ΔΙΚΑΙΟ ΤΩΝ ΣΥΜΒΑΣΕΩΝ ΚΑΙ ΟΡΓΑΝΩΜΕΝΗ ΑΓΟΡΑ

Contract law and organised markets Stavros Kitsakis, PhD, Attorney-at-Law Abstract: Organised markets, such as exchanges, have traditionally been the subject of extensive regulation. However, contract law of organised markets has rarely been the subject of legal analysis. Based on the example of the Greek energy market the analysis is exploring the relevance of tradi- tional legal concepts of contract law for the trading structure of a specific organised market. Contract formation, contractual liability of the operator and the clearing house of the market, breach of contract in the framework ofmultilateral trading and set-off aswell as the role of a central counterparty are among the topics discussed.The discussion allows formore general con- clusions on fundamental notions of contract law and on the interrelation- ship between the latter and the general concept of regulation. ISBN 978-960-622-633-5 COPYRIGHT All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission of NOMIKI BIBLIOTHIKI S.A., or as expressly permitted by law or under the terms agreed with the appropriate reprographic rights organi- sation. Enquiries concerning reproduction which may not be covered by the above should be addressed to NOMIKI BIBLIOTHIKI S.A. at the address below. DISCLAIMER The content of this work is intended for information purposes only and should not be treated as legal advice. The publication is necessarily of a general nature; NOMIKI BIBLIOTHIKI S.A. makes no claim as to the compre- hensiveness or accuracy of the information provided; Information is not offered for the purpose of providing individualized legal advice. Profes- sional advice should therefore be sought before any action is undertaken based on this publication. Use of this work does not create an attorney- client or any other relationship between the user and NOMIKI BIBLIOTHIKI S.A. or the legal professionals contributing to this publication. 23 Mavromichali str. | 106 80 | Athens | Greece T +30 210 3678 800 | F +30 210 3678 819 www.nb.org | info@nb.org © 2018, NOMIKI BIBLIOTHIKI S.A.