Greek Business Law
A Handbook for Businesses and Legal Practitioners
XVII
Table of Contents
15.3.6. Accounting Books and Records
...............................................................................................94
15.3.7. Audit requirements
.......................................................................................................................94
15.4. General Partnership (Omorythmos Eteria or OE)
.....................................................................94
15.5. Limited Partnership (Eterorythmos Eteria or EE)
......................................................................95
15.6. European Company (Societas Europaea or SE)
..........................................................................95
15.7. Branch of a foreign company
...............................................................................................................95
15.8. Offshore Entities (Statute 89/1967)
..................................................................................................96
15.9. Joint Venture
.................................................................................................................................................97
15.10. European Economic Interest Grouping (EEIG)
.........................................................................97
PART IV: ISSUES IN M&A AND CAPITAL MARKETS
16. Mergers & Acquisitions (Public)
...................................................................................................99
16.1. Obtaining control of a public company
.........................................................................................99
16.2. Regulation of public takeovers and mergers
..............................................................................99
16.3. Due diligence enquiries in recommended and hostile bids
........................................... 100
16.4. Preliminary outlining the bid agreement
.................................................................................. 101
16.5. Disclosure and notification requirements, restrictions and timetables
................... 101
16.6. Mandatory offer
........................................................................................................................................ 103
16.7. Formal agreement between the bidder and the target
.................................................... 103
16.8. Break fees and withdrawal of an offer
.......................................................................................... 104
16.9. Announcing and making the offer
................................................................................................ 104
16.10. Conditions attached to a takeover offer
.................................................................................. 106
16.11. Offer document
...................................................................................................................................... 107
16.12. Process of mandatory offer
............................................................................................................. 109
16.13. Regulations for a minimum level of consideration
............................................................ 110
16.14. Squeeze-out and sell-out rights
................................................................................................... 111
16.15. Defending a hostile bid (pre- and post-bid)
.......................................................................... 111
16.16. Restrictions or disclosure requirements imposed on persons
.................................... 112
16.17. Delisting
..................................................................................................................................................... 113
17. Spin-offs and Transfer of Business and Assets
............................................................. 113
17.1. Business vs asset deals
.......................................................................................................................... 113
17.2. Civil liability issues
................................................................................................................................... 114
