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.
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.
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 IAG law firm in Greece has successfully represented the Board of Alpha Bank before the Athens Court of Appeals in a dispute involving charges of breach of trust in relation to multi-million loans granted to, according to IAG, a “well-known publishing company and its principal that ran into financial difficulties.”
Zepos & Yannopoulos has advised both the buyer and the seller on Greek aspects of the acquisition by MacGregor, a subsidiary of Cargotec Oyj, of the marine and offshore businesses of TTS Group ASA for approximately EUR 87 million. Norway's Wikborg Rein law firm advised TTS Group ASA and Norway's Bahr law firm advised Cargotec’s MacGregor.
Zepos & Yannopoulos has advised CarVal Investors in its acquisition of an unsecured non-performing portfolio of credit cards, consumer loans, small business loans, and small & medium enterprises loans with a total principal amount of almost EUR 1.2 billion from the National Bank of Greece. NBG was advised by Karatzas & Partners.