Bernitsas Law acts for a variety of players in the banking and finance sector, including Greek systemic banks, international banks, investment firms, public and private corporations, as well as hedge and investment funds. The team advises on all aspects of banking, finance and capital market matters, while recently being active in the debt and equity capital markets, structured finance and securitisation fields, in addition to project finance, showing ‘immense experience in syndicated bond loans’, non-performing loans, with considerable experience in cross-border MREL instruments issued by Greek banks. ‘Exceptional’ Athanasia Tsene and Nikos Papachristopoulos head the team and are ably supported by Panayotis Bernitsas. Since publication, Dionysis Flambouras left the firm.
Banking, finance and capital markets in Greece
Bernitsas Law
Practice head(s):
Athanasia Tsene; Nikos Papachristopoulos
Other key lawyers:
Panayotis Bernitsas
Testimonials
‘Athanasia Tsene is an exceptional lawyer. Her knowledge, attitude and way of working really make Athanasia stand out in the market. Her commitment and support is unique.’
‘Bernitsas Law Firm excels in the practice in the banking and finance sector. The teams are composed of excellent lawyers with deep knowledge of the sector and accurate, sharp and high level of legal advice.’
‘Availability 24 hours a day. Immediate legal position and resolution of any issue that arose in the transaction between the parties in a transparent manner.’
‘Bernitsas Law Firm are one of the main law firms currently in the market who have immense experience in syndicated bond loans, and they have thrived in the past couple of years. I highly recommend Bernitsas Law firm to anyone seeking representation that is fair, honest and will keep your best interest at the forefront.’
‘A great team with profound knowledge and an always up-to-date understanding of the business and banking environment.’
‘Knowledgeable, and also very hard-working and accessible – more so than the market norm.’
Key clients
Alpha Bank
Apollo Global Management
Astir Group
Bank of America Merrill Lynch
Bank of New York Mellon
BNP Paribas
CPPIB
Cepal SA
Citigroup
Commerzbank
Credit Agricole
Credit Suisse
CVC Capital Partners
Davidson Kempner European Partners LLP
Deutsche Bank
Elpedison Power SA
Eurobank SA
Euroxx Securities
Gastrade
Hellenic Petroleum
Hoist Finance AB (publ)
Hoist Hellas SA
HSBC
International Finance Corporation (IFC)
Intrum AB (publ)
JP Morgan
Lapithus Group
Morgan Stanley
Motor Oil Group
Mytilineos SA
N.M. Rothschilds and Sons Limited
National Bank of Greece
Nordic Trustee & Agency AB (publ)
Olympic Commercial and Tourism Enterprises SA (Avis Hellas)
Optima Bank
Pareto Securities
Partners Group
PIMCO
Piraeus Bank
Public Power Corporation
RIA Payment Institution
Raiffeisen Bank International
Shikun & Binui
Skandinaviska Enskilda Banken AB (publ)
Societe Anonyme of Maintenance Compulsory Stocks and Trading of Crude Oil
Société Générale
Stripe
Titan Group
Thomas Cook (in liquidation)
Vivartia SA group of companies
Western Union
Work highlights
- Advised the international Joint Global Coordinators, Bookrunners and Managers, as well as the Greek Underwriters, on the €1.35bn equity capital raising of the Public Power Corporation and the listing of its new shares on the Athens Exchange.
- Advised Partners Group on a senior facilities agreement involving an unitranche facility, a CAR facility, a revolving facility and additional facilities to Pharmathen group companies.
- Advised Gastrade on the Financing and Development of the Alexandroupolis Independent Natural Gas System (INGS) Project.
Karatzas & Partners
Karatzas & Partners advises on all types of capital markets and finance transactions, often involving a cross-border element, and is lauded for its ‘in-depth knowledge on project financing and similar transactions’, including multi-asset securitisations of non-performing entities, covered bond transactions and synthetic securitisations. Catherine Karatzas heads the practice and has recently been active with advice on substantial note issuances which were listed on the Athens Exchange. Christina Faitakis is, among others, experienced in bonds involving various security interests. The team, which also includes Nikos Fragos, Alexandra Kondyli and Nikos Askotiris, has recently advised on matters concerning the refinancing of commercial bank facilities, as well as corporate note issuances in the Greek shipping industry. Alexandros Metallinos left the firm. Dionysis Flambouras was a new arrival in September 2023.
Practice head(s):
Catherine Karatzas
Other key lawyers:
Christina Faitakis; Nikos Fragos; Alexandra Kondyli; Nikos Askotiris; Dionysis Flambouras
Testimonials
‘All the involved lawyers have in-depth knowledge on project financing and similar transactions and presented hard commitment to the deadlines. They have negotiation skills and are focused on the result.’
‘Up-to-date with latest legal developments, in depth legal knowledge, efficient problem-solving.’
Key clients
National Bank of Greece S.A.
Piraeus Bank S.A.
UniCredit Bank AG
Deutsche Bank AG
DoValue SpA
Dromeus Capital Partners
Eurobank Ergasias S.A.
Pharmathen Group
Athens International Airport
Lamda Development
Sazka Group
Autohellas S.A.
The European Bank for Reconstruction and Development
B2Holding
Work highlights
- Advised, as to matters of Greek law, the National Bank of Greece as originator in respect to Project Frontier. The advice covered the entire two-stage bidding process on all legal matters pertaining to the auction process and the transaction, including negotiations, drafting of the transaction documents and the application for the newly established Hellenic Republic Guarantee scheme.
- Advised, as to matters of Greek law, the National Bank of Greece as originator in respect to Project Frontier II. The advice covered the entire bidding process on all legal matters pertaining to the auction process and the transaction, including negotiations, drafting of the transaction documents and the application for the Hellenic Republic Guarantee scheme.
- Advised Eurobank S.A. and Eurobank Ergasias Services and Holdings SA (Eurobank) in respect to Project Mexico, a multi-asset securitization of NPEs with a gross book value of c. €3.1 billion.
Koutalidis Law Firm
Koutalidis Law Firm covers all aspects of banking and finance, capital markets and project finance. This includes advice to both borrowers and lenders regarding securitisations and asset and structured finance, as well as advice to issuers, underwriters, arrangers and financing advisors on IPOs, and debt and equity products. In the sphere of banking, finance and capital markets, the team has been active with advice on securitisations of non-performing loans, the financing of acquisitions, syndicated common bond loans, share capital increases and the issuance of senior preferred notes, and in project finance, key matters concern various secured and unsecured common bond loans, as well as refinancing of project financings. Nikos Salakas, Nikos Koritsas, Ioannis Kaptanis and Effie Papoutsi head the banking and finance, capital markets, project finance and corporate finance teams respectively.
Practice head(s):
Nikos Koritsas; Nikos Salakas
Other key lawyers:
Ioannis Kaptanis; Effie Papoutsi; Chrysanthi Karlou; Dimitris Kalyvas; Ioanna Sereti
Testimonials
‘Readiness to review questions.’
‘Expert legal knowledge.’
Key clients
Alpha Bank S.A.
Eurobank S.A.
National Bank of Greece S.A.
Piraeus Bank S.A.
Partners Group Limited
Macquarie European Infrastructure Fund 6 SCSp (member of Macquarie Asset Management group)
Hellenic Gas Transmission System Operator S.A. (DESFA)
GMR Airports Limited (parent company) / GMR Airports Greece Single Member Société Anonyme (Greek subsidiary)
McArthurGlen Hellas S.M. LLC
Aktor Concessions S.A. (sponsor) / Development of New Alimos Marina Concession Single Member S.A. (concessionaire)
Aegean Motorway S.A.
Waterwheel Capital Management LP
B2Kapital Holding S.á.r.l.
Intrum Investments Greece S.M.S.A.
Waterfall Asset Management LLC
DenizBank
Attica Bank S.A.
Hellenic Financial Stability Fund
Costamare Inc.|Costamare Participations PLC
Safe Bulkers Inc.|Safe Bulkers Participations PLC
Barclays Bank Ireland PLC
BofA Securities Europe SA
Citigroup Global Markets Europe AG
Commerzbank Aktiengesellschaft
Morgan Stanley Europe SE
Société Générale
Deutsche Bank Aktiengesellschaft
BNP Paribas
Goldman Sachs Bank Europe SE
HSBC Continental Europe
Capital Product Partners L.P.|CPLP Shipping Holdings PLC
J.P. Morgan AG
AXIA Ventures Group Ltd
Work highlights
- Advised Macquarie Group on the financing of its Greek subsidiary for the acquisition of a 49% ownership interest in the Hellenic Electricity Distribution Network Operator.
- Advised Alpha Services and Holdings S.A. on its growth-share capital increase.
- Advised HELLENIC GAS TRANSMISSION SYSTEM OPERATOR S.A. on the issuance of a common bond loan of up to €435m, with the four Greek systemic banks acting as arrangers of the bond loan, and Eurobank S.A. as bondholder agent and administrative agent.
Lambadarios Law Firm
Lambadarios Law Firm advises a broad range of clients, including lenders, such as multilaterals and international investors, and a variety of sponsors as well as governments, and is noted for its ‘extensive experience, knowledge and expertise in banking, finance and capital markets’. The team has demonstrable experience in the real estate and energy industries, in addition to strengths in non-performing entities and capital markets generally. Kostas Botopoulos specialises in regulatory aspects of capital markets advice, while Prokopis Dimitriadis has a focus on transactional capital market matters. Constantinos Lambadarios possesses a wealth of experience in relation to foreign direct investments into Greece, and Yannis Kourniotis has considerable experience with financing construction projects in the renewable energy sector. In October 2021, Lefkothea Nteka joined from Avgitidis Law Firm and Sotiris Dempegiotis joined from Dryllerakis & Associates soon after.
Practice head(s):
Constantinos Lambadarios; Prokopis Dimitriadis; Yannis Kourniotis; Kostas Botopoulos
Other key lawyers:
Katerina Gini; Konstantina Siozou; Melina Katsimi; Lefkothea Nteka; Sotiris Dempegiotis
Testimonials
‘LLF has in-depth knowledge of the industry specifics and Greek market conditions. It is a highly respected law firm among the major Greek banks and well-accepted when selecting a lenders’ legal advisor regarding an infrastructure project.’
‘Prokopis Dimitriadis holds a very long experience in the sector, with participation in many high-profile and high-value projects. Konstantina Siozou is proving to be a very valuable addition to the team, demonstrating hard-work and dedication.’
‘The Lambadarios Law Firm team has extensive experience, knowledge and expertise in banking, finance and capital markets.’
‘Ioannis Kourniotis and Constantinos Lambadarios: outstanding, efficient, highly skilled and flexible. Extremely responsive, covering the client’s needs.’
‘The team is special due to the quality and rapidity of its response. In addition, the team is focused with relevant lawyers, good mix of seniorities, and there is no sense of overstaffing.’
‘A diverse and knowledgeable team with international perspective, marked by several assignments with foreign institutions and global investors.’
‘Besides the team’s deep knowledge on legal matters and high calibre, their attention to detail and availability to timely resolve any issues that arise deserve a special note. A great experience overall.’
‘Deep knowledge of the Greek law and very transactional/hands on team. Commercial acumen and availability. Involved historically in some of the biggest transactions in Greece. Very responsive and consistent.’
Key clients
Piraeus Bank
Alpha Bank
National Bank of Greece
Eurobank
Black Sea Trade & Development Bank
Hines
Greek State
Intrakat
GEK Terna
Hellenic Republic Asset Development Fund (HRADF)
Work highlights
- Advised Piraeus Bank on its carve out and sale of its cards payments and merchant acquiring business to Euronet Worldwide.
- Advised Piraeus Bank on the sale of a non-performing exposures Ukrainian portfolio amounting to €66m gross book value.
- Advised syndicate banks on the security receivables and parent company guarantees they received from the Mytilineos Group in its entry into the Australian renewables market.
POTAMITISVEKRIS
POTAMITISVEKRIS acts for a plethora of clients in the banking and finance and capital markets arena, including national and international banks, institutional investors and issuers and borrowers of securities, on all types of matters, ranging from traditional banking and finance mandates to the restructuring of loans, the issuance and listing of equity and debt securities, as well as tender offers. Practice head George Bersis has experience in IPOs, share capital increases and derivatives transactions, and recently advised on the issuance of an Additional Tier 1 capital instrument by a systemic credit institution. Stathis Potamitis specialises in matters concerning the recapitalisation regulatory framework and non-performing loan legislation, and Anthea Terlegas, who was promoted to partner in August 2022, acts for large banks on issues such as finance and security documentation and risk mitigation. Alexander Metallinos was a new arrival in 2023.
Practice head(s):
George Bersis
Other key lawyers:
Stathis Potamitis; Euripides Ioannou; Vassilis Stergiou; Anthea Terlegas; Maria Perifanou; Alexander Metallinos
Testimonials
‘A multi-partner team that handles matters across the board, which is more commercial than most of their peers.’
‘The banking and finance team of PotamitisVekris is by far the best practice in Greece in this area of expertise. It is the most efficient, responsive and problem-solving practice, and we always feel safe and secure working with them.’
‘The team is excellent, and I couldn’t expect more from a law firm in the service they provide to us. They are always available, responsive and eager to help up on any issue we request.’
‘George Bersis is a true leader, while he is supported by an excellent team of many extremely competent lawyers.’
‘New colleagues that joined the firm from larger law firms abroad brought in significant experience and skill set.’
‘Knowledge of the subject is very important towards this practice, and the firm definitely possess it. Apart from that, the team is flexible, retains good relationships with the banking sector, and enjoys respect.’
‘Accessibility and excellent communication make the difference.’
Key clients
The Greek Government (Ministry of Finance)
Alpha Bank
Piraeus Bank
National Bank of Greece
Fairfax Financial Holdings
Bank of Cyprus
PQH
Hellenic Development Bank
Euroxx Securities S.A.
Eurobank S.A.
AMC Oak SARL / Praxia Bank
CITIBANK
Deca Investments Alternative Investment Fund
Terna Energy S.A.
Aegean Airlines S.A.
Gek Terna S.A.
Ambrosia Capital Hellas S.A.
Attica Bank S.A.
Newsphone Hellas S.A.
Intrakat S.A.
Optima Bank S.A.
Premia Properties S.A.
Lamda Development S.A.
Work highlights
- Represented Greek subsidiaries of Sani/Ikos International Group SCA, with a Group restructuring and refinancing of the total financial indebtedness against banking institutions in Greece amounting to €511m.
- Advised the Greek Government on the design, preparation and implementation of a public tender for awarding a concession for the “Sale & Leaseback Organisation”.
- Advised Piraeus Bank S.A. on multiple credit facilities to SPVs owned by National Energy Holdings for the purposes of financing the development of solar and wind energy projects with an aggregate power exceeding 172MW.
Zepos & Yannopoulos
Zepos & Yannopoulos advises on a full host of banking, finance and capital markets matters, including regulatory issues as well as recapitalisations, securitisations and structured finance, and continues to be at the forefront of ESG and green finance, having recently advised on the first sustainability linked bond issued in Greece. Further, the team has seen many instructions pertaining to non-performing loan securitisations involving various types of receivables as well as synthetic and traditional securitisations over the reporting period. The practice is headed by Christina Papanikolopoulou, who ‘has great experience’ in sovereign debt restructurings, distressed banking and trade originated debt. Equity capital markets specialist Elena Papachristou is noted for her advice on capital markets regulation, compliance and market abuse issues.
Practice head(s):
Christina Papanikolopoulou
Other key lawyers:
Elena Papachristou; Mary Nigritinou; Paris Tzoumas
Testimonials
‘An experienced team, up to date with legal developments in the constantly changing legal framework, that seeks to meet client needs and find solutions.’
‘Christina Papanikolopoulou has great experience in her field and is flexible and eager to provide solutions.’
‘The team is super agile without compromising the quality of the deliverable.’
‘Strong competence in understanding the project demands and peculiarities prior to execution (RfP/EL phase) and adjustments/fine-tuning during implementation.’
‘Paris Tzoumas demonstrates strong leadership skills and a customer-oriented attitude towards delivering the best possible outcome in each request. Problem-solving attitude with necessary explanation-support capability were demonstrated in every stage of implementation.’
‘Paris Tzoumas provides prompt and efficient feedback on any legal issues raised by our firm.’
Key clients
Bain Capital Credit LP
Fortress Investment Group LLC
Public Power Corporation SA (PPC)
Piraeus Bank S.A.
CarVal Investors
Alpha Bank
National Bank of Greece
Intrum AB (publ)
Intrum Investments Greece
Intrum Hellas A.E.D.A.D.P.
Aegean Airlines S.A.
Magnetar Capital
Susi Partners AB
Citigroup Global Markets Europe AG
Work highlights
- Acted for the mezzanine and junior notes investors consortium of Bain Capital Credit LP and Fortress Investment Group LLC in an acquisition of 95% of the mezzanine and junior notes from a securitisation backed by a ca. €6bn gross book value portfolio of non-performing exposures from the National Bank of Greece.
- Advised CarVal investors on the securitisation of a non performing consumer receivables portfolio originated by Public Power Corporation S.A., the senior notes under which amounted to €325m.
- Advised Piraeus Bank S.A. in connection with the refinancing of a previously syndicated term loan facility as had been granted to Invel Real Estate B.V. for the acquisition of a majority stake in the listed entity PRODEA Investments REIC, the largest real estate investment company in Greece.
AKL Law Firm
The ‘team of experienced practitioners from senior partners to young associates’ at AKL Law Firm acts for both borrowers and lenders on acquisition and leveraged finance matters, ‘has immense experience and speciality in syndicated bond loans’, as well as in financings of real estate projects. The practice, which is further noted for its work in the field of banking disputes, debt recovery and asset tracing, is headed by ‘great all-rounder’ Alexandros Kosmopoulos and includes ‘commercially pragmatic’ George Zohios, a specialist for financings, refinancings and re-leveraged financing of projects in the hospitality sector. Kostas Fatsis, experienced in high-value loan transactions, was promoted to partner in April 2022.
Practice head(s):
Alexandros Kosmopoulos
Other key lawyers:
George Zohios; Kostas Fatsis; George Athanassiou
Testimonials
‘Robust legal background with commercial awareness, able to provide workable solutions.’
‘A team of experienced practitioners from senior partners to young associates, who work very effectively together to deliver strategic direction to matters, as well as market-leading service.’
‘The team has a deep understanding and technical knowledge coupled with experience across a range of industries as well as commercial terms – both leading to commercial outcomes and streamlined negotiations.’
‘Alexandros Kosmopoulos is a great all-rounder. He is exceptionally knowledgeable and a clear thinker, but also across the details of project management and client management.’
‘George Zohios is very responsive, extremely creative in his problem-solving and brings a commercially pragmatic mindset to his work which is valued.’
‘The firm is known for its integrity and handles issues in an ethical manner.’
‘Alexandros Kosmopoulos: Successful, well-respected, known to be calm, wise and strategic. Garners respect from all parties to a project, especially their ‘opponent’. An innovative Managing Partner.’
‘George Zohios: Delivers in kind, polite and respectful manner irrespective of the pressure during phases of any particular lengthy negotiation/project. Sticks to the objective and guides through the process with sincerity and honesty.’
Key clients
Piraeus Bank S.A.
Eurobank Ergasias S.A.
Alpha Bank S.A.
National Bank of Greece S.A.
NBG Pangaea REIC
Work highlights
- Advised Eurobank in respect to several laws governed common bond loan facilities relating to Hellinikon Project.
- Advised Alpha Bank in its capacity as Bondholder Agent, Administrative Agent, Mandate Lead Arranger and Account Bank, regarding a €362m refinancing and re-leveraging financing for Astir Palace Vouliagmenis S.A.
- Advised Alpha Bank in relation to a €530m financing for the acquisition of a Greek entity controlled by Macquarie Group, of 49% of total shares in Hellenic Electricity Distribution Network Operator S.A.
Norton Rose Fulbright
Norton Rose Fulbright has experience in structuring complex, often domestic and cross-border, financings, as well as a range of transactional and strategic banking work. The firm’s work is expansive and varied, some of which involve asset finance, real estate finance and risk management. Its client list includes financial institutions and corporations across a variety of industry sectors. The team is led by Dimitri Sofianopoulos, who focuses on asset finance, commercial contract negotiations and international capital markets mandates.
Practice head(s):
Dimitri Sofianopolous
Other key lawyers:
Yianni Cheilas; Vassilis Koroxenidis; Dimitris Rampos; Georgios Palogos; Sergios Karotsieris
Testimonials
‘Delivery of great results in an efficient way.’
‘Vassilis Koroxenidis, Dimitris Rambos and Sergios Karotsieris are high standard professionals with in-depth knowledge of the banking and corporate issues. Their ability to think outside the box makes them unique in the market.’
‘An excellent team.’
Key clients
Alpha Bank A.E.
Elpedison S.A.
European Bank for Reconstruction and Development (EBRD)
Eurobank Ergasias S.A.
European Investment Bank
National Bank of Greece S.A.
Piraeus Bank S.A.
PPC Renewables S.A.
Citigroup
DNB NOR Bank
Nordea Bank Finland plc
Deutsche Bank
KfW
ING Bank N.V.
Platis – Anastassiadis & Associates Law Partnership
Platis – Anastassiadis & Associates Law Partnership has vast experience across a broad range of banking and finance mandates, from regulatory and compliance work to project finance and structured finance projects, with the ability to deliver in a ‘seamless manner’. The team acts as advisors for leading banking and finance institutions, undertaking assignments for licensing procedures with respect to new fintech and payment services and supporting clients to establish their presence in the Greek banking sector. Eirinikos Platis is an ‘exceptional legal practitioner’, working with clients such as Viva Payment Services. Vassileios Mavrommatis strengthens the team with expertise in all aspects of banking, corporate governance and regulatory compliance issues.
Practice head(s):
Eirinikos Platis; Vassileios Mavrommatis
Other key lawyers:
Alexandra Balta; George Kodelas; Angeliki Antonopoulou
Testimonials
‘Eirinikos Platis has repeatedly demonstrated the capacity to provide for tailored solutions to complicated legal issues, in short deadlines and under pressing conditions.’
‘A highly qualified team pre-eminent in restructuring and transformation.’
‘Eirinikos Platis is an authority in the field of restructuring. There is much to benefit from his expertise both when it comes to secondary legislation introduction, as well as in cases of restructuring of state-owned entities through privatisations.’
‘Their membership to the EY network and the EY Law firms globally allows them to be delivering projects involving multiple jurisdictions and multiple disciplines (tax/financial/consulting) in a seamless manner.’
‘Eirinikos Platis is an exceptional legal practitioner with all-round knowledge and experience delivering top quality work.’
‘A very strong team with exceptional subject matter specialisation, appropriately resourced and with timely delivery. They were instrumental for our operations in a variety of fields.’
‘Eirinikos Platis is an exceptional leader with solid understanding of fintech specific issues and business particularities on commercial, regulatory and labour aspects.’
‘Alexandra Balta has also been thorough and with great willingness to understand specific problems and needs. She would be the prime choice among the new generation of law practitioners.’
Key clients
European Bank for Reconstruction and Development (EBRD)
Hamburg Commercial Bank AG
Viva Payment Services S.A.
Individual Mortgage Solutions – Financial Consulting (IMS-FC OE)
Dixons – South East Europe S.A.
Piraeus Bank S.A.
Santander Consumer Finance S.A.
CERO Generation Holdings Greece Limited (UK entity)
Starboard Digital Strategies
Work highlights
- Obtained the first licence to be provided by Bank of Greece to Individual Mortgage Solutions FC, an independent housing credit intermediary.
- Advised Santander Consumer Finance SA on the regulatory framework and procedure for the establishment of a Greek branch and supported the latter to become fully operational.
- Advised client on the establishment of the FinTech Regulatory Sandbox at the Bank of Greece.
Saplegal - A.S. Papadimitriou & Partners Law Firm
Saplegal - A.S. Papadimitriou & Partners Law Firm, a diverse firm with ‘tremendous experience’, advises high-profile clients, such as Eurobank S.A., on an array of regulatory and other legal requirements impacting their business. The team works with credit institutions, as well as advising two funds active in the Greek market through all stages of their transactions. It also represents clients in relation to new financings, as well as loan restructurings. Head of the practice, Thenia Panagopoulou, works on bank portfolio transfers and NPL sales, in addition to debt restructuring and financing transactions. Recently, Panagopoulou's work has involved distressed banking deals and advising on loan portfolio sales.
Practice head(s):
Thenia Panagopoulou
Other key lawyers:
Stergios Frastanlis
Testimonials
‘The team is properly equipped with tremendous experience in transactions, banking and finance issues, as well as corporate issues in general. They are very responsive and always available for important topics.’
‘They provide the necessary depth of analysis and conversation, also focusing on commercial elements, to make sure that their advice is relevant and assists in completing the work/deal rather than getting lost on the legal mindset alone.’
‘The team and respective services hit the right spot for professionalism, responsiveness and accountability. They are a greatly valued partner.’
‘Our most valued partner is Thenia Panagopoulou. She never fails to deliver the proper advice and is very analytical when it comes to complex issues. She is always available and does very well in prioritizing tasks and projects.’
‘What really also makes Thenia Panagopoulou stand out is her level of commitment to her work and our organisation. She never fails to provide top notch service in a timely manner.’
‘Great collaboration, excellent response times, always available and proactive. Knowledgeable on the matters of our interest, quick to offer alternatives and quick to deliver.’
‘Continuous availability, to-the-point responses, timely delivery and quick yet elaborate advice. Very reliable.’
Key clients
Eurobank S.A.
Piraeus Bank S.A.
SMERemediumCap Fund
Avramar Group
Neuropublic S.A.
Qquant
Attica Bank
Work highlights
- Advised Attica Bank in relation to the issuance and listing of warrants.
- Advised Eurobank on the sale of standalone business NPEs.
- Advised SmeremediumCap on acquisitions through debt restructuring.
Watson Farley & Williams – Greek Branch
Watson Farley & Williams – Greek Branch advises banks and NPL funds on large performing and non-performing portfolio transactions and a range of deals in the developing NPL market, with considerable experience in insurance regulatory advice and corporate transactions. The team is experienced in NPEs portfolio transfers and single-name corporate restructuring in Greece and abroad. Nikolaos Kostikas specialises in structured and project finance transactions, amongst other issues, and has expertise in capital markets law and regulatory issues. Marisetta Marcopoulou’s strength lies in banking and project finance, with particular experience in Greek merger control regulation, while George Paleokrassas handles a broad range of finance work in the maritime sector.
Practice head(s):
Nikolaos Kostikas; Marisetta Marcopoulou; George Paleokrassas
Other key lawyers:
Alexia Hatzimichalis; Alexandros Damianidis; Alexandra Michalopoulos
Testimonials
‘The WFW team has regularly been available late into the evenings to support us through negotiations.’
‘The team has a deep bench of associates that individually have produced high-quality work on the project financing documentation with oversight from their partner.’
‘Team members of WFW have produced extremely comprehensive legal due diligence reports for each project. This part of the team is very knowledgeable on the project development related regulations for developing large-scale Greek wind farms.’
‘Marisetta Marcopoulou has established an impressive team of associates and counsels on her project financing team. She has made herself available late evenings and while on vacation to ensure the deal progresses.’
Key clients
BNP Paribas
HCOB
EBRD
National Bank of Greece
RBS
CACIB
Alpha Bank
HSBC Greece
Piraeus Bank
ING Bank N.V.
Work highlights
- Advised Cero Generation on the financing of Project Delfini, a 100MW solar PV project in Prosotsani, Drama, Greece.
- Advised Cubico on the €39,865,560 financing of a 48.45MW portfolio of operational wind farms in Peloponnese, Greece, by Piraeus Bank SA.
- Advised Alpha Bank S.A. and Export Finance Norway on an export credit bond loan facility for the financing of 3 new building AERO type high-speed catamaran passenger vessels for Attica Next Generation Highspeed, a subsidiary of Attica Holdings S.A.
Your Legal Partners
Your Legal Partners, a ‘responsive’ and ‘dedicated’ team, is well positioned in project finance work, in addition to finance restructurings and Non-Performing Loans (NPL) acquisitions. In the NPL arena, the firm has gained new mandates in several debt and real estate purchase deals in Greece from EOS Group, big European player in debt purchases and fiduciary collection. It has recently worked in connection with financing of another landmark project, Piraeus Tower, Greece’s second-tallest building. Katerina Christodoulou has considerable experience in a wide range of finance transactions and infrastructure projects, while Katerina Politopoulou leads several project finance teams acting for all the systemic Greek banks as well as for sponsors.
Practice head(s):
Katerina Christodoulou; Katerina Politopoulou
Other key lawyers:
Prokopis Linardos; Fotini Mavrikaki
Testimonials
‘Business oriented, always available and reasonable fees.’
‘Responsive, dedicated and market-oriented.’
‘Professionalism.’
Key clients
Black Sea Trade and Development Bank
National Bank of Greece SA
Piraeus Bank SA
Eurobank SA
Alpha Bank SA
FCE Bank plc
H.I.G Capital
Sterner Stenhus Group
EOS Group
Mirova
B2Kapital
Work highlights
- Advised Mandated Lead Arrangers, Eurobank and Piraeus Bank, on its €347m financing that facilitated the acquisition of 100% of shares in Hellinikon S.A. by Lamda Development S.A.
- Advised the lender, Alpha Bank, in the financing of the investment plan of the reconstruction of Piraeus Tower, Greece’s second-tallest building.
Dryllerakis & Associates
Dryllerakis & Associates has worked with major Greek systemic banks, notably working closely with the Hellenic Financial Stability Fund. The team has impressed clients with its ‘commitment’ and ‘quality of legal advice’ when advising on acquisitions and funds, among other issues. Emmanuel Dryllerakis, head of the firm’s banking team, has acted in numerous cases related to privatisations, restructuring and M&A, as well as corporate finance and project financing. Dryllerakis also has experience in legally compliant financial documents and complex financial structures.
Practice head(s):
Emmanuel Dryllerakis
Other key lawyers:
Stella Yannika; Smaragda Athanasakou; Themelis Zamparas; Leonidas Kastrinakis
Testimonials
‘Commitment, time of response and quality of legal advice.’
‘Commitment, project management, expertise and sector knowledge.’
Key clients
Belterra Investments Ltd.
Hellenic Petroleum S.A.
LAMPSA HELLENIC HOTELS S.A.
Loulis Mills S.A.
Thessaloniki Port Authority S.A.
VFA Hub S.A.
WORLDLINE S.A.
Systems Sunlight SA
Thessaloniki Port Authority
5G Ventures S.A.
Work highlights
- Advised Worldline S.A. in the acquisition of Cardlink S.A., the incumbent player for payment services in Greece as well as conducted the relevant due diligence exercise.
- Advised 5G Ventures S.A. in setting up PHAISTOS FUND, a venture capital mutual fund, organized by 5G Ventures S.A., a subsidiary of Hellenic Corporation of Assets and Participations S.A.
- Advised Systems Sunlight S.A. on the issuance of a common syndicated bond loan amounting up to €125m for the purposes of refinancing the existing common bond loan of up to €50m issued by the Company, and the financing of the Company’s investment plans, including the financing of acquisitions.
KLC Law Firm
KLC Law Firm’s team, which adopts and applies ‘a solution-oriented approach’, has recently worked on new mandates assigned by credit institutions, corporate borrowers, rating agencies and other clients in relation to projects and transactions. The team has worked on a large number of energy-related project financing transactions, acting for both lenders and borrowers. Managing partner Panagiotis Tzioumas has experience in project finance, debt restructuring and NPL transactions, as well as the implementation of EU financial instruments.
Practice head(s):
Panagiotis Tzioumas
Other key lawyers:
Arianna Chatzimarkou
Testimonials
‘What is unique about the banking, finance and capital markets practice at KLC is that all team members adopt and apply a solution-oriented approach, aiming to find appropriate legal and commercial solutions that will efficiently get the deal through.’
‘Individuals at KLC stand out because they are committed to delivering high-quality client services, always available and well-prepared to address issues that arise in the course of a transaction.’
‘The dedication of KLC team members in proposing feasible, thorough and practical solutions stands out as they will always endeavour to find a practical solution instead of simply pointing out a complexity.’
‘Panagiotis Tzioumas is a remarkable lawyer, possessing deep legal knowledge and high-quality skills, but also a strong business understanding. He always makes himself available to the client and is a great negotiator.’
‘Arianna Chatzimarkou is very professional, always well-prepared and committed to delivering high-quality deliverables.’
‘The law firm has a wide experience in the Greek market and has advised both public authorities and all major financial institutions in the banking and finance industry.’
‘As compared to other law firms, they have unique experience with the implementation of decentralised financial instruments of the European Union. In addition, the partners are very responsive, and the rates are highly competitive.’
‘When we are in need of certain legal reviews or assistance within tight deadlines, KLC team proved able to get it done. They are considered experts in corporate and banking law.’
Key clients
European Investment Bank (EIB)
Hellenic Financial Stability Fund (HFSF)
National Energy Group
DBRS Morningstar
Hellenic Bank Limited
Greek Ministry of Finance/Recovery and Resilience Facility
Work highlights
- Advised European Investment Bank in relation to the implementation of EU financial instruments in Greece and Cyprus involving the management of funds in excess of €580m.
- Advised Greek Ministry of Finance/Recovery and Resilience Facility on the preparation of statutory and contractual framework for the channelling of RRF funds to eligible projects and investments.
- Advised DBRS on Greek law matters relating to the rating of 15 in total NPL-backed securitisations transaction launched by local systemic banks.
Moratis Passas Law Firm
Moratis Passas Law Firm has experience across various business segments and financial markets, covering a broad range of transactions. The firm has handled documentation and enforcement of securities, as well as hire-purchase deals and inter-creditor agreements, giving ‘commercial and effective advice’. Dimitris Passas advises clients on every aspect of banking and finance regulation, with considerable litigation experience. Other key contacts in the group include Vassilis Saliaris and Nikos Syrmas.
Practice head(s):
Dimitris Passas; Vassilis Saliaris; Nikos Syrmas
Other key lawyers:
Maria Androulaki; Andreas Chasiotis
Testimonials
‘Deep expertise in all areas of NPL s and structured finance in Greece and Europe.’
‘Always available, sensible on price and great quality work.’
‘Significant experience in the ABS sector. Always available.’
‘Vassilis Saliaris and Andreas Chasiotis stand out. They were always available. Their effort was critical to complete the project within timeline.’
‘Vassilis Saliaris and his team stand out from the competition: they listen, make sure they comprehend a banker’s questions, are always on top of drafts and issues and give commercial and effective advice.’
Key clients
Alpha Bank
Citibank Europe Plc
Citigroup Global Markets Limited
Eurobank
doValue Greece Loans and Credits Claim Management Societe Anonyme
doValue Spa
Attica Bank
Piraeus Bank
Piraeus Financial Holdings Group
Cyprus Popular Bank Public Co Ltd
Davidson Kempner European Partners LLP
HSBC
Work highlights
- Advised Piraeus Bank, as originator and initial notes purchaser, and Goldman Sachs, as arranger, in relation to the securitization transaction “Sunrise II” involving the securitisation of a retail and corporate NPE portfolio of €2.7bn gross book value.
- Advised doValue Greece, a Law 4354/2015 credit servicing company, in the negotiation of the transaction documents for its servicing roles under the “Frontier” transaction with a total gross book value of €6bn.
- Advised Davidson Kempner in relation “Cosmos” securitisation transaction originated by Alpha Bank which includes the purchase of 51% of the mezzanine and junior notes issued in the context of a securitisation of €3.4bn gross book value.
Politis & Partners
Politis & Partners has represented a wide variety of business clients, including commercial and investment banks, securities firms and other financial services providers. The firm’s banking practice involves transactional work, representing borrowers, issuers, sellers and financial institutions across a wide range of transactions, such as asset-based financings, taking a ‘results- and time-oriented approach’. Vangelis Politis, Nikos Anastopoulos and Emmanouil Savoidakis lead the team.
Practice head(s):
Vangelis Politis; Nikos Anastopoulos; Emmanouil Savoidakis
Other key lawyers:
Dimitra Rossopoulou; Angeliki Saratsi
Testimonials
‘The banking and finance practice has a particularly strong record in offering well informed advice and carrying out tasks that involve multiple jurisdictions and a high degree of complexity.’
‘They are very effective in their field of expertise.’
‘The Managing Partner, Mr. Vangelis Politis, has great experience and knowledge of the business.’
‘Vangelis Politis is really “practical” as a lawyer, meaning that he has a result- and time-oriented approach. His goal is to conclude the deal, rather than to spend and charge hours to the customer. The same mentality applies for Nikos Anastopoulos, partner, and Dimitra Rossopoulou, associate.’
Key clients
Eurobank Leasing S.A.
Eurobank S.A.
NetData Inc.
Bausch Health Hellas
V+O Communication & Consulting S.A.
SPI Energy Co. Ltd (SPI)
Bosch Rexroth Group
Sun Chemical Group
CPI Computer Peripherals International
Abbott Laboratories (Hellas SA)
Metavallon VC
Work highlights
- Advised Eurobank Leasing SA in two multimillion leasing financings which were provided to one of the biggest global telecom operators.
- Advised Netdata Inc., a tech start-up that has developed a performance and health monitoring solution for systems and applications.
- Advised Eurobank SA in financing a 40MW wind farm, owned by a major Greek energy group.
PPT Legal
‘Well-respected and knowledgeable’ PPT Legal has an impressive understanding of the sponsor market, advising both lenders and borrowers across various sectors. The team provides legal and tax guidance on an advisory, transactional and dispute resolution basis, addressing any issues that arise at different stages of a transaction. John Papapetros, ‘a very seasoned professional’, specialises in financial restructuring and securities enforcement, representing high-profile clients on mandates.
Practice head(s):
John Papapetros
Other key lawyers:
Vicky Katsouli; Sonia Horvathova; Dimitris Manolopoulos
Testimonials
‘Very strong diversity regarding matters they can take on. Within the company you can find any expertise you may need.’
‘Exceptional client centred practice. They will always respond to the clients’ needs no matter how tight the deadlines are.’
‘They have a good business sense which helps find solutions on deals instead of problems.’
‘PPT Legal has a well-respected and knowledgeable banking and finance team handing both contentious and non-contentious work.’
‘The team has great consistency, is able to perform at a fast pace and its members are very knowledgeable, maintaining a solution-finding approach. They are a pleasure to work with and good colleagues.’
‘The team is headed by John Papapetros, a very seasoned professional with decades of experience in the industry. John is known for his thorough grasp of matters and for his problem resolution skills, while he has built an excellent team to promote the firm’s work.
‘Dimitris Manolopoulos strikes me as having a thorough understanding of banking and finance laws as well as a general thorough legal knowledge and has great attention to detail. He is excellent to work with and will assist clients and colleagues in achieving results.’
Key clients
Navios Maritime Acquisition Corporation
Navios Maritime Holdings Inc
Aegean Baltic Bank S.A.
CANFORNAV Inc. Group of Companies
Atlantica Hotels
Harbor Shipping and Trading Sa
Premierway Enterprises Limited
Iera Poli Athens 2018 SA
Textron Financial Corporation
Eurobank SA
Fortress Investment Group LLC / Fortress Transportation and Infrastructure Investors LLC (FTAI Aviation) / WWTAI AirOpCo II DAC
Work highlights
- Advised Canfornav Inc. on the amendment and restatement agreement of a term loan facility agreement in respect of a loan of $134m made available to them by Credit Suisse AG.
- Advised Navios Acquisition in the merger of Navios Maritime Partners L.P., with Navios Acquisition Corporation; shareholders of Navios Acquisition received 0.1275 of a common unit of Navios Partners for each outstanding common share of Navios Acquisition.
- Advised Navios Maritime Holdings INC in the repayment of $614.3m of Ship Mortgage Notes and closing of $550m of Debt Financing.
Sarantitis
Noted for its banking regulatory expertise, Sarantitis has experience in handling corporate financing mandates and debt restructuring negotiations. The firm often collaborates with the headquarters of banks and their units on a global scale. Alexandros Metaxas leads the team, with a range of expertise covering banking, corporate and commercial issues, while Eleni Papakosta strengthens the practice with her experience in shipping finance.
Practice head(s):
Alexandros Metaxas
Other key lawyers:
Antonis Katsigiannis
Key clients
HSBC Private Bank Suisse S.A. (Geneva)
HSBC Bank PLC – Greek Branch
HSBC UK Bank PLC (Berkshire)
Piraeus Bank S.A., Athens Headquarters
Smiles Trademarks Single Person PCC
Ideal Holdings SA
The Standard Bank of South Africa Limited/ENSAfrica
Printec Payments SA
Work highlights
- Represented HSBC Bank Plc Greek Branch in 16 lawsuits relating to its investments made, amounting to €5m in SNS bonds.
- Advised UBS AG on legal issues of Greek banking and investments Law.
Tsibanoulis & Partners
‘Service-minded’ Tsibanoulis & Partners advises banks, growth funds and financial and credit institutions on numerous aspects of work, including the preparation of authorisation documents and legal support in licensing procedures, among other legal services. Dimitris Tsibanoulis acts for banks on all aspects of banking and finance mandates, with unique expertise in the application of the national, European and trans-national regulatory frameworks. Tsibanoulis jointly leads the team alongside Emmanouil Komis.
Practice head(s):
Dimitris Tsibanoulis; Emmanouil Komis
Other key lawyers:
Sofia Kizantidi; Kanellos Klamaris
Testimonials
‘Friendly, reliable and very professional.’
‘The team is very knowledgeable, service-minded and fluent in different languages; Mr. Tsibanoulis’ long experience is also a very valuable asset.’
‘Mr. Tsibanoulis has a long experience in banking and capital markets matters and can put things into context. His service is excellent, and his language capabilities are very helpful.’
‘Tsibanoulis & Partners has a long track record of successfully supporting leading corporations and financial institutions, among others. This was the main reason why we chose the particular law firm.’
‘The cooperation with Tsibanoulis & Partners is excellent. Their legal services are distinguished for their high-quality standards, efficiency, speed, and good communication.’
‘The communication and collaboration with the team was excellent. They delivered high quality work and covered all arising issues in a timely and efficient manner. They took initiative and proposed creative solutions, alternatives and ways forward.’
‘Dimitris Tsibanoulis, having deep knowledge of the matter, led the team in an exceptional manner. Kanellos Klamaris is efficient and very professional in his work.’
‘They try to understand the business logic of the respective tasks/requests and to provide tailor made solutions. They are easy to communicate, react fast and manage to present the information in a way understandable for everyone.’
Key clients
BNP Paribas Securities Services S.C.A.
Aegean Baltic Bank
Eurex Clearing AG (Deutsche Börse Group)
ProCredit Bank Bulgaria (Thessaloniki Branch)
Edenred Greece
Coface S.A
Ancoria Bank
ICAP S.A.
Cooperative Bank of Chania
Cooperative Bank of Epirus
Cooperative Bank of Epirus
Cooperative Bank of Epirus
AXIA Ventures Group Ltd
EPIC Investment Corporation S.A.
Pegasus Securities S.A.
Triple A Experts S.A.
VIE FINANCE SA
Work highlights
- Advised Qualco SA on setting up a fund targeting the provision of non-banking financing to distressed Greek SMEs.
- Advised Aegean Baltic Bank in relation to its major shareholder exercising immediate control or dominant influence over the bank.
- Advised Cooperative Bank of Epirus on the drafting of contractual framework allowing it to issue credit cards for its clients.
Tsoukala and Partners Law Firm
Tsoukala and Partners Law Firm is an ‘excellent choice for cross-border transactions’, notably working with Chipita S.A. on the sale of its business to Mondelēz International, Inc. for approximately $2bn, advising on the banking and finance aspects of the transaction. The firm is also involved with handling various cross-border financings, banking transactions and financial services. The team is led by Eleni Tsoukala, who has ‘extensive knowledge and expertise’.
Practice head(s):
Eleni Tsoukala
Other key lawyers:
Ioanna Moumtzoglou; Dimitris Kogas
Testimonials
‘They are very knowledgeable and an excellent choice for cross-border transactions no matter how complex.’
‘I admire their perseverance and have been more than impressed with the quality of the legal services provided, their ability to come up with out of the box creative solutions, and their efficiency and responsiveness.’
‘Eleni Tsoukala is a lawyer of extraordinary intellect and talent. She has extensive knowledge and expertise in the traditional and core areas of banking and finance.’
‘Eleni Tsoukala does not shy away from any challenge and is exceptional at finding commercial solutions.’
‘Ioanna Moumtzoglou is an excellent lawyer and has already made a name for herself. She is thorough and diligent and leaves absolutely no stone unturned.’
‘Ioanna Moumtzoglou adds great value to the team and can be counted on for providing prompt, accurate and commercially sound advice.’
Key clients
Alpha Bank
Delivery Hero SE
Dentons
Sidley Austin
Bank of America Merrill Lynch
The Viohalco Group
The Olayan Group
Feld Entertainment Inc.
Work highlights
- Advised the majority shareholder of Chipita S.A. on the financial law related aspects of the sale of its business to Mondelēz International, Inc. for approximately $2bn.
- Advised a major multinational company on all aspects of a cross-border syndicated loan with a value of €185m.
- Advised a major Greek manufacturer in connection with the refinancing of a €145m bond loan.
Avramopoulos & Partners
Avramopoulos & Partners is involved in a variety of work, including term loan agreements, credit facilities and syndicated loans. Practice head Athanassios Avgeros advises on matters concerning financial products, including acquisition finance and financial regulatory issues, such as the implementation of Basel III and EU Directives.
Practice head(s):
Athanassios Avgeros
Other key lawyers:
Barbara Angelopoulou; Vicky Kolintza
Key clients
WHG Europe Limited
Dexia Holdings Ltd.
Work highlights
- Advised WHG Europe Ltd. throughout due diligence stages for the acquisition of an NPL Portfolio.
- Advised Dexia Holdings Ltd.on the preparation of the application and documentation filed with the Hellenic Capital Market Commission for the issuance of an investment services provider license and conducting following-up communications with the Regulator.
Bahas, Gramatidis & Partners
Bahas, Gramatidis & Partners has demonstrable experience in handling matters concerning aviation finance, advising aircraft leasing companies and financial institutions on aircraft finance, leasing, acquisitions and operational matters. Other key areas of expertise include NPL transactions and project finance. Marios Bahas jointly leads the team alongside managing partner Dimitris Emvalomenos, while senior associate Betty Smyrniou is noted for her expertise in aviation finance.
Practice head(s):
Marios Bahas; Dimitris Emvalomenos
Other key lawyers:
Betty Smyrniou; Popi Papantoniou; Maria Tranoudi; Nikolaos Stavroulakis
Key clients
Attica Bank
Aercap
SMBC
Wings Capital Partners
Aero Capital Solutions
Dubai Aerospace
Macquarie
Thea Artemis Financial Solutions
Pancreta Bank S.A.
HDVS HELLAS SA
Royal Canin
Sioufas & Associates Law Firm
Sioufas & Associates Law Firm, a team with ‘very good coordination’, acts for a range of financial institutions, servicers and foreign investment funds. The practice advises on due diligence concerning Greek NPL portfolios, in addition to handling a range of banking matters. Managing partner George Sioufas, who has an active transactional and advisory practice, leads the team alongside Marios Sioufas and Olga Eftychidou.
Practice head(s):
George Sioufas; Marios Sioufas; Olga Eftychidou
Testimonials
‘The team works with very good coordination from within.’
‘The client can rely on the firm and can be confident that the outcome of the legal cases will be successful.’
‘They are always willing to find a solution to the most difficult legal problem or challenge.’
‘All actions are planned with focus in target. Employees at any level are well chosen, trained and have excellent business manner.’
Key clients
National Bank of Greece
Special Financial Solutions S.A.
Alpha Bank SA
Pireus Bank SA
Hellas Capital Leasing SA