Karatzas & Partners acted as Greek legal advisers on the successful completion of TAP’s EUR 3.9 billion project financing, the largest project finance agreed for a European infrastructure project in 2018.

NPL Greece, Cyprus & SEE Regional Summit, Grand Hyatt, Athens, 29 May 2019

Greece's KLC Law Firm successfully represented France's Vinci Construction Grands Projets SAS before the Hellenic Competition Commission.

The Kyriakides Georgopoulos Law Firm has advised a consortium consisting of Snam, Enagas, and Fluxys on a >10-year non-recourse acquisition financing corresponding to approximately 65% of the enterprise value to fund the acquisition, through Senfluga Energy Infrastructure Holdings, of a 66% stake of the Hellenic Gas Transmission System Operator S.A.

Drakopoulos is representing Hellenic Shipyards in ICC arbitration proceedings against the Hellenic Republic.

White & Case, working with Greece's Koutalidas law firm, has advised Alpha Bank A.E. on its sale to a consortium of funds managed by affiliates of Apollo Global Management and the IFC of a mixed pool of non-performing loans to Greek SMEs and, together with Alpha Bank's wholly-owned group company Alpha Leasing S.A., repossessed real estate assets in Greece. Ashurst and Bernitsas advised the buyers.

In an attempt to lighten the heavy burden on the Greek judicial system, articles 178 to 206 of Law 4512/2018 on Arrangements for the Implementation of the Structural Reforms of the Economic Adjustment Programs and Other Provisions provide guidelines for new mediation procedures in civil and commercial matters. This alternative extrajudicial dispute resolution method seeks to provide an attractive and expeditious solution in the form of an executed agreement that is immediately enforceable.

Watson Farley & Williams has advised the National Bank of Greece on a ten year non-recourse acquisition financing of EUR 357 million to a consortium of Snam, Enagas, and Fluxys to fund approximately 65% of the consideration for the consortium's acquisition of a 66% stake in the Hellenic Gas Transmission System Operator S.A. The Kyriakides Georgopoulos Law Firm advised the consortium.

Sherman & Sterling has advised Titan Cement on its offering of EUR 250 million guaranteed notes, as well as its cash tender offer for its outstanding guaranteed notes, as well as in connection with the re-opening of a Reg S offering of fixed rate, guaranteed, high yield, non-U.S. dollar-denominated, senior notes. Allen & Overy was counsel to lead underwriter HSBC.

“In recent days we have been experiencing a stock exchange crash in Athens related to bank stocks,” says Michalis Kosmopoulos, Partner at Drakopoulos Athens. “Share values have dropped significantly.”

KG Law advised EDPR S.U.L. in the first call for RES Tenders.

White & Case has advised Piraeus Bank SA on the sale of its 99.98 percent shareholding in Piraeus Bank Bulgaria AD to Eurobank Bulgaria AD. The buyer was reportedly advised by Milbank.

Greece's Dracopoulos & Vassalakis law firm has entered into a "strategic alliance" with the Your Legal Partners firm in the country.

Drakopoulos has represented Samsung Electronics in criminal proceedings brought by prosecutors in Thessaloniki against a counterfeit trader.

CMS and Karatzas & Partners have advised ALPLA, a global provider of plastic packaging, on the acquisition of Argo S.A. Binder Groesswang in Austria and Kyriakides Georgopoulos in Greece advised the the sellers on the deal. The transaction closed on October 1, 2018, after obtaining regulatory and competition approvals. Financial terms of the transaction were not disclosed.

White & Case, working with Greece's Koutalidis Law Firm, has advised the four systemic Greek banks – Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank – on their entry into a servicing agreement with Italian credit institution doBank S.p.A. Bernitsas advised doBank on Greek law matters.

Kyriakides Georgopoulos has advised Public Power Corporation Renewables on the formulation of tender rules for the selection of a strategic partner to participate in the Biomass CHP Plant Company as an equity partner with a 51% stake.

Kyriakides Georgopoulos has assisted Blue Grid Gas and Power S.A. with the formulation of a proposed contract to be used with customers.