For the last two years the Greek Government explores the question as to whether franchising should be regulated or not. There is a history behind this question. More specifically there has been a line of cases where franchisees suffered severe damages as a result of fraudulent behavior in some franchisors.
Collective investment vehicles were first regulated in Greece by Law 608/70. However, subsequent developments in collective investment urged for more integrated and up-to-date legislation. Law 1969/91 constitutes the dominant legal instrument governing these vehicles today, whereas Law 2778/99 regulates specifically vehicles of collective investment in real estate.
Agency and distribution agreements are in the forefront of agreements concluded between multi-nationals and their local subsidiaries throughout the EU territory. However the legal consequences deriving therefrom vary depending on the choice of the specific agreement, ie. agency or distribution agreement, given that each one entails different obligations (mainly) for the principal but also for the agent.
As the milestone year of 1992 for the EEC’s integration draws closer, the landmark decision 2152/1986 of the Council of the State (en bane) deserves special mention, since it increasingly becomes of greater importance and relevance.