GREECE Law and Practice Contributed by: Vassilios Moussas, Charalampos Kondis, Christina Grigoriadou and Konstantina Margariti, Moussas & Partners
the provisions of the New York Convention are applicable to the recognition and enforcement of all foreign awards, irrespective of whether the state of origin is a contracting state to the New York Convention and of whether the subject matter of the arbitration pertains to a commer- cial dispute. The reservations made by Greece do not seem to restrict the scope of application of the New York Convention. 14. Outlook 14.1 Proposals for Dispute Resolution Reform The most recent reform of the GCCP has been through the enactment of Law 4842/2021, aim- ing to accelerate the smooth functioning of civil litigation proceedings by applying modern tech- nologies and IAL which provides for the sub- mission of documents in electronic form in ordi- nary proceedings and also redefines the legal framework governing international commercial arbitration. 14.2 Growth Areas Main areas of growth for commercial disputes in Greece have been influenced by several fac- tors, including economic conditions, regulatory changes, and increasing international trade. Some key growth areas for commercial disputes are: • Banking and Financial Disputes • Energy Sector Disputes • Construction and Real Estate • Commercial Contracts and International Trade • Technology and Data Protection • Privatisation and Public Procurement • Taxation and Regulatory Disputes • Shipping and Maritime Disputes
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