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Sustainable Finance
The Taxonomy Regulation (EU) 2020/852 requires large financial and non-financial companies in-scope to disclose how and to what extent their activities are associated with environmentally sustainable economic activities (art. 8). Regulation (EU) 2021/2178
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Posted in News, News for Greece
MyDATA Explained: A complete guide
myDATA is a platform created by Greece’s tax authority, The Independent Authority for Public Revenue (IAPR), to digitize business tax and accounting information declaration. All companies performing accounting, according to Greek accounting standards, will be required to transmit…
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Posted in News, News for Greece
Episode #10 Law 4706/2020: Corporate Governance Reform – BoD Committees
On episode 10 of Andersen Legal podcast series, our associate Rania Koliouli will refer to BoD Committees and their responsibilities.
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Posted in News, News for Cyprus, News for Greece
The M&A market in Europe reached an all time record in 2021
The growth experienced in the M&A, private equity and venture capital transactions in 2021, is expected to set the stage for an even better 2022.
The mergers and acquisitions (M&A) market in Europe has reached a historic record in 2021… -
Posted in News, News for Greece
Updates on diagnostic COVID-19 Testing for Private Sector Employees
According to recent announcement released from the Ministry of Labour & Social Affairs, from 7th of February 2022, the mandatory Covid-19 weekly testing applies to all employees of the private sector who provide their services with physical presence…
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Posted in News, News for Cyprus, News for Greece
Happy Data Protection Day, 28th of January 2022
Sixteen years ago, the Council of Europe launched a Data Protection Day to be celebrated each year on 28 January. To celebrate this day, our team has prepared a short list with 5+1 privacy tips, in order for you to be prepared in 2022.
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Posted in News, News for Cyprus, News for Greece
Market Data on EU derivatives and Securities Markets
The European Securities and Markets Authority (ESMA), published on 17 December 2021 two Annual Statistical Reports (Reports) analysing the EU derivatives and securities markets in 2020.The Reports also discuss the significant impact of the UK withdrawal on the EU derivatives…
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Posted in News, News for Cyprus, News for Greece
Legal Entity Identifier for Legal Entities in Financial Transactions
In accordance with the European Systemic Risk Board (ESRB) recommendation, the Hellenic Capital Market Commission (HCMC) encourages all legal entities involved in financial transactions, under the HCMC’s supervisory competence…
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Posted in News, News for Cyprus, News for Greece
EU regulators recommend rapid action on Digital Finance
The three European Supervisory Authorities (EBA, EIOPA and ESMA) have recommended a series of actions to the European Commission, namely ten cross-sectoral recommendations and two insurance-specific recommendations, in order to ensure that the EU financial services regulation…
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Posted in News, News for Greece
Article 48a: Capital gain tax for holding companies
With Article 20 of Law 4646/2019 Greece has incorporated the participation exemption clause. More specifically, Article 48 A of Income Tax Code states that there is no capital gain tax on the transfer of shares of subsidiaries by the mother company provided that owns the shares (subsidiary):
