GREECE Law and Practice Contributed by: Anna Manda and Maria Kallidopoulou, Karatzas & Partners
Karatzas & Partners The Orbit, 5th floor 115 Kifissias Ave
115 24 Athens Greece
Tel: +30 21 0371 3600 Fax: +30 210 323 4363 Email: mail@karatza-partners.gr Web: karatza-partners.gr
1. Legislation and Enforcing Authorities 1.1 Merger Control Legislation
Greek competition rules, apart from the trans - actions relating to electronic communications, and postal services, for the review of which the Hellenic Telecommunications and Post Commis - sion (EETT) is the competent authority. Mass Media Sector Concentrations relating to informative media (eg, television, radio, papers and magazines) are governed by both the Greek Competition Act and Law 3592/2007, as amended by Law 4279/2014. On the other hand, as regards con - centrations relating to entertainment (ie, non- informative) media, only the Greek Competition Act applies. With respect to FDI filing requirements see 9.1 Legislation and Filing Requirements . 1.3 Enforcement Authorities The HCC is the competent authority for the enforcement of the relevant legislation applica - ble to merger control, as well as for the review of the notified concentrations. The HCC is an independent authority with administrative and economic autonomy, which is supervised by the Minister of Development.
The relevant Greek merger control provisions are enshrined in Law 3959/2011 (the “Greek Com - petition Act”), as amended. In addition to these provisions, the Hellenic Competition Commis - sion (HCC) has issued Decision No 780/2022, which clarifies the requirements of the long and short notification forms (the ”HCC Guidelines”), as well as Decision 779/2022, which determines the content of the remedies form. In 2023, the HCC amended its procedural and operational regulation. In interpreting and applying the Greek merger control legislation, the HCC takes also into account all the relevant EU legislation, notices and guidelines, as well as the EU case law. 1.2 Legislation Relating to Particular Sectors The Greek Competition Act applies in principle to all transactions (including foreign-to-foreign transactions) and to all sectors, and the HCC is the competent authority to implement the
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