Chronic delays and procedural inefficiencies are key issues plaguing Greece's judicial system, according to Bahas, Gramatidis & Partners Deputy Managing Partner Dimitris Emvalomenos, despite past and recent changes aimed at improving legal proceedings.

Lambadarios has advised Brook Lane Capital on their joint venture with Hellinikon, a Lamda Development subsidiary, to develop a mixed-use tower in the Hellinikon region. Dryllerakis & Associates advised Lamda.

Lambadarios has advised Hines on the submission and successful approval of the EUR 200 million Apollo Hills project in the Athens Riviera as a strategic investment.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

As the year 2024 unfolds, Greece stands as a shining beacon of opportunity in the energy sector, particularly in the realm of renewable energy. The Greek energy market has undergone a profound transformation in recent years, embracing a diverse and sustainable energy mix that positions the country as an attractive investment destination.

Bernitsas has advised Vivartia Holdings SMSA on the issue of a EUR 25 million bond loan.

Zepos & Yannopoulos, working with Cyprus-based Chrysostomides Advocates & Legal Consultants, has advised DECA Investments AIFM on the acquisition of a minority stake in Odyssey Consultants Limited.

Bernitsas has advised Citigroup Global Markets Limited on the successful placement of 4 million shares (amounting to approximately 3%) in Jumbo SA.

Papapolitis & Papapolitis has advised Intracom Holdings and its full subsidiary Intracom Properties on the EUR 46.5 million acquisition of Europa Insurance.

The Real Estate Practice has been pivotal for AKL Law Firm, according to Managing Partner Helen Alexiou, with tourism, as a cornerstone for the economy, fueling an influx of international investors.

Bernitsas has advised Eurobank, Piraeus Bank, Alpha Bank, Alpha Bank Cyprus, Pancreta Bank, BNP Paribas, Intesa Sanpaolo, and Unicredit on the amendment and extension of the existing bond loans issued by Elpedison Power Generation up to the amount of EUR 214 million.

Drakopoulos has advised the Union of European Football Associations on a brand enforcement project in relation to the UEFA Europa Conference League Final, held on May 29 in Athens, Greece.

Kyriakides Georgopoulos has advised Starvert Energy on land rights issues, development services agreements, and corporate matters for the development of its Greek portfolio of photovoltaic and battery storage projects with a total capacity of 900 megawatts.

Kyriakides Georgopoulos, working with Vinge, has advised the EQT Investments group on its public offer to acquire Swedish renewable energy company OX2 for USD 1.51 billion through an SPV.

Kyriakides Georgopoulos has advised General Atlantic on its tender offer for the acquisition of the free-float shares in Greek issuer Epsilon Net, listed on the Athens Exchange.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. Given the dynamic and ever-evolving nature of the legal profession, we asked: What is the one critical skill that you’re investing time and energy in to develop within your team, and why?

Tourism in Greece is flourishing, and with international tourism expected to reach – and exceed – pre-pandemic levels, it is no wonder that investors from all over the world are flocking to Greece.