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Past and recent records of litigation proceedings before first instance courts in Greece reflect an unfortunate reality: severe delays in case trials, most of the times coming as a result of lengthy hearings and an ever-expanding caseload, as well as many consensual or disputed trial adjournments or ex officio adjournments due to fortuitous circumstances (strikes, elections, etc.).

KG Law Firm has announced the promotions of Panagiotis Pothos to Equity Partner and Evangelia (Evi) Dimitropoulou to Salaried Partner.

In The Corner Office, we invite Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. For this issue, we asked them to describe the first major deal or client matter they generated themselves, and how they did it. 

24-25 April 2017, London, United Kingdom

This marcus evans event will consider how banks can overcome the operational challenges of complying with the GDPR, in particular challenges presented by legacy systems and the top three legislative changes.

The firms of the SEE Legal network are reporting that they worked alongside Skadden Arps in advising BA Glass I – Servicos de Gestao e Investimentos S.A. (the parent company of BA Vidro S.A.) on its acquisition of substantially all of the Yioula Glassworks SA glass container business from Yioula Glassworks SA and its subsidiary Yalos Holdings (Overseas) Limited. Yioula Glassworks was supported on all legal issues by Winston & Strawn.

Ince & Co has advised longstanding client GasLog Ltd., an international owner, operator, and manager of liquefied natural gas (LNG) carriers, on a sale and purchase agreement to acquire a 20% shareholding in Gastrade S.A. A.S. Papadimitriou in Athens provided Greek law advice to GasLog, and Norton Rose Fulbright advised Gastrade.

Potamitis Vekris has advised the Hellenic Republic Asset Develoment Fund on the EUR 400 million sale of the Astir Palace hotel complex in Athens by it and the National Bank of Greece to Apollo Investment ΗoldCo, a subsidiary of Jermyn Street Real Estate Fund IV LP. The National Bank of Greece was advised by the Alexiou-Kosmopoulos Law Firm, while M&P Bernitsas advised Apollo Investment HoldCo.

Since the onset of the Greek sovereign debt crisis and in the midst of non-stop negotiations with the European Commission, the European Central Bank, and the IMF, Greece has been instructed to apply tight fiscal consolidation measures and implement a series of structural reforms to improve its competitiveness and boost its growth in return for desperately needed financial assistance and securitization of its bail out.

"Non-performing loans (NPLs) in Greece are of tremendous size," says Stathis Potamitis, the Managing Partner of Potamitis Vekris in Athens. "Perhaps up to 120 billion euros are tied up in NPLs — maybe as much as 50% of the total loan portfolio, with another 70 to 80 million euros due to the state." These assets are generating significant international interest, of course, and many funds are coming to Greece to explore the possibility of investing. As a result, the Greek government is working to create a manageable and attractive legislative and regulatory environment for their transfer.

In The Corner Office, we invite Managing Partners at law firms from across the region to share information about the strategies they employ to keep their teams motivated, effective, and focused. For this issue, we asked them to reveal what sorts of firm retreats and activities they host and/or organize for their lawyers.

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Greek Knowledge Partner

Drakopoulos Law Firm has been providing consulting and legal advice to businesses since 1992. The Firm possesses extensive resources and know-how to cover a wide range of services and handle substantial and complex transactions. Our highly skilled lawyers provide professional services and legal expertise, highly prioritising the interests of both our domestic and international clientele and being dedicated to their successful operation. With an offering of legal services across 11 countries out of three main offices, Drakopoulos Law Firm is strategically positioned to serve clients with presence or interests in the entire Southeast Europe region.

Firm's website: www.drakopoulos-law.com

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