GREECE Law and Practice Contributed by: Anastasia Dritsa, Elisabeth Eleftheriades, Vicky Kriketou, Irene Kyriakides, Ioanna Kyriazi, Victoria Mertikopoulou, Claire Pavlou and Panagiotis Pothos, Kyriakides Georgopoulos Law Firm
the interaction between Greek enforcement practice and the European Commission’s ongoing review of the EU Merger Guidelines. While the Commission’s draft guidelines emphasise innovation and efficien - cies, recent HCC decisions reflect a comparatively cautious approach to consolidation in concentrated markets, a divergence that may become particularly relevant where jurisdiction could fall to either authority. Foreign Direct Investment Screening: From New National Regime to European Harmonisation The most significant development in the field of for - eign investment is the introduction of Greece’s first comprehensive foreign direct investment (FDI) screen - ing mechanism under Law 5202/2025, coupled with the ongoing reform of the EU FDI screening frame - work. As the regime is still in its infancy, a key issue for market participants will be how the competent authorities interpret and apply the new framework in practice, particularly with respect to jurisdictional questions, substantive assessment criteria and the types of mitigation measures that may be imposed. Further refinement of the recently enacted national framework is expected as the EU’s new FDI Screening Regulation – approved on 8 June 2026 and expected to take full effect by early 2028 – will require member states to maintain screening mechanisms meeting common minimum standards and to extend manda -
tory screening to a broader set of strategic sectors – including artificial intelligence, quantum technolo - gies, advanced semiconductors, electoral systems, designated financial entities and strategic raw materi - als. Investors should therefore expect the Greek FDI regime to remain a developing area over the next several years, with additional implementing measures and administrative guidance likely to emerge as both domestic and EU rules evolve. From a transactional perspective, deals involving strategic assets or sen - sitive sectors will increasingly require parallel merger control and FDI screening reviews, alongside any sector-specific regulatory approvals. Reform of Greek Succession and Family Law Whilst not directly relevant to the sections set out above, it is worth noting that with Law 5303/2026 pub - lished in the Government Gazette on 22 May 2026, Greece has enacted its most comprehensive reform of succession and family law in eight decades. This reform is expected to give a boost to the attractive - ness of Greece as a jurisdiction for high-net-worth individuals, family offices, and internationally mobile wealth. Combined with the existing non-dom tax regime and the Golden Visa programme, the reform adds a further dimension to Greece’s offer as a desti - nation for wealth relocation and long-term investment.
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