“Everyone may merge with everyone; everyone may absorb everyone; everyone may divide into everyone; everyone may benefit from everyone; everyone may convert to everyone.” This phrase, included in the Explanatory Memorandum of Greek Law 4601/2019 (Law), sums up the rationale of the Greek lawmakers with respect to the legal framework on corporate transformations currently in force.
Greece is consistently ranked among the top tourist destinations in the world, with the Aegean islands being at the center of the hype. But few wonder what it takes to actually conceive, design, and construct a hotel in this gorgeous part of the world. There are so many restrictions and obstacles that one thing is certain: investing in the Aegean is certainly not for the faint-hearted.
Over the past decade, the Greek renewable energy market went through an accelerated expansion. AKL Law Firm Partner Kostas Fatsis, Bahas, Gramatidis & Partners Partner Nassos Felonis, Moussas & Partners Managing Partner Nicholas Moussas, and Metaxas & Associates Associate Alexandra Kornilaki delve into the primary catalysts and the sector’s outlook.
Bahas Gramatidis & Partners, working with Gianni & Origoni, has advised Enel SpA on the sale of a 50% stake in its wholly-owned subsidiary Enel Green Power Hellas to Macquarie Asset Management for approximately EUR 345 million. The Koutalidis law firm, working with Jones Day, reportedly advised MAM.
Reed Smith and CMS have advised Helleniq Renewables on its acquisition of a 211-megawatt solar portfolio in Romania from Mytilineos Group's Metka EGN. Volciuc-Ionescu, working with the UK offices of EY Law, advised Metka EGN.