Digital Banking – Blockchain – Smart contracts

Stavros Kitsakis spoke at the 6th digital banking forum on the legal implications and legal problems identified by both the use of blockchain infrastructure in banking and financial transactions and the implementation of so-called smart contracts. Here you can watch the video of the presentation. You can read the presentation (in Greek language) here:



Partner Stavros Kitsakis publishes his new book “Contract Law and Organised Markets”. The book deals specifically with the new Greek energy law 4425/2016, which sets up a Energy Exchange. It focuses on issues such as contract formation and liability, in particular in relation to the also newly established Clearing House of the market. For more…


Wholesale electricity market – Clearing and CCP

. Kitsakis • Xylaki successfully represents the Greek TSO “ADMIE S.A.” in a multi-million dispute over the contractual liability of the TSO in the framework of the Greek wholesale electricity market. Apart from clarifying that the TSO is not acting as a central counterparty in this regard, the court also dealt with issues related to…


Energy market litigation

Contractual Liability of the Transmission System Operator. The Greek Transmission operator (ADMIE S.A.), represented by our office, wins a multi-million dispute with one of the largest Energy Producers. The dispute concerned the alleged liability of the Transmission System Operator for overdue debts regarding the supply of both energy and balancing services in the wholesale market….


INVESTING IN ENERGY: Recent and forthcoming reforms in the energy market

]In August 2015, the Greek Government and the Bank of Greece, after a long period of negotiations with its creditors, entered into a new bail-out agreement with its creditors. A Memorandum of Understanding (MoU) was subsequently signed between Greece and the European Commission, acting on behalf of the European Stability Mechanism (ESM). In this document,…


Environment, Health & Safety

Kitsakis • Xylaki acts as subcontractor of US-based Specialty Technical Consultants, Inc. (STC) for the preparation of a comprehensive international EHS Protocol for Greece. The final report of STC can be found here: http://www.stpub.com/international-audit-protocols-greece-online. The Protocol covers eighteen topics, with a separate module devoted to each one.