Douglas Lahnborg

Partner

Brussels


Read full biography at www.orrick.com
Douglas Lahnborg's practice focuses on EU and UK Antitrust and Competition Law.

Douglas has represented clients before the European Commission and the Competition and Markets Authority for more than 20 years in all areas of competition law. He provides multinational clients with innovative solutions on high-profile complex matters including merger control, abuse of dominance, private damages actions and cartel investigations, often involving multiple jurisdictions. He founded our Brussels office. 

Douglas has acted for clients in a broad range of industries, including software, technology, telecommunications, manufacturing, consumer goods, energy, healthcare, defence and national security.

Douglas features in both the Chambers UK and Chambers Europe editions where he is recognised as a leading antitrust and competition practitioner. He is known for being "skilled, easy to work with and very service-minded" Douglas is also ranked as a leading competition lawyer in Legal 500.

Posts by: Douglas Lahnborg

Bank Resolution in Greece

The result of Sunday’s referendum (July 5, 2015) which rejected the latest proposed bailout by the European authorities was unequivocal. The next steps in this crisis are far less clear, ranging from a swift renegotiation of the terms of the bailout together with an injection of liquidity into the Greek banking system in the most benign scenario to, at the other end of the spectrum, Greece exiting the Eurozone and attaining “pariah status” in the international capital markets.

In this client alert we focus on one aspect of the issues facing Greece – the liquidity crisis facing the Greek banks. We discuss bank resolution procedures available to the Greek authorities.

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Implications for the Imposition of Capital Controls in Greece

Introduction

Following the recent event over the weekend (27/28 June 2015), we set out below a short guide on the current status in Greece.

Background

Months of negotiations on a deal to restructure Greece’s debts appear to have failed. Greek Prime Minister Alexis Tsipras has called a referendum for 5 July 2015 on the draft bailout proposals (the “Proposals“) from the EU[1]. Mr Tsipras government will campaign against the Proposals which required a number of measures relating to VAT increases, budgetary restraints, pension reforms and privatisation measures.  On Saturday 27 June 2015 Eurozone finance ministers refused to extend the current EU bailout programme which expires on 30 June 2015. In response on Sunday 28th July 2015 the Greek government announced the imposition of capital controls.

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