GREECE Law and Practice Contributed by: Anna Manda and Maria Kallidopoulou, Karatzas & Partners
7.8 Domestic v International Investigations
7.10 Crisis Cartels The COVID-19 pandemic has shaped the HCC’s enforcement priorities in recent years. The HCC has conducted dawn raids and sectoral stud - ies in the consuming goods and the antiseptics sectors. The extent to which the current market condi - tions are conducive to cartel behaviour depends on the particular market circumstances prevail - ing in each separate market. This is based on the existing market players and the barriers to entry/ expansion, among other things.
Almost all cartel investigations in Greece are domestic in nature so far. It is expected that this will remain unchanged throughout the upcom - ing year. 7.9 Environmental, Social and Governance (ESG) Cartels Greece has adopted several policies and man - dates regarding ESG. In 2022, the HCC itself adopted the Sustainable Development Sandbox, which is a protected environment that encour - ages businesses to adopt innovative business ideas in favour of sustainable development. In particular, businesses can apply to the HCC through the sandbox for the evaluation and approval of their business proposal. Once the evaluation stage is over, the interested parties can implement the business proposal in the mar - ket. However, any improper communication between competitors ‒ even while communicating or adopting ESG standards ‒ falls under the scru - tiny of the HCC.
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