We recently welcomed two long-awaited Circulars issued by the Tax Administration. Our newsletter summarises key clarifications provided, which are expected to contribute towards uniform application of the relevant legislative framework, while at the same time it highlights certain gaps that continue to warrant attention and areas that still create ambiguity.A. Circular 2088/2025: Tax incentives on corporate transformations (L. 5162/2024 – “L. 5162”)Key clarificationsL. 5162 cannot apply in parallel with tax incentives under L. 4935/2022. It’s one or the other.Domestic entities subject to the same tax regime are within scope, even if they enjoy income tax exemption under the Income Tax Code (ITC) or other special provisions.L. 5162 applies regardless of the shareholders’ tax residence, on t...

Zepos & Yannopoulos advised Mirova, a leading global asset manager of sustainable and clean energy infrastructure, on its acquisition of the 156 MW Clover PV portfolio from the German group JUWI Group, which constitutes a landmark transaction in the Greek renewable energy sector. The portfolio consists of solar projects strategically located across the regional units of Kozani and Grevena.Our support covered the full lifecycle of the transaction, from due diligence and project documentation to EPC and O&M contracting, as well as real estate, financing and corporate structuring matters.The transaction was led by Anastasia Makri, head of Energy, with support from Nikos Koukos, senior associate, and Efstathia Yperifanou, Danae Minis and Yakinthi Kappatou, associates. Sonia Melegou, he...

Dr. Emmanouil Mavrantonakis, senior associate of our Litigation & Arbitration practice, will be speaking at the upcoming conference “Disputes Trends & Enforcement of Arbitral Awards” held during Athens Arbitration Days. He will join the panel “Enforceability of Awards,” where he will share insights on state review of arbitral awards, enforcement challenges, and key regional developments.Organised by ICC Hellas, ICC Arbitration, ICC Serbia, the International Chamber of Commerce in Albania and ICC Türkiye, the conference on 26 November brings together arbitration practitioners from across the region to discuss current developments in dispute resolution and the enforcement of arbitral awards in Southeast Europe.You can read more here....

On 11 November 2025, the long-awaited Joint Ministerial Decision regarding the FDI filing procedure (“Procedural Decision”) was published on the Government Gazette (Decision No. 64260, G.G. 6009/B/11.11.2025), essentially kicking off the notification process for the FDI regime in Greece.Following the enactment of Law 5202/2025 on 23 May 2025 regarding measures for the implementation of Regulation (EU) 2019/452 (“FDI Law” - see here for our previous newsletter), the Ministry of Foreign Affairs issued a formal announcement on 8 August 2025 (“Announcement”), providing clarifications on the scope of the FDI Law and confirming that the competent authority, i.e. Directorate B1 of the Greek Ministry of Foreign Affairs (“Directorate B1”), would not accept notifications until the issuance of the Pr...