J&P AVAX S.A.
October 29th, 2018
Kyriakides Georgopoulos Law Firm’s competition practise was actively engaged in the representation of leading European construction group J&P AVAX S.A. (turnover exceeding € 500 mil.) in relation to the HCC’s largest-ever investigation, concerning alleged bid rigging in the market of public infrastructure projects The investigation concerned a period spanning over 25 years and related to more than 40 tenders. The case marked the first-ever attempt to reach a settlement in Greece, pursuant to a newly established settlement regime.
KG Law Firm represented the company in settlement negotiations with the HCC, submitted briefs and formal settlement papers. The total value of public infrastructure projects investigated exceeded € 10 billion. The final settlement decision established infringements in projects amounting to € 3 billion. Overall, KG firm takes great pride in its work on challenging the standard of proof deployed throughout the HCC’s investigation. The analytical argumentation was crucial in the reduction of the case’s scope and achieved the first-ever finding of ‘inability-to-pay’ by the HCC.