The NIS2 Directive is the EU-wide legislation on cybersecurity. It provides legal measures to increase the overall level of cybersecurity in the EU by modernizing the existing legal framework, broadening the scope of covered entities, and specifying high fines (2% or EUR 10 million for essential entities, or 1.4% of global annual turnover or EUR 7 million for important entities), directly involving the board members of covered organizations and holding them accountable for any breach of the legal framework established by the new Directive.

Papapolitis & Papapolitis, working with Linklaters and Studio Legale Associato, has advised the syndicate of arrangers and initial purchasers on DoValue’s pivotal EUR 300 million high-yield bond offering, aimed at refinancing its existing debt following the acquisition of Italian credit management company Gardant. Moratis Passas, working with White & Case, reportedly advised DoValue.

CEE Legal Matters is proud to introduce the latest in our Comparative Guides series. This one focuses on Real Estate in CEE.

Contributed by AKL.

Koutalidis has advised Sunlight Group and Olympia Group of Companies on Sunlight Group’s ongoing strategic realignment and internal restructuring.

Bernitsas has advised Eurobank Ergasias Services and Holdings on a liability management exercise totaling EUR 588.55 million.

PotamitisVekris has advised Sani/Ikos Resorts Group on securing EUR 230 million in financing.

Bernitsas has advised Kosmocar on its acquisition of MAN Hellas Truck & Bus as well as on obtaining phase 1 merger clearance from the Hellenic Competition Commission.

Koutalidis has advised Piraeus Bank on a secured bond loan issuance of up to EUR 275 million by Aktor Concessions, with Piraeus Bank acting as both bondholder agent and paying agent, and subscribing to the full amount.

Bernitsas has advised CVC and Hellenic Healthcare Group on the disposal of a 60% stake in HHG to PureHealth Holding PJSC in a transaction that values HHG at EUR 2.2 billion.

Bernitsas has advised AP Hermes Securitization on the acquisition of an NPL portfolio of unsecured and secured loans with a total legal claim of approximately EUR 700 million.

KLC has advised the National Bank of Greece on the project financing of Greece’s inaugural battery energy storage project sponsored by Elsewedy Electric SAE.

Zepos & Yannopoulos has advised Intertrade Hellas on a EUR 23 million financing to support its EUR 150 million investment plan.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around we turn our attention to setting up new practices and ask: When launching a new practice, what is your go-to strategy – do you look at internal team members to spearhead it, or are you more likely to turn to lateral hires? Why?

The topic of violence and harassment at work has become increasingly important in Greek employment law. In recent years, Greece has made significant steps by adopting legislative measures aiming at ensuring an equal and healthy working environment for all employees. However, the new framework raises certain complex legal concerns regarding the implementation of the legislation on violence and harassment by the employer.  This article provides an overview of these issues within the context of Greek employment law.

Bernitsas has advised Georgoudis Parthenon on its partnership with the Aceitunas Guadalquivir Olives Group, backed by Alantra Private Equity.