Competition compliance—Greece—Q&A guide

The following Commercial practice note provides comprehensive and up to date legal information covering:

  • Competition compliance—Greece—Q&A guide
  • 1. What is the general attitude of business and the authorities to competition compliance?
  • 2. Is there a government-approved standard for compliance programmes in your jurisdiction?
  • 3. Is the compliance guidance generally applicable or do best practice and obligations depend on company size and the sector of the economy it operates in?
  • 4. If the company has a competition compliance programme in place, does it have any effect on sanctions?
  • 5. How does a company demonstrate its commitment to competition compliance?
  • 6. What are the key features of a compliance programme regarding risk identification?
  • 7. What are the key features of a compliance programme regarding risk assessment?
  • 8. What are the key features of a compliance programme regarding risk mitigation?
  • 9. What are the key features of a compliance programme regarding review?
  • More...

Competition compliance—Greece—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to competition compliance in Greece published as part of the Lexology Getting the Deal Through series by Law Business Research (published: March 2020).

Authors: Law Offices Papaconstantinou—Eleni Papaconstantinou; George Risvas

1. What is the general attitude of business and the authorities to competition compliance?

The Hellenic Competition Commission (HCC) takes various steps to diversify and expand its advocacy efforts. In this context, it has published compliance and awareness guides and information bulletins, and it has organised training seminars and conferences to promote awareness of competition law issues.

Many large undertakings, particularly those belonging to international groups, conduct antitrust audits and implement compliance programmes.

2. Is there a government-approved standard for compliance programmes in your jurisdiction?

There is no government-approved standard for compliance programmes in Greece.

3. Is the compliance guidance generally applicable or do best practice and obligations depend on company size and the sector of the economy it operates in?

In the absence of a government-approved standard for compliance programmes, best practice and obligations depend on company size and the sector of the economy in which the company operates.

4. If the company has a competition compliance programme in place, does it have any effect on sanctions?

The existence of a competition compliance programme is not included among the attenuating circumstances giving rise to a fine reduction under the guidelines for

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