The recent decision no. 35/2022 issued by the Hellenic Data Protection Authority (HDPA) on July 13, 2022 (Decision), marked a record-high EUR 20 million fine against US company Clearview AI Inc. (Clearview). This Decision adds even higher pressure on Clearview, on top of other data protection authorities’ (DPAs) relevant decisions (French, Italian, British), while a similar decision is expected soon by the Austrian regulator, all as a response to a series of complaints filed by an alliance of non-profit privacy-driven organizations.

Lambadarios has advised lead arrangers National Bank of Greece and Piraeus Bank on a EUR 680 million project financing facility for the Eldorado Gold Corporation towards the development of the Skouries project in Northern Greece. Liberopoulos and Milbank reportedly also advised the banks. Karatzas & Partners and Texas-based Bracewell reportedly advised Eldorado Gold.

Koutalidis has advised Matthew Gregory Kaminski and Mikhail Gregory Kaminski on the acquisition of 90% of the share capital and voting rights in Greek Superleague football club Panetolikos FC from shareholder Fotios Kostoulas.

Zepos & Yannopoulos, working with the German offices of Taylor Wessing, has advised Triathlon Holding on the sale of 51% of its share capital to the Sunlight Group.

Reed Smith has advised Alpha Bank on the EUR 32 million financing for a 27-megawatt onshore wind project developed by Valorem subsidiary Anatoliko Askio-Magoula of Greece. Watson Farley & Williams reportedly advised Valorem.

Bahas Gramatidis & Partners has advised the Hellenic Republic Asset Development Fund on the launch of a Greek Ministry of Development & Investment project titled New Industrial Parks.

Kyriakides Georgopoulos has advised Frigoglass on an up to EUR 55 million interim financing from the holders of the existing senior secured notes due 2025, with the funding to be used for debt and capital restructuring.

Zepos & Yannopoulos, working with Gide Loyrette Nouel, has advised France's Le Collectionist on its acquisition of local luxury accommodation operator The Greek Villas.

Kyriakides Georgopoulos has advised a Korkia-funded partnership – including local developers GH Energy and AA Sunshine – on the acquisition and development of a photovoltaic project pipeline in mainland Greece and Crete with a targeted total capacity of 1 gigawatt.

The Lambadarios Law Firm, working with Bracewell, has advised Fotowatio Renewable Ventures on its acquisition of the majority stake in a 600-megawatt battery storage platform in Greece.

The KLC Law Firm has advised Taiped on its sale of a property in Nea Iraklitsa Kavala to Iraklitsa A.E. for EUR 91 million.

Bernitsas Law, working with Allen & Overy, has advised Piraeus Bank on its EUR 350 million issuance of senior preferred bonds and on their listing on the Luxembourg Stock Exchange’s Euro MTF market.

Zepos & Yannopoulos, working with White & Case, has advised Intrum and Intrum Hellas on the securitization transaction involving Piraeus Bank's Sunrise III non-performing loan portfolio with a total gross book value of EUR 500 million.

On November 18, 2022, Zepos & Yannopoulos announced that Hoist Finance’s acquisition of a portfolio of unsecured non-performing loans with a total outstanding balance of approximately EUR 400 million from Alpha Bank (as reported by CEE Legal Matters on July 28, 2022) has closed.

Zepos & Yannopoulos has advised V-Group’s energy branch, Green, on the execution of a non-vertical long-term power purchase agreement with Heron Energy for the sale of energy generated from a 9-megawatt solar plant over a 12-year term.

Koutalidis, working alongside White & Case’s London office, has advised Wren House Infrastructure on its USD 88 million acquisition of equity stakes in Turkish EV charging station company Zorlu Enerji and its Dutch subsidiary, ZES NV. 

Former Calavros & Partners Partner Dimitris Babiniotis has joined Zepos & Yannopoulos as a Partner and Head of Dispute Resolution.

Bernitsas Law has advised Helleniq Energy Holdings on the EUR 33.5 million joint financing of its subsidiary Hellenic Petroleum Digital by Alpha Bank and the Recovery and Resilience Fund.