About Merger & Acquisition Law in Peristeri, Greece
Peristeri is a municipality in the Attica region, part of the Athens metropolitan area. Mergers and acquisitions (M&A) in Greece apply nationwide, including in Peristeri, and are shaped by corporate law, civil law, and competition rules. In practice, M&A deals involve due diligence, custom asset or share purchase agreements, regulatory notifications, and post-merger integration planning.
Greek M&A law combines national statutes with EU-derived requirements for concentrations that affect competition. Local businesses and foreign investors alike must navigate corporate governance standards, disclosure duties, and potential tax implications. A well‑advised transaction reduces risk of post‑completion disputes and delays.
Why You May Need a Lawyer
Working with a Peristeri-based lawyer or law firm ensures you navigate Greek and EU requirements correctly. Below are concrete scenarios that commonly arise in Peristeri deals.
- A Peristeri manufacturer plans to acquire a local supplier; you need counsel for due diligence and deciding between an asset purchase and a share deal.
- You intend a cross‑border merger involving a Peristeri entity and a foreign partner; you require guidance on cross-border corporate forms and tax optimization.
- A concentration must be notified to the Hellenic Competition Commission; your team needs help preparing the notification and potential remedies.
- An M&A deal triggers employee reorganization in Peristeri offices; you need advice on collective redundancies, notice periods, and employment contracts.
- You are acquiring real estate or facilities in Peristeri as part of the deal; you need due diligence on title, leases, and zoning compliance.
- A Peristeri business expects post‑merger integration risks; you seek counsel to draft integration plans, governance changes, and shareholder agreements.
Local Laws Overview
Important statutes shape Greek M&A activity, including corporate governance, share transfers, and competition oversight. Here are 2-3 key laws to know, with notes on their scope and impact.
Law 4548/2018 - Reform of the corporate form and corporate governance of Greek companies. This statute systematically updates provisions on mergers, acquisitions, capital structure, and governance for Greek sociedades anonymes and other corporate forms. It aligns Greek practice with EU corporate governance directives and modernizes cross‑border merger procedures. For text and amendments, consult the official legislation portal.
Law 2190/1920 - On sociétés anonymes (S.A.s) and related share transfers. This foundational corporate law governs shares, transfer restrictions, disclosure obligations, and general meetings for publicly traded and private companies. It remains a reference point for structuring M&A transactions in Greece, including Peristeri deals.
Law 3959/2011 - On the Protection of Competition. This law governs concentrations and merger control and sets thresholds for notifying the Hellenic Competition Commission (HCC). It shapes regulatory notification, potential remedies, and post‑merger conduct. Greece implements EU competition rules through this framework, including cooperation with cross‑border deals.
Recent trends include digital filing, enhanced transparency, and more robust enforcement by Greek authorities on concentrations above thresholds. For the text of these laws and any updates, see official Greek sources such as the legislation portal and government sites.
Note: Greek merger control operates under both national law and EU competition rules; notification to the competition authority may be required for qualifying concentrations.
For authoritative text and updates, refer to official resources such as the Legislation portal and the Greek government services site.
Frequently Asked Questions
Below are common questions about M&A in Peristeri, answered in plain language. Each item is a question you can click on to quickly find information in context.
What is a merger under Greek law?
A merger combines two or more companies into one or transfers assets and liabilities to a surviving entity. Greek law governs form, scope, and governance post‑merger.
How do I start an M&A process in Greece?
Define the deal type, appoint a local lawyer, conduct due diligence, negotiate a term sheet, and prepare the sale and purchase agreement with Greek boilerplate and governing law clauses.
When must I notify the Hellenic Competition Commission?
Notification is required if the deal meets thresholds for concentrations; failure to notify can expose parties to fines and remedies.
Where do I file merger documents in Peristeri?
Filing typically occurs with the Greek competition authority and relevant corporate registries; your lawyer coordinates filings and translations as needed.
Why is due diligence crucial in Greece M&A?
Due diligence reveals hidden liabilities, tax issues, and compliance gaps that can affect price and closing certainty.
Can I use a local Peristeri law firm for cross-border deals?
Yes. A local firm with international experience can handle Greek mechanics and coordinate foreign counsel for cross‑border aspects.
Should I use a lawyer for asset deals vs share deals?
Yes. Asset deals require careful transfer of specific assets and liabilities, while share deals affect ownership and may change control structures.
Do I need a Greek tax ID for the deal?
Most M&A transactions in Greece involve tax considerations and may require updates to VAT status, transfer taxes, and stamp duties.
Is there a specific timeline for merger approvals in Greece?
Timeline varies by transaction complexity and regulator workload; expect weeks to several months for due diligence and filings.
What costs are involved in M&A legal services in Peristeri?
Costs include due diligence, drafting and negotiation, regulatory filings, and post‑closing advisory, plus possible success fees.
How long does a typical Greek M&A deal take?
Small domestic deals may close in a few months; complex cross‑border deals can extend to six to twelve months or more.
What's the difference between asset purchase and share purchase in Greece?
Asset purchases transfer specific assets and liabilities; share purchases transfer ownership of the target company, with different risk profiles.
Additional Resources
These official resources can help you understand the legal framework, filings, and regulatory expectations for M&A in Greece.
- Gov.gr - Official government portal providing guidance on administrative procedures, registrations, and filings relevant to corporate transactions.
- Legislation.gov.gr - Official portal for Greek laws and amendments, including corporate and competition statutes.
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