Karatzas and Partners Law Firm


Banking regulators offer further tools to cope with the COVID-19 pandemic. Click on the following link to find out more: PDF

According to a statement made by ESMA on March 27, 2020, delays in the publication of annual and half-yearly reports by issuers whose securities are admitted to trading on a regulated market should be tolerated by national competent authorities (NCAs), under the following conditions:

Karatzas & Partners is pleased to have assisted Eurobank in the hive-down of its banking sector into a new credit institution and the transformation of the existing legal entity into a holding company. This transaction was the largest hive-down ever performed in Greece and the most complex corporate transformation, due to the regulatory requirements that needed to be met and the difficult legal issues created by the fact that the banking business being transferred contained rights and obligations governed by various foreign laws.

The Hellenic Capital Market Commission has confirmed that, in accordance with the ESMA Public Statement dated March 18, 2020 (ESMA80-191-995), it will not prioritise its supervisory actions with respect to the reporting of securities financing transactions (SFTs) by credit institutions, investment firms and relevant third-country entities, which should start on April 13, 2020. SFT reporting by such entities, under both SFTR and MiFIR, has actually been postponed to the next phase of the reporting regime. You may find the full article here: COVID19-HCMC_confirms_postponement_of_SFT_reporting.pdf

The article below offers a deep dive in the adopted measures related with the adverse effects of #Covid19 outbreak. Authors: Vassiliki Salaka, Christina Faitakis, Alexandra Agorastou, Nina Leopoulou and Nikos Stefas. Click on the following link: COVID19_Adopted_Measures.pdf

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