White & Case and Zepos & Yannopoulos have advised Centerbridge Partners, L.P. and Elliott Advisors UK Limited on the acquisition of a EUR 900 million portfolio of secured non-performing small business lending and SME loans secured by Greek real estate from the National Bank of Greece. Karatzas & Partners reportedly advised the NBG on the deal.
There's a high level of activity in the Greek energy sector, says Dimitris Assimakis, Partner at Norton Rose Fulbright in Athens. “Renewables are going to be huge in the near future,” he says, “mostly due to the fact that Greek authorities have put forward an ambitious plan to have the share of renewables in the final gross electricity consumption at 60% by 2030.“ According to Assimakis this doubling of the current 29% share will require “a very aggressive investment program – mostly from the private sector.”
Koutalidis has advised Alpha Bank S.A. on matters of Greek Law related to its issuance of a EUR 500 million Tier 2 subordinated bond.
Zepos & Yannopoulos has advised ZOIA, a Greek real estate investor, on the acquisition of 16 real estate properties in Athens from various unnamed sellers.
The Kyriakides Georgopoulos Law Firm has been chosen by State Grid International Development Limited as its exclusive legal advisor in Greece, following what the firm describes as "a competitive negotiation tender process organized."
Stamatis Drakakakis has joined Zepos & Yannopoulos' Antitrust & Competition Law practice.
Ioannis Giannakakis, Co-Founder and Managing Partner of the G+P Law Firm, has become Group General Counsel at The Andromeda Group.
The KLC Law Firm has advised Forum S.A., a Greek company specialized in the field of trade show organizations and trade magazine publications, on the acquisition of an 80% stake in the NuernbergMesse Group.
Koutalidis has advised the Southbridge Europe Mezzanine investment fund and other unidentified sellers on the sale of the Arivia group to Upfield.
Kyriakides Georgopoulos and Freshfields Bruckhaus Deringer have advised the Hellenic Financial Stability Fund on a long-term strategic partnership between Piraeus Bank and Intrum and the establishment of a credit management servicer in Greece.
Zepos & Yannopoulos is advising Mohegan Gaming and Entertainment, a US gaming industry group, on its participation in an international tender for the concession of a casino operating license in the Hellinikon – Ag. Kosmas Metropolitan Pole, which was launched in February 2019 by the Hellenic Gaming Commission.
Machas & Partners has advised Greece's EUROXX Securities S.A. on the delisting of its shares from the Alternative Market and its listing on the Main Market of the ATHEX Stock Exchange.
Economic recovery, growth, and FDI are the main themes of the Greek market, where, after nine years of recession, the economy is beginning to shift and grow.
Virginia Murray is a partner in Watson Farley & Williams’ International Project & Structured Finance Group and is Head of the Greek law Corporate, Projects and Finance practice in the firm’s Athens office. She graduated from Cambridge in 1989 and moved to Greece and qualified as a Greek lawyer in 1998. She is fluent in Greek.
In the October 2015 issue of the CEE Legal Matters magazine we spoke with Eleni Stakathi, the Head of Legal at Upstream in Greece. We decided to check in with her and see how things had changed in the last four years.
Greece is slowly recovering from the economic crisis – although even “crisis” hardly seems to capture the depths of the country’s economic plummet – that plunged the country into financial lockdown, with massive restructuring commitments to the Troika, record unemployment, and nose-diving foreign investment. With the darkest days of recession now past, and with a new government in power, the country finds itself peering forward, hoping that the light it sees coming towards it through the lingering fog is the sun of a new day … and not an oncoming train.
The Koutalidis law firm has advised a consortium of banks led by Goldman Sachs and Credit Suisse on a EUR 500 million fixed-rate unsecured bond issue and tender for notes purchase by Hellenic Petroleum. The bonds are listed on the Luxembourg Stock Exchange.
The Koutalidis law firm has advised a consortium of banks led by Goldman Sachs and JP Morgan on a EUR 525 million high-yield bond issue by WIND Hellas group and on the signing of a new EUR 75 million revolving credit facility.