Kinstellar has advised Austria's KA Finanz on the sale of a Greek municipal loan portfolio to Piraeus Bank.
KA Finanz is the wind-up entity of Kommunalkredit Austria AG, a bank focused on infrastructure and energy, which was nationalized and re-privatized during the past decade and which originated the loans.
According to Kinstellar, “the transaction involved English, Austrian, and Greek law, and due to legal and other considerations, physically took place across multiple jurisdictions, including Greece, Austria, Serbia, the UK, and the US.”
Kinstellar’s multi-office team was led by Special Counsel Denise Hamer and included Managing Partner Branislav Maric and Senior Associate Tijana Arsenijevic from the firm’s Belgrade office.
Kinstellar could not provide any further information about the deal.