News

Maillis S.A.

Sarantitis Law Firm, is advising the Greek Multinational Industrial Group M.J. Maillis S.A. on all aspects of its legal affairs and in connection with more than ten foreign jurisdictions.

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New Proton Bank

Sarantitis Law Firm represented New Proton Bank in a €400m claim against 28 major shareholders of the former Proton Bank, now under liquidation. Team headed by Theodora Monochartzis.

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Casino Loutraki

Sarantitis advised owners in respect of a new equity investment following the financial restructuring of the Casino. Team headed by Dorotheos Samoladas

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Casino Rodos

Sarantitis advised QLI Group in respect of a restructuring agreement of Company's debt, with its lending banks. Team headed by Dorotheos Samoladas

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ISO 9001 certified

Since 2017, Sarantitis Law Firm is ISO 9001 certified.

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Sarantitis Law Firm participated in project initiated by DG ENER/Directorate General for Energy of EU

Sarantitis participated, through its Energy Practice, in a high profile and material in scale project that has been initiated by DG ENER/Directorate General for Energy of EU. The question DG Ener set to be answered by all European jurisdictions was “Do current regulatory frameworks in the EU support deployment of innovation and security of supply in electricity and gas infrastructure?”.

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WTO Law and Practice

The international experience of our firm includes WTO law and practice, notably in the area of customs, trade defence and relevant litigation before investigating authorities and the WTO's Dispute Settlement Body.

The WTO is the result of the closure of the GATT's Uruguay Round in 1994. All EU Member States are collectively a member of the WTO, and all EU Member States have ceded all rights of access to the WTO to the European Commission as their representative. Under the obligations resulting out of the WTO system, most of the aspects of the EU's Common Commercial Policy must comply with the WTO provisions and case law.

The WTO provisions include several agreements concerning trade in goods and services, which, among others, implement the provisions of the GATT agreement in more detail. The key WTO principles are as follows:

  • Most favoured nation treatment - advantages concerning customs duties or formalities granted by any WTO member to any other country shall be similarly accorded to goods from any WTO member.
  • Maximum customs duties - schedules of concessions agreed during WTO negotiations constitute maximum customs duties with respect to all WTO members.
  • National treatment - internal taxes and all other charges affecting the internal sale, purchase, transportation or distribution of goods shall not discriminate against imports.
  • Anti dumping and countervailing duties - may be imposed against imported goods which are dumped or subsidized, if their release into free circulation causes material injury to the domestic industry of the importing member producing the like product.

Failure to observe the above principles by any WTO member may result in contentious proceedings before the WTO's Dispute Settlement Body ("DSB"). Some of our lawyers have pursued graduate studies and have obtained extensive experience in advising corporate entities and sovereign governments on the application of WTO provisions, including accession negotiations and the application of trade defense rules (anti-dumping, anti-subsidy and safeguards). Especially in the area of trade defense, businesses may draw great advantages from either having duties imposed on competitive goods imported in the EU or being properly represented in anti-dumping and other trade defense proceedings initiated by other jurisdictions outside the EU (third countries). For example, Greek exporters of goods may be faced with such investigations by any WTO member in the world. Should this happen, it is crucial to co-operate in full and attempt to minimize the level of duties to be imposed or even completely eliminate the risk. Sarantitis Law Firm is the best-placed firm in Greece to provide this type of advice and representation. Our lawyers have a collective experience of over 50 trade defense investigations during the last decade, through their experience gained in Brussels and other jurisdictions, worldwide.