Zepos & Yannopoulos advised MORE (Motor Oil Renewable Energy) and its platform company Unagi S.A. on two interrelated transactions in the renewable energy sector, marking a significant step in the strategic repositioning of MORE's photovoltaic portfolio.Under the first transaction, MORE acquired the remaining 25% of Unagi, thereby securing 100% ownership of the platform. In the second transaction, Unagi sold a 51% stake in a portfolio of 12 photovoltaic projects under development, with a total nominal capacity of 1,175 MW, to PPC Renewables, which already held the remaining 49% of the portfolio. As a result, PPC Renewables now holds 100% of these photovoltaic projects.These transactions form part of MORE's strategy of active portfolio management, enabling the timely crystallisation of ...

Law 5313/2026, ratified on 25 June 2026, introduces a series of amendments to the dedicated tax framework for carried interest for Greek tax-resident individuals involved in fund management, while also revising the application and compliance deadlines under the lump sum tax regime (LSTR) and the retirees tax regime available to individuals relocating to Greece.New tax framework for carried interestEffective from 1 January 2026, the new law establishes a targeted tax framework for carried interest in the investment funds sector. The key developments are twofold:Level playing field: Individuals involved in the management of Greek funds, EU AIFs, and third-party funds will benefit from a uniform 15% capital gains tax rate on carried interest received; andRelocation incentive: A preferential 5...

The European Union adopted its first FDI screening legislation in 2019, as a response to the need for a comprehensive framework for the screening of foreign direct investments. Seven years later and amid growing geopolitical tensions, Regulation (EU) 2026/1386 (“Revised FDI Regulation”) was published in the Official Journal of the EU on 26 June 2026, marking a step-change in the EU’s economic security architecture. While all 27 Member States already have national FDI screening mechanisms in place, the new framework addresses the significant divergences that have emerged between them – creating for the first time a harmonised minimum floor for what must be screened, how screening must be conducted, and when transactions must be notified through the EU Cooperation Mechanism (a system through...

The Energy & Finance Breakfast, recently held at our offices, focused on energy storage, participation in the electricity markets, and the challenges shaping the viability and financing of storage projects, with Anastasia Makri, head of Energy, Paris Tzoumas, head of Finance, Dimitra Rachouti, partner, and senior associates Magda Tsatsi, and Efstathia Yperifanou, sharing their insights on the developments shaping the sector.The discussion explored the evolving energy storage market and the different storage models currently emerging, as well as the participation of energy storage in the electricity markets, including revenue streams, risks and commercial strategies. It also examined the financing of energy storage projects and the practical considerations underpinning their long-term v...