On May 14, 2019, Mr. Constantin KARAGOUNIS, representing KARAGOUNIS & PARTNERS and Lmt Avocats, participated as speaker at a workshop organized in Paris by the French-Greek Chamber of Commerce and Industry and the Embassy of Greece in France. The theme of the workshop was "Real Estate Opportunities in Greece - The Right Time to Invest". Mr. KARAGOUNIS, General Secretary of the CCIFG and President of the Taxation Committee has developed the tax aspects of real estate investment.


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The Law 4336/2015 was adopted by the Greek Parliament on 14 August 2015. It consists of provisions on pension issues as well as the Ratification of the Draft Convention on the Economic Support from the European Stability Mechanism and finally provisions on the implementation of the Financial Agreement. 

The main provisions of the law could be classified as follows: 

Measures regarding Economy, Competition and Commerce

Provisions on the control of the financial situations, regular or optional

Simplification of the requirements on granting license to a lorry (for private use)

Measures in favor of the competition (open up of the fresh milk market, of the bread market, establishment of more sales periods). 

Changes at granting license for gas with the aim to improve the gas market  

Provisions on the electrical power, i.e. by 01-01-2020 all electrical power companies are prohibited from producing or importing in the network of the country quantities of electrical power which exceeds 50% of the entire electrical energy produced by domestic units and imports on a yearly basis

Measures on the profession of bailiffs and notaries, as well as on the reduction of prices imposed on notary acts

The civil procedural law, by its nature and position in the legal system, is auxiliary or in the service of the civil law. The main purpose of a civil litigation is the protection of the civil law rights. This purpose is met when the civil law rights are recognized, or configured, as well as when they are fulfilled. The basic prerequisite, so that the civil litigation serves the aforementioned purpose, is the issuance of a correct and fair judgment. The latter justice is necessary to be given in due course, according to the relevant principle on the Greek Constitution. 

In the light of the above, the primary goal of the Lawmaking Committee was to introduce new rules and to improve others in the current civil procedural law, which could lead to fast justice without sacrificing the principal of correct and fair judgment. The new rules focus on the domains with the longer delays: the procedure at the First Instance Courts and the enforcement procedure. Important changes are also introduced in all chapters of the Civil Procedural Law, mainly in the chapter of the Procedure for special category of cases. 

With the above regulations the Directive 2014/59/ΕU for the establishment of a European framework for the recovery and resolution of credit institutions and investment firms and the amendment of the Directives 82/891/EEC, 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU and Regulations (EU) No 1093/2010 and (EU) No 648/2012, are being integrated to the National Legislation

Law 4334/2015 was voted on 15th July by the Greek Parliament in line with the Euro summit of 12th July 2015 providing policy commitments in the form of urgent regulation regarding tax issues and particularly VAT increase in several services and commodities in Greece, upfront measures to improve long-term sustainability of the pension system as part of a comprehensive pension reform programme as well as legal provisions relevant to the Statistic system (ELSTAT). Here below follows a brief analysis of the legislation introduced regarding the first two (tax and pension) issues.