We’re proud to announce that VDI Law Firm has successfully advised a company active in the production and trade of electricity, including the operation of a small hydroelectric power station, on a landmark corporate transformation.
Under the framework of Law 4601/2019 and the recently enacted Law 5162/2024, our client completed a common demerger by way of which the company was dissolved without liquidation, and its assets were transferred to two newly established entities via universal succession.
What sets this transaction apart is its asymmetric structure: each shareholder received shares in only one of the two new companies. This, combined with the strategic application of thefavorable tax provisions of Law 5162/2024, enabled a clean and efficient business split, while securing significant tax benefitsfor both the beneficiary companies and their shareholders.
Congratulations to all team members involved in bringing this complex and innovative transaction to a successful close