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http://www.nb.org e-mail: info@nb.org

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online 1998

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, . - , - 1.

1. ( Internet): 99 ( 99), . , - .

1999 - 2004. 1999 . (- ) - . 1,5 . , 4,6 . - , . - 23 . , - . -

-

. , , . , , . , . , , - . , , , ..

, -

,

Every state allows the Stock Exchange operation. The Stock Exchange is relative to banks a space of easy pumping of low-cost funds used by limited companies into productive invest-ments. The funds are notoriously the heart of economic life and a lever of economic development of a country. Individuals undertake the investment risk and offer their funds in the Stock Exchange, spurred by the desire for profit. However, in the Stock Market are lurking risks for the ignorant and in-experienced small investors who buy with good faith shares-bubbles and they stay for a long time trapped at low prices or fearful rushing to sell their shares in degrading price be-cause of a bad news that causes panic. These risks are gener-ated by the criminal behavior of some individuals, which in order to gain illegal property benefits commit fraud, abuse of confidential informations for the acquisition or disposal of shares, market manipulation, etc.

240 . /.

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(= - , ), , - , - , . -, , , , . - - () , , , , , - ...2 3. , ,

, . -. , - . . . - , 34 3632/1928, - , - , 2/2004, www.areiospagos.gr ( - : 12/7.4.2003 - 458/2003 ). ( 6459/2013) , 20.1.2015 , .

2. . . , , 2010, . 35 ., 193 .

3. -. (- ), , . , , , - - . , , -

, - -, ( -), - , - (short-selling ..). - , - , , , , , - , - .. -, !

:

1. , , , , , (), - ( 13 2190/1920 ), (5 ) - ' 30.000.000

. , , - . , - , , ( , ), - ( , , - ). -, , . , . , . - , .... ( ), - ( ) ..: . . , - - -, 1999, . 15 ., . . /.. /. . , - , . , 2001, . 83 ., . , - , 9 , 2000, . 210 .

241

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- - . , (- , - ..), , , , - - . 10 . - - 0, 50 . , ( - 2.000.000 ), , 100% , . , - - . , , , ;4 - , ( 386 . 1, 3 ), -

4. - . , , - - , ( ), , , . 15.329.500 . , , 1 -, 1.500 3.000 8, 80 - , 4.500.000 , 2001 . -, . - , 25.000.000 . (73.000 .), 120.949.755 : . 1056/2008, www.areiospagos.gr.

( 30 3340/2005) ( 375 ).

2. 1529/2008, www.areiospagos.gr: - , , - , -: ... , 1, .. , 1999 -, 2, ..., - (-) , , ' - , , , . - -, , - , 2, , - - , 1, , - , - , - , . - - . , - , - , . , 1 - , , - - 2 , - , , (

242 . /.

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, ) ... 4 3, - LEAD CAPITAL , - 2, - , - 2, ... 2 - , , - , - , . - - - , ..., ... . , - , -, , . , - 17.9.2007, 14.9.2007 19.9.2007 - ( - ).

3. 1964/2008, www.areiospagos.gr: - , ' . 10913/2005 () , : 25.6.1999 - 1, 2, 1 ( ) ( ) 420.272 , - 85, 06% - , , -, , -. , ( ), 95% offshore EFG EURO FINANCIERE D' INVESTISSEMEN , - , () - -

, ' 11 350/1985, - , - - , . (1, 2 ) , , , 1.7.1999 - , , , . - 2.7.1999, . , - 2.7.1999. - 2.7.1999 28.7.1999, , 36.550 , - 8, 26% . - , - 26.350 , 2. - - , , o - , - , . , 1347 - 2.7.1999 28.7.1999 - - (limit-up), - - . , . , , - , , -. -

243

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, - , 25.6.1999 28.7.1999 11, 39%, 443%. - - , , , - , . - , - - - 25.6.1999 23.3.2000 9.080.887.133 , 8.468.658.798 . 873.913.825 13.7.1999 30.3.2000. - .

4. 1085/2006, www.areiospagos.gr: , - : . - , 1.1.1999 - 18.6.1999 ( ), , ( ) - , - . - , , 12.000.000 , ( 80%) ' - - . , , , ( ), , -, ( , , - ), - () - , .

- , 2.230 -, 1999, 6.000 18.6.1999 ( ). - . , . ( ) - , . . - . , -, , . , - - . , ( 1999), - 9.000 , - 1.130.000 . ( - -- - ). , , ( ), ( ) , 9.000 , . , 93 . 3 . 139 - , - -, , - MIDLAND , , - , , . , 510 . 1 . , - - 34 . 3632/1928, .

244 . /.

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5. 1280/2007, www.areiospagos.gr: - : - 1 30.000 6.5.1999 40.000 ... 3.5.1999 4 , 6.5.1999 , LIMITUP, 1 LIMITUP - LIMITUP . - ... - - 72 . 2 1969/1991 - 12.000.000 . , ' - ... - ' - . ... ... 19 , - ... - 1999 17.2.2000 24.3.2000 - . - - , - , - ... - ... - ... -

6.076.158.530 , ... ... 2.640.692.240 ... 8.395.980.600 . - ... , OFF SHORE - , - MIDLAND ... ... - OFF SHORE ... ... - . 27 2006 ' 13 2007 1 . 8069/2006 ( ).5

II. 3340/2005

1. ( ):

29 N 3340/2005: 1. - , , , , . 2. - ' - : () () -

5. 12.000.000 - , - , - . ; , . , - , ( 76 . 1 : 1. - , , , - ).

245

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( - ).

30 N 3340/2005: 1. - -: () () , -, , - , . 2. ' - 6 : () -

6. 13 . : ' , - . , - - . ; , ( 2408/1996), -, - ' , , , - , . - - , . ' : , - - - . - - , , -, - , - . , (, ..), (.. ), - (.. , , , , , ), - , -, - : . . -, ' , 1990, .

() - (- ).

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50 ., 157-186, . , ' - (. 13 . ), 1996, 1244, . , - , 1999, . 160-167, . /. , , 2013, . 39 . . . . , , ' , , 2011, . 2043 ., . - . , , ' , , 2011, . 157 ., , - ' - , ' ' - .

246 . /.

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. 9. - 20 21 663/1977 ( 215).

32 3340/2005: 1. : () 53/1992 ( 22) , () 13 . 2 3 72 1969/1991, () . () . 5 5 350/1985 ( 126), . () () - () () , () . () . 4 6 350/1985, . (), () () (), () () , () . 5 5 51/1992 ( 22). 2. : () . 1 72 1969/1991, 73 1969/1991, 33 34 3632/1928 17/26 30 , () 30 1806/1988 ( 207) - 29 . 78.

7. . - . , , 2014, . 361 ., 379.

8. - 3340/2005 , , - . , .. 1 , , , , , - , 3 6 , , - 7, , - . 6 2 2396/1996 ( 73), ' - : () (), . 3 2 2396/1996 , - . 1 2 2076/1992 ( 130 , () , . 1 3 . () . 1 30 2396/1996, : () - ( ), . 1 2 2396/1996 .. 21 . 23 . 3340/2005 , .. - . - - - , ' 1 3340/2005 : 2003/6/

2.

29 30 3340/2005 , -, 3 6 -, , - 7. 9 ( - , -), . ( 10 , - - ). -

28 2003, - ( ), L 096/16/12.4.2003, 2003/124/ , L 339/ 70/24.12.2003, 2003/125/ , L 339/73/24.12. 2003 2004/72/ , L 162/70/30.4.2004.

9. (Kapitalmarktstrafrecht) - (Wirtschaftsstrafrecht), , , - , , -, , , , ..: . Christian Schrder, Kapitalmarktstrafrecht, 2010, Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, Petra Wittig, Wirtschaftsstrafrecht, 2014.

10. - - - , - , , . . , , , 2007, . 216, . /. , . - , 2015, . 5, 133, 300, 342, 402. . 677/2009, www.areiospagos.gr, 1608/1950 , 1706/2009, 2010, 576 ., 242 . 3 ( - - , , ).

247

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( 18, 26 ), - , 11 - 12.

, - , - - ( , - ) - - (das ffentliche Interesse an der Sicherung der Funktionfhigkeit des Kapitalmarkts), - . -- - , (ein complexes Rechtsgut, das individuelle und berindividuelle Elemente aufweist), - - 13.

- (Handeln von Insiderinforma tionen, verbotenes Insiderhandeln) ( -)14 -

11. 27 . 2 . : - , .

12. . . , , 2012, 408 ., .

13. . Petra Wittig, Wirtschaftsstrafrecht, 2014, . 478, 491, Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, . 14, 31 ., Hans Kudlich/Mustafa Temmuz Oglakcioglu, Wirtschaftsstrafrecht, 2011, . 123 ., . , , 2012, 408 ., 410, . , , 2014, . 339, 362, .

14. 3 3340/2005: 1. , , 6: () , () - () , () - , , - , , . 2. . 1 , - . 3. - - ,

, , , , . 2 29 3340/2005 , - : ' - : () - () . , ' - , - , , .

( 15) - 6 3340/2005: 1. : () , : () - - , ) - - , () , () , , - , () , - -

. , 5 3340/2005 , 3 4 , 3 4, - , . - : . . , , 2014, . 339 ., 345 .

15. . . , , 1995, 279 ., . , - : - - , 2002, 1558 ., . , - , 2005, 176 ., . , , 2014, . 339, 348.

248 . /.

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, , .

- ( ..) (- ). - .. - , - , - 16. - , -, , - .. - . 17. - : , - , - , - 18 .. - - 19.

16. . U w e H e l l m a n n / K a t h a r i n a B e c k e m p e r , Wirtschaftsstrafrecht, 2013, . 18, 20.

17. . . , , 2014, . 354, .

18. . . , , 2012, 408 ., 410, .

19. - 1384/2008, www.areiospagos.gr: -, ' . 5733/2007 () - : 21.2.2000 - , LAIDLAW GLOBAL SECURITTIES INC ... 51% , , .. , -, , 10.3.2000. , , . 28.3.2000 34% LAIDLAW GLOBAL SECURITTIES INC - 5.500 . , -

-

7000 . , , - 22.000.000 . LAIDLAW GLOBAL SECURITTIES INC, 16% , - , - . , , , - ( - ) . - ... LAIDLAW GLOBAL SECURITTIES, 1.4.2000, , 28.3.2000, - , - , . , , , 3.4.2000, 25.5.2000 45% , - . - 2000 . , . - LAIDLAW GLOBAL , - , - 150.000.000 . - LAIDLAW , LEAD CAPITAL LAIDLAW - -, . - -, , , , (51% 34% -) ( ). , - -

249

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- - , - . , - .

-: 1) , - (). , - , , . - - , , , . . 2) , 100.000 , - , - - (10.000.000 ), - (3.000.000 ), - (17.000.000 ) , 15.000.000 . - 20

' 27.3.2000 6350 28.3.2000 30.000 5500 . 30.3.2000 - 28.4.2000 , -, , 22.000.000 . , LEAD CAPITAL - , . . - 93 . 3 . 139 .

20. , - . 10 3340/2005: 1. -

50% - . 3) - -. , - , -, , . 20 , - 30 , 310.000 . .21 4) - - . , . , . 29 . 1 3340/200522.

. 2. - , - (6) , , - . 11 3340/2005: 1. ' , - , , - - . 2. , , - , -, , - , - - . , . 3. , - - .

21. . Petra Wittig, Wirtschaftsstrafrecht, 2014, . 480, .

22. . 1185/2013, www.areiospagos.gr , ' . 10386/2012 () - :

250 . /.

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- (verbotene Marktmanipulation) - ( 23 - - = ) - ( ) - ( ), , - , -, , . 2 30 3340/2005 , - :

/ - - Calyon, - 12.12.2005 13.12.2005 , 5.12.2005, . - ' . 5603/17.12.2007 , 5 3 3340/2005 - . , . . /2302/4.2.2008 , - - () , , , 7.12.2005 Calyon , ( - Calyon), - - , - - (12 13.12.2005), , , 5.12.2005, 1.700.000 , - Vidalient Corporation, - 12 13.12.2005 (383.213 502.514 ). - 150.000 , Vidalient Corporation , (- 500.522 ), , - , , ' , . 2005, ( ): 1.12.2005 0,27, 29.12.2005 0,54.

23. .

' - : () - () - . , ' - , - , , .

7 3340/2005 - : 1. . 2. : () , , -, , - , - - , () - , / - , () , - -, , , . , , - , , , - . 3. . 1 2 : () , - , - , - -, () - , () , , -

251

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, , , - , , , - - , () , - , , . .

. - - , , , - . , - , ( ), - 24.

: 1) , , ( ) . 2) - - , , - - , . 3) - ( -), , . ..

24. . . , , 2014, . 364 ., 109/2013, , 110/2013, , 111/2013, , 103/2014, . . . , . - , 2013, 46 ., 52 .

25 ( -

25. . . , -, 2012, 411, 1245/2005, 2006, 222 ., - , . , - , - , . . 440/2013, www.areiospagos.gr , - -: , 4302/2012 .. , . -, - : (..) -, . 1.11.2004 31.12.2004, - .. .. , - , .. - , - - , , () . 1.11.2004 12.11.2004 - +92,45% ( .. +4,48%) - 337.274 , - 15.10.2004 29.10.2004 88.676 +280,34%, - , - - , - 25.11.2004 31.12.2004 - +40,54% ( .. +8,22%) - . - .. .. , , .

252 . /.

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) - , (: - ) ( ), - (). .. -

. , - .. , , - . , - . - , -. , - , , , - . - , - , , , - - . . - - .. , , - - , , - , . , - - . - , 72 1969/1991, 30 3340/2005 - ' 2 . , 4302/2012 , , - .

, . 4). , - , 26.

- , . - , , - -. , , - . - 27 . - , - , - , - -28. , -

26. . Christian Schrder, Kapitalmarktstrafrecht, 2010, . 487 ., Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, . 42 ., Petra Wittig, Wirtschaftsstrafrecht, 2014, . 494 ., 497, . , (.), 2001, 123 ., . , . - , 2013, 46 ., 52 ., . , , : , 9 , 2000, . 347 ., 354 ., . , , 2014, . 366 ., .

27. , , - , - - , - , : 1126/2009, .

28. . Petra Wittig, Wirtschaftsstrafrecht, 2014, . 492: Irrefhred sind Angaben, die zwar inhaltlich richtig sind, jedoch durch ihre Darstellung beim Empfnger der Information eine falsche Vorstellung ber den geschielderten Sachverhalt nahe legen. Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, . 29 ., 34, -.

253

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, , . - - - (, ..: 42 2190/1920) ( , - ) -29 (. 1302/2007, ), . .. () - - - - ' 30.

. 30 3340/2005

1. , . ( Chatrooms Websites) , , , - ( ) - , - - , - . - 140.000 . 30 . 1 3340/2005 -31.

2. - ( 70% ) , , ,

29. B. Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, . 29 ., 33 ., 37 ., 155-175, -.

30. . U w e H e l l m a n n / K a t h a r i n a B e c k e m p e r, Wirtschaftsstrafrecht, 2013, . 34 ., 155-175, . , , 2014, . 370 ., - .

31. B. Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, . 33 .

20.000.000 , ( - ' ) ' . (), (), , - - , - - . . - (3.000.000 ), - - (1.000.000 ), (2.000.000 ) - , 14.000.000 . - ( 20.000.000 ) 7 . - , 30 . 1, 2 3340/2005. , - ( ) , , - 70% , , ' ( , - , - ), , , 70% , - ( ), . - , - ( 386 . 1, 3 ). ' (- 98 . 1, 2 ), - - .

254 . /.

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3. -. , (- ) 500 . . 2013 35 . , , , - . , - . - . - - 64 . 2013 , 310.000 . 28 . - , 28 , - 30.000 , 32. - - , 30 . 1, 2 3340/2005. , () , , , - ' - ( - , - ), (

32. - Scalping Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, . 69 ., . Scalping, , , , . Petra Wittig, Wirtschaftsstrafrecht, 2014, . 482 ., Hans Kudlich/Mustafa Temmuz Oglakcioglu, Wirtschaftsstrafrecht, 2011, . 125.

) - ( 300.000 ). , - ( ) 30.000 , ' ( 98, 390 ), - (. 27 . 2 : , - )33.

4. (hedge fund = o ) - 40.000.000 ( AE), 8 . - . - 20 - , 3-4 . , () , , - . - . 3-4 , , - . - - , - 20 , , (. ). - 20 -

33. - - . ( 15, 390 ) - 18, 22 22 2190/1920 . - -. (duty of care) (duty of loyalty): . . . , , ' 2190/1920, 1, 1-35, 2010, . 978 ., . 765/2005 2005, 819, 4820/2006 , 592, 2/2009 2009, 546. . . 239/2010 2011, 585.

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15 . , 100% - - . - , 30 . 1, 2 3340/2005. , - , - , , - , , - ' ( - , , , - - ), , , , 34.

34. . - . , - -. , , 2004 2007. , , - - . . , , . 2010 , - . - ( ..) . . 3167/2014 (- Internet 27.10.2014): , - , - 232/2011 - , 49 56 ( 43 49 ). , ,

5. (hedge fund) - . 2011 25 - - , 12 , , - (short selling, short sales, , ). , , , , , , 12 8. , , - , - , 5.000.000 ( !). - 35

- , - , , , - , , - . , , , . , - 4002/2011, 4038/2012 4141/2013, - , - , -, .

35. (short selling shorting going short ) , -, - ( ), -. -short - , , . , - short . -short , - . -

256 . /.

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, 30 . 1, 2 3340/2005. , - , - , , , , ( ) - ' ( - - , - , - ), , , - , .

6. - 1999 () 36. - , . , . , - , -

, -. , -short - , , : . Internet, Trg, in: Kempf/Lderssen/Volk (Hrsg.), Die Finanzmarktkrise, das Wirtschaftsstrafrecht und die Moral, 2010, . 290 ., 312 ., Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, . 41 ., Petra Wittig, Wirtschaftsstrafrecht, 2014, . 495, -. (....) - ' . 2/652/11.7.2013 ( Internet). . (. - 12.11.2014 : 50 . 150 funds. - - . . . 500 ).

36. : . 6459/2013. , 20.1.2015 , .

, . - -, , - , (Morgan Stanley, Credit Suisse ..) - . 70 : - , , -. , , 200% , , , - 37 -

37. Vermgensanlageberatung ( - ) - - . Hans Kudlich/Mustafa Temmuz Oglakcioglu, Wirtschaftsstrafrecht, 2011, . 81, BGHSt 48, 331 (344ff), 6. Jahreskongress Compliance und Rechtsfragen der Anlageberatung, 24. Oktober 2013 - 25. Oktober 2013. . 341/2010, www.areiospagos.gr, , , - : , , , - , 9.9.1999 , 87.000.000 , - ( ) -, EUROCAPITAL , -. ' - - , - . , - EUROCAPITAL , , , 2000 - - , , , ' () -

257

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, -

, , . , ' , , REPOS . , (-) , EUROCAPITAL , , - , (-) , 87.000.000 . 2000 15.000.000 ' , - . , , - - 31.8.2000 , , 31.12.2000 - , 87.000.000 , - . 31.12.2000, , , ( ) , 940 , 1.222.000 30.3.2001 - - 26.418 . - , - , 9.9.1999 30.3.2001 , - , , - EUROCAPITAL , , , - , , , , - , , -, 15.000.000 , , ' , , -, , , . 87.000.000 , - , , , - , .

,38 , - , - (Morgan Stanley, Credit Suisse ..) , . -, , , , , . ( ), - , - , 20 , 0,20 . , , - ( 1999) - , . ; ( 45 ), ' ' () - . , ( 390 ), .

38. . 594/2010, areiospagos.gr: - 2 , , , , , , , . , , . - , - . -, ' . . - . .. , , , , , , - , - , - 1666 . ( 1611/2010, www.areiospagos.gr) .. - , - , ( 619/1980 1980, 768, . , , 385-406 , 2000, . 222).

258 . /.

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IV.

1.

: ' 386 - -; .

, - :39 ) H (- ). ) H , - ( - : 15 ) , , , - . ) (Stoffgleichheit) - . .) , 40. ) - , - , - 41 ( ). )

39. . . /. , . - , 2015, . 388 ., .

40. . 54/2010, www.areiospagos.gr. 41. . 1464/2008, www.areiospagos.gr (

, , - ), . , , 2000, . 140 ., , , .., . , , , 2012, . 588 ., 602 ., , . . , , ' , , 2011, . 2026 ., . . Schadensgleiche Vermgensgefhrdung (= - ) Johannes Wessels/Thomas Hillenkamp, Strafrecht. Besonderer Teil 2, 2012, . 272 ., 287 ., Petra Wittig, Wirtschaftsstrafrecht, 2014, . 179 . . 114 . (:

( 18, 26 ). , ' 27 . 2 . ( ). ) - ( , - ).

, : H - 386 . 1 K : )

, , - -, ), 183 . ( - : BVerfGE 130, 1, 49), . , ( ) - - : ) - , . - , (Kreditbetrug, ). ) - , 500.000 , - 60.000 , , . - - . ) , ( ) , - - , . - ( - - - , ) (. 2/1984 1984, 683 .). ) , , , 30.000 , (. 116/1990 1990, 973 ., 341/2010, www.areiospagos.gr). - -. - , .

259

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- , - , , - 386 . 1 K, . K, ) - . M , -, - , - , - . A - , -, , -, - --, . O () 386 K , T : H , - - 386 K, , ' -, - . - , , 42.

, -: ... , , - , , 1.1.1999 2.7.1999, , - 1.1.1999 185 - 1999 1.200 2.7.1999 702 . , )

42. . . , - - (.), 2005, 19 ., .

- 1997, ) , ) 1997 1998 , ) - - , . , , , - . 8.131 , 20.740.350 , - , 2/7/1999 , , ' , 25.000.000 14.559.725.700 (20.740.350 x 702 .). ' - , - 25.000.000 73.000 , , , , , - ' : 1) 1, 2 3 ) 1997 1998, ) , ) - ' , 1, 2) 8.131 , - 2.7.1999 - - 14.559.725.700 , 702 20.740.350 , - ( 336/2010, www.areiospagos.gr).

260 . /.

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- , - ,43 - - -, 44 ( ) -, ( - ). ( - - ) - , - , . - ( , - ) - - -. ' ' - , ' - , ( 98 ). , - , (Stoffgleichheit) ( ) - ,

43. Christian Schrder, Kapitalmarktstrafrecht, 2010, -. 621 ., Petra Wittig, Wirtschaftsstrafrecht, 2014, . 498 .

44. . . , , 1998, . 40 ., . , ( - 2003/71/ 3401/2005), 2007, 3 ., . , , 2014, . 104 .

- , - . , - , , 1 . . 9.

2.

389 ( -) : 1. , . 2. - . - . ' (, 587). : - . , - , , - , , - (. , 622). , . , , -- - . , ' - ( 226 ). : - , - , - , , 60.000 . , , . , - 1.000 ( , ). - - .

261

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, - 45: ( ) 150.000 - . , , , , - , 500 . . - () . 1/10 . , , - -. . (= = -, - , ) - - , ( ), ( ). , - - , - , , 46 (. - . 5/2001, 2001, . 34 ., 40 ., , , - - : , - , . ' -

45. . . /. , . - , 2015, . 404 .

46. , - ( , -) , - : . 390 , . ' 27 . 2 . , - .

- () , , . , ( -) , , (= !). , - , .. . . , , , , - - (= ) - )47.

390 () : , - ( -), (3) . (30.000) , . - , . -: , 390 , ( ), -. - -, , , - -. - . , , , - , , - - , , . H , . , - , 36 . 2 2172/1999 ( 27 . 2), , -

47. . . 40 - .

262 . /.

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(. 341/2010, www.areiospagos.gr).

.. - - - , , . . , . - , , , - ( 15 ).

3.

375 () : 1. ( ) - , . - (120.000) , . 2. - - , , . - - (120.000) , -. 3. : ) ) - - .

, - : - : - 1999 - . , ' - . ' 10.000.000 .48 , - ,

48. , .

, () . . ' . 2000 - , - 1.000.000 . , - , , ' 2001. - ' , - . ' , 2001, 10.000.000 ., , , . - ' . , 2001, -, 2001 - - International Creation Developer L.T.D., , (bond) , - , , , () , -. - - , , - 10.000.000 ., , , , - . , - - . ' , , , , . ' . - , , - ' , 2002, - ' , International Creation Developer L.T.D. - ..., , 00001657639773, 50.000 , 4.2.2003 ..., HSBC . , ,

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, - , , , . ... (. ...) : 1) 10.000.000 ., 375 . - , , , - ' , , ...49.

49. . 24/2010, areiospagos.gr: - , - , , . ' 375 . . 594/2010, areiospagos.gr: , . - , , - , , , . 2 , - , -, , , , - , . , , - - . , . , ' . . , -, . - ( ) 300.000 , -, , - , .. . . . . - - . , , -, :

, , , - - , ( 375 . 1, 2 ) . ' . 1577/2005 93 . 3 . 139 (. 1882/2006, www.areiospagos.gr.).

4.

' 406 - - .

50. - : ) - 406 . ) - ' - ( 386 ) (389 ) ( 390 ).

: 5.000 50.000 - ( ). 50.000 , , , - , , - , , , ,

. 2088/2009 2010, 676, 1374/2009 2010, 388, 1110/2008 2009, 358, 1623/2008 2009, 630, 1371/2007 2008, 413, 1967/2006 2007, 820, 115/2004 2005, 32, . . , , ' , 2011, , . 1845 ., . , , 2012, 250 ., . , , 1999, . 40, - - .

50. . . . , , ' , 2011, , . 2184 .

264 . /.

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: ( ) 100.000 - , . , , -, - , , - , , - 100 . . (-) -. 1/10 . , - , . (= - = , , ) , ( ), - ( - ). . ' ( ) (389 )52. , , - - .

51. () . Uwe Hellmann/Katharina Beckemper, Wirtschaftsstrafrecht, 2013, . 52.

52. , ( , - ) , : . 390 , . ' 27 . 2 . - , .

5.

( !) ( ) , , HSBC , , 30.000.000 - . HSBC - , , ( ), , . ; , - , 30.000.000 ;

3691/200853 ( -. 3932/2011), - ( , Geldwsche und Verschleierung unre-chtmig erlangter Vermgenswerte)54. - . : ) 55 - , , ) -

53. . ( 6459/2013) 20.1.2015 .

54. -, - : . Johannes Wessels/Thomas Hillenkamp, Strafrecht. Besonderer Teil 2, 2012, . 453 ., .

55. ' 4 . 9 . . 3 3691/2008 . 3932/2011 , , , -, , , - , ..

265

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, - ( ) ) , , - , , (. 2 . 2, 3 3691/2008). - 3 3691/2008. - ( 235 ) 29 30 3340/2005 - . 45 3691/2008, 46 3691/2008 - : - - 2 - - , , . 2 310 373 , - ...56.

V. PSI

2010 - 2011 , - , - .

56. 45 . 1 : 1. . (20.000) - (1.000.000) -. . - (30.000) (1.500.000) , , ' ' 3 , . . - (50.000) (2.000.000) , ' - , - . . - ( ) , , - - .

( , ), - , - PSI (= Private Sector Involvement = - ). . - . () (12,3 . )57, . , - . PSI -, 20-25 - 14 44 . (-) (!!!) ( 390 ). - PSI - -, - (. 3 . 9 4046/14.2.2012). , - (. 47 . 3-4 .), . , , Banking, , - , - , , 58.

57. . .gr, , 20.4.2012, - : - - PSI 12,3 . - (), - 11,78 . . - 14,8 . .

58. - . ( ), 2000 ' 9.3.2000 10.4.2000 ( , , -, ..) , , ..,

266 . /.

3/2015 18

, - , - , PSI 59. - . , , - , 60, , -61. , .

-, 717 . ( 256 . 1608/1950 - ), , , , . , . : (. 1526/2006 2007, 711, 2937, 3062, 3071, 3101/2007 2008, 153, -, 2849-3597/2005 2006, 447).

59. PSI, -, , . , PSI ( !!!) : ( ) - , !!!. , - , . PSI - , !

60. . . , , 2010, 1634-1666, , - , 2007, 1877-1907, .

61. , , ' . . - . , , 2011, . 406 ., -, , -: -

, - : 115. Nevertheless, the legiti-mate interests of the community in such situations call for a fair distribution of the social and financial burden involved in the transformation and reform of the countrys hous-ing supply. This burden cannot be placed on one particular social group, however important the interests of the other group or the community as a whole (see Hutten-Czapska v. Poland [GC], no. 35014/97, 22562 (= ' , - - . , ). 116. The above considerations are sufficient for the Court to conclude that the Slovak authorities failed to strike the requisite fair bal-ance between the general interests of the community and the protection of the applicantsright of property (= -, - ). 119. There has accordingly been a violation of Article 1 of Protocol No. 1 (= - 1 1). - -

, - - , ' , , - , , . - . ' 12468/2012 ( Internet), : , , , , , - - , ( 14/1999, ) ... , , -, ... - .

62. (Grand Chamber = ), 19.6.2006, Hutten-Czapska v. Poland, . . 35014/97, 225.

267

online 1998

- 63.

PSI -. - , - . PSI - , - . - . , , , , - , , - .. 4 . 5 ., , , - , . , - : ' , - - , . - 64.

63. . , 28.1.2014, Bitto and others v. Slovakia, . . 30255/09, 82 .

64. . . /. , : 3 . 9 4046/2012, 2014, 413-422. . . -, - PSI, , 2012, . 1006 . ' 1501/2014 ( Internet), , , , : 5. , 4 . 5 , - , - , , , , ( 980/2002) ( 5504/2012). , , , , ,

6. , 105 ( 456/1984 - 164) - , , - . , . , - ( ) (- ). - . ( Internet ) . , : 1501/2014 ( , - ): , , ( 45 . 5 18/1989), obi-terdictum 4 . 5 . , - 3669/3006 22/2007, , - , - 20 . 1 . 6 . 1 , 4 . 5 . , , , , , - . , - , , - - . , , . , -, , - , , - . , , ' 4 . 5 ., - . , - - , - ' 4 . 5 . obiterdictum, .