Souriadakis Tsibris has advised London-based Ardonagh on its acquisition of a majority stake in the Athens-based Special Risk Solutions Group of Companies.

The real estate market in Greece has risen the most in the last years, creating attractive incentives for institutional investors, who are constantly seeking optimal investment structures to implement their large-scale real estate projects. A highly popular investment vehicle among seasoned real estate players has been the Real Estate Investment Company (REIC), which promises investors financial benefits and a more stable and favorable tax regime.

As elections loom large, Greece continues to play to its strengths – with energy and hospitality & leisure leading the charge – while the legislative process has been slowing down and some investors have adopted a holding-pattern approach, according to Papapolitis & Papapolitis Partner Evi Tsilou.

Souriadakis Tsibris has advised the Lappas family on the EUR 18.74 million sale of their stake in KLM S.A. to Intracom Holdings subsidiary Intracom Properties. Papapolitis & Papapolitis advised the buyer.

The last few years have seen a long list of investors turning their eyes to the Greek renewable energy source market and an abundance of new projects being developed throughout the country – to the extent that one would assume an excessive capacity of the Greek distribution network. Sadly, that is not the case. The occupation of grid space has been very loosely regulated for quite a long time, and final grid connection offers (GCOs) have been granted to licensed producers largely on a first come first served basis, and without any specific priority requirements.

The Calavros Law Firm has successfully represented Mytilineos before the Hellenic Competition Commission in a case related to the abuse of dominance by a supplier and the violation of interim measures rendered by the HCC.

Bernitsas Law has advised Pancreta Bank on its investment in Attica Bank.

Advancing renewable energy initiatives, establishing remote companies, and adopting criminal justice reform are currently the key priorities on the legal agenda in Greece, according to Politis & Partners Partner Nikolaos Anastopoulos.

The Calavros Law Firm has advised the Metropolitan College and the IEK AKMI Group on their sale of a majority stake to BC Partners.

As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.

Bernitsas Law has advised Intrakat on its acquisition of Aktor from Ellaktor and Aktor Concessions.

Kyriakides Georgopoulos has advised Viber on providing the Viber Pay service for users in Greece.

Kyriakides Georgopoulos has advised ENI Plenitude on the sale and transfer of a 49% stake in Thessaloniki-Thessalia Gas Distribution to Depa Infrastructure Single Member, in parallel with the privatization process of Depa Infrastructure promoted by the Greek Government.

The Koutalidis law firm has advised the National Bank of Greece on the dual listing of Austrian company Austriacard Holdings on the Athens Exchange and the Vienna Stock Exchange.

Drakopoulos has advised Procaffe on the acquisition of a local distribution network from Sinbrico and the establishment of Procaffe's Greek subsidiary.

Bernitsas has advised coordinator Intrum Hellas on the secondary sale and transfer of the Tethys securitized loan receivables portfolio – originated by Piraeus Bank – to a consortium consisting of SMERemediumCap, Latonia Enterprises, and WHG Europe. Karatzas & Partners advised the buyers.

On March 23, 2023, Tabakov, Tabakova and Partners announced that Delta Foods’ sale of the United Milk Company in Bulgaria to Tyrbul (reported by CEE Legal Matters on September 7, 2022) had closed.

Drakopoulos has advised the Orphee Beinoglou shareholders on their sale of an 80% stake in the company to HIG Capital. Your Legal Partners advised the buyer. AKL reportedly advised Eurobank on financing aspects.