Major steel company wins against Greek power state monopoly


The Firm has successfully represented a major steel company in its dispute against the Public Power Corporation before the Athens Court of First Instance. The dispute concerned the damages incurred to the client due to the unilateral and arbitrary decision of the public power company to increase the electricity supply market tariffs by 10% in July 2008, at the offset of the deregulation of the electricity market. The Court found that the unilateral increase of the market tariff was in breach of competition law and awarded damages to the client.