Best Merger & Acquisition Lawyers in Greece

About Merger & Acquisition Law in Greece

Merger & Acquisition (M&A) is a legal process involving the buying, selling, merging, or dividing of companies. In Greece, M&A transactions are regulated by various laws and regulations to ensure fairness and compliance with local standards.

Why You May Need a Lawyer

There are several situations where you may need legal help in M&A in Greece, such as negotiating contracts, conducting due diligence, navigating regulatory requirements, resolving disputes, and ensuring compliance with local laws and regulations. A lawyer can guide you through the complex process and protect your interests.

Local Laws Overview

In Greece, M&A transactions are governed by the Greek Civil Code, the Greek Commercial Code, and other specific regulations related to M&A. Key aspects of local laws that are particularly relevant to M&A in Greece include compliance with competition laws, taxation implications, labor laws, and regulatory approval requirements.

Frequently Asked Questions

1. What is the difference between a merger and an acquisition?

A merger is when two companies combine to form a new entity, while an acquisition is when one company purchases another company.

2. What are the main steps in an M&A transaction in Greece?

The main steps typically include due diligence, negotiation of terms, drafting of agreements, obtaining regulatory approvals, and closing the transaction.

3. Are there any restrictions on foreign investments in Greece?

Greece has certain restrictions on foreign investments in strategic sectors such as defense, energy, and telecommunications.

4. Do I need to notify any authorities before completing an M&A transaction in Greece?

Yes, certain M&A transactions may require notification to the Hellenic Competition Commission or other regulatory bodies for approval.

5. How are M&A transactions taxed in Greece?

M&A transactions in Greece are subject to taxation, including capital gains tax, transfer tax, and stamp duty.

6. What are the key provisions that should be included in an M&A agreement in Greece?

Key provisions may include purchase price, payment terms, representations and warranties, covenants, conditions to closing, and indemnification clauses.

7. How long does an M&A transaction usually take to complete in Greece?

The timeline for completing an M&A transaction in Greece can vary depending on the complexity of the deal and regulatory approvals required, but it typically takes several months to a year.

8. What happens if there is a dispute during an M&A transaction in Greece?

Disputes during an M&A transaction in Greece may be resolved through negotiation, mediation, arbitration, or litigation, depending on the nature of the dispute and the terms of the agreement.

9. Are there any specific regulations regarding employee rights in M&A transactions in Greece?

Yes, employee rights are protected under Greek law, and there are specific regulations regarding employee consultation, transfer of employees, and redundancy procedures in the context of M&A transactions.

10. How can a lawyer help me with an M&A transaction in Greece?

A lawyer with experience in M&A transactions in Greece can provide legal advice, assist with due diligence, negotiate terms, draft agreements, obtain regulatory approvals, and represent your interests throughout the transaction process.

Additional Resources

For more information on M&A in Greece, you can refer to the Hellenic Competition Commission, the Hellenic Capital Market Commission, and the Hellenic Ministry of Development and Investments.

Next Steps

If you require legal assistance in an M&A transaction in Greece, it is advisable to consult with a qualified lawyer who specializes in M&A law to guide you through the process, protect your interests, and ensure compliance with local laws and regulations.