Koutalidis has advised Eurobank, the National Bank of Greece, and Piraeus Bank on the financing for the Hellenic Electricity Distribution Network Operator through the issuance of a bond loan up to an overall amount of EUR 660 million.

Koutalidis has advised a syndicate of Greek banks on the refinancing of the existing indebtedness of Athens International Airport. 

Bernitsas has advised Delta Foods SMSA on the sale of its wholly owned Bulgarian subsidiary United Milk Company EAD to Tyrbul EAD. 

Kyriakides Georgopoulos has advised CC Beverages Holdings II on its EUR 45 million acquisition of Three Cents from S.I.C.C Holding Limited.

Norton Rose Fulbright has advised the National Bank of Greece on EUR 450 million financing of floating storage and regasification terminal off the coast of Alexandroupolis. Bernitsas Law advised Gastrade.

Public procurement in Greece by entities operating in the energy sector is regulated, mainly, by Law 4412/2016 on Public works, supplies, and services contracts – Transposition of Directives 2014/24/EU and 2014/25/EU. Public tenders are conducted via the National System of Electronic Public Procurement and the award of public contracts must comply with the general principles of the Treaty on the Functioning of the European Union, namely equal treatment, non-discrimination, mutual recognition, proportionality, and transparency.

Kyriakides Georgopoulos has advised the German Mercedes-Benz Group on the sale of its Greek subsidiary Mercedes-Benz Hellas to the Swiss Emil Frey Group.

On August 25, 2022, Boyanov & Co announced that Mondelez International's acquisition of Chipita S.A. (reported by CEE Legal Matters on June 1, 2021) had closed. 

Koutalidis has advised MGE Hellenic Investments on its sale of McArthurGlen Hellas to Lamda Olympia Village.

The Lambadarios law firm has advised Hellenic Petroleum on its EUR 90 million acquisition of a 55.2-megawatt portfolio of operating wind farms in Mani from the Copelouzos Group and International Constructional. Norton Rose Fulbright reportedly advised the sellers.

Bernitsas Law has advised Hoist Finance on the acquisition of a portfolio of unsecured non-performing loans with a total outstanding balance of approximately EUR 400 million from Alpha Bank.

Bird & Bird has advised Hungary’s OTP Bank Group on its acquisition of the Albanian subsidiary of Greek Alpha Bank for EUR 55 million. White & Case advised Alpha Services and Holdings. Boga & Associates reportedly advised OTP as well. Kalo & Associates reportedly also advised Alpha.

With the pandemic slowly fading away, the Greek economy is reviving with a large number of projects in the infrastructure, tourism, and energy sectors, according to Bahas Gramatidis & Partners Partner Yanos Gramatidis. 

Norton Rose Fulbright has appointed Partner Yianni Cheilas as the new Greek offices Head from August 1, 2022. He takes over from Partner Dimitri Sofianopoulos, who will now continue with Norton Rose Fulbright as a Senior Consultant.

On July 7, 2022, Koutalidis announced that Nexi Group’s strategic partnership with Alpha Bank in the area of digital payments (reported by CEE Legal Matters on August 19, 2021) had been perfected, on June 30, 2022, following the receipt of regulatory clearance.

The growth rate of public-private partnerships (PPPs) in Greece, which commenced almost four years ago and retained the same dynamics throughout the COVID-19 era despite the internationally unfavorable economic environment, remains undoubtedly impressive.

Entering into force on February 19, 2021, the EU Recovery and Resilience Facility aimed, according to the European Commission, “to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient, and better prepared for the challenges and opportunities of the green and digital transitions.” CEE Legal Matters spoke with lawyers from Bulgaria, Greece, Hungary, Latvia, Poland, and Romania to learn what each country focused on, with its Recovery and Resilience Plan (RRP), and what difficulties lie ahead, now that these plans have been submitted to the EC.

Kyriakides Georgopoulos has advised Danone SA and Numil Hellas SA on their corporate restructuring, with Numil Hellas absorbing Danone's business in Greece.