For at least the last 15 years, co-promotion and co-marketing agreements between pharmaceutical companies have been valuable instruments for cost-effective marketing of pharmaceutical products. Both types of agreement are used both locally and globally to effectively allocate the skills and expertise of marketing teams based on product type, therapeutic category, and product maturity.

Even with the delta variant being prominent in Greece, the country seems to be on an upward trajectory, according to Nassos Felonis, Partner at Bahas, Gramatidis & Partners.

Zepos & Yannopoulos has advised PPC S.A. on its international offering of EUR 500 million 3.375% sustainability-linked senior notes due 2028.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

Kyriakides Georgopoulos has advised Alpha Bank on a PPP project refinancing for the Attica Schools project.

Zepos & Yannopoulos has advised the Unilever Group on the sale of its Greek tomato product business unit to Minerva.

Zepos & Yannopoulos has advised Intrum AB and Intrum Hellas on Sunrise I – a Hellenic Asset Protection Scheme securitization transaction originated by Piraeus Bank involving a retail and corporate NPE portfolio of EUR 7.2 billion gross book value.

With the summer kicking off another (tourism) season for Greece, PotamitisVekris Co-Managing Partner, George Bersis, shares with us how this Mediterranean country’s economic outlook is shining brighter and brighter. 

Kyriakides Georgopoulos has advised GlaxoSmithKline on the EUR 12 million sale and partial leaseback of its corporate headquarters office building to the ATHEX listed Intercontinental International REIC.

Zepos & Yannopoulos and CMS France have advised Axa Mediterranean Holding on the sale of Greek subsidiary Axa Insurance to Italian insurance group Generali for a consideration of EUR 167 million.

Drakopoulos has advised the TUI Group on its sale of 100% of the shares in an unspecified SPV, which owns a hotel and a 75,000-square-meter plot of land in Ermioni, Greece, to an unidentified consortium of investors.

Bernitsas Law has acted as Greek law counsel to industrial and energy company Mytilineos SA on its issuance of EUR 500 million aggregate principal amount senior notes due 2026, and on the listing of the notes on the Luxembourg Stock Exchange’s Euro MTF market.

Greece’s real estate sector has always contributed significantly to the development of the nation’s economy. It has to be noted that Greece is a country where home ownership rates are among the highest in Europe. Also, real estate was traditionally considered by most Greeks as a rather safe investment. Thus, real estate is favorably affected by tourism, which is another huge sector of the Greek economy. All of these factors led to the sector’s remarkable growth, which peaked in 2007.

Norton Rose Fulbright has advised PPC Renewables S.A. and its Iliaka Parka Dytikis Makedonias 1 S.A. subsidiary on financing for a EUR 8.7 million project for the construction of a 15MW photovoltaic park in Ptolemaida, Greece, from National Bank of Greece and Eurobank. The European Investment Bank has also been provided with the right to participate in the financings.

The Koutalidis Law Firm has advised Alpha Bank on its demerger by way of a hive-down of its banking sector to a new banking entity.

Lilian Kontou has joined the TAE – SOL Group in Athens as Legal Director.

DLA Piper, working with Potamitis Vekris in Greece, Bojanovic & Partners in Serbia, and Tashko Pustina in Albania, has advised Team.Blue on its acquisition of the Enartia Group from founders Aggela Anthoulaki, Dimitris Anthoulakis, and Frank Maounis. The Kyriakides Georgopoulos Law Firm advised the sellers.

Zepos & Yannopoulos has advised Intrum Justicia and Intrum Hellas on Project Phoenix, a securitization of a non-performing residential mortgage loan portfolio of gross book value of circa EUR 1.92 billion owned by Piraeus Bank.