Kelemenis & Co. wins moral damages claim for certified public accountant against the Greek Capital Markets Commission

The firm has won a moral damages claim against the Greek Capital Markets Commission on behalf of a certified public accountant of an international auditing firm. The claim arose from the tortuous conduct of the Greek Capital Markets Commission which accused the public accountant (auditor) of contributing to the stock manipulation of a listed super markets chain and imposed a heavy fine upon him. Initially Kelemenis & Co. dealt successfully with the annulment of the fine as groundless and then moved to raising a tortuous claim for moral damages against the Capital Markets Commission. The recent ruling awarding moral damages to the certified public accountant is understood to be the first of its kind in Greece.