Firms To Watch: Banking, finance and capital markets

PwC Greece | Vizas - Katrinakis and Associates Law Firm frequently advises Greek systemic banks on issues including structured finance, NPL and other distressed portfolio sales, and financial restructurings.

Banking, finance and capital markets in Greece

Bernitsas Law

The ‘very experienced‘ team at Bernitsas Law provides an ‘innovative and commercial approach’ to lenders and borrowers across a broad swathe of transactional and regulatory work in the banking and capital markets sphere. Although it handles some more commoditised mandates, the team is best known for its aptitude at providing ‘solutions-oriented’ advice on complex transactions, including as it relates to work in the secondary market for non-performing loans (NPLs) and the structuring and implementation of securitisation transactions. The ‘exceptional’ Athanasia Tsene, who is lauded as a ‘true business partner’ as a result of her ability to provide ‘sharp and practical advicehas been pivotal to the firm’s success in the NPL field, work which she combines with other, often highly structured finance transactions. Nikos Papachristopoulos has ‘extensive exposure and experience across all areas of banking, finance and capital markets’ and co-heads the team alongside Tsene. The team was strengthened at the beginning of 2024 by the arrival of fintech and payments expert Anastasia Mallerou and Pantazis Karamanolis, who adds tremendous gravitas to the practice in light of his vast in-house banking experience, from their own practices.

Practice head(s):

Nikos Papachristopoulos; Athanasia Tsene

Other key lawyers:

Pantazis Karamanolis; Anastasia Mallerou; Maria Nefeli Bernitsa; Kelly Hatzigaki; Sildia Fotopoulou


They are a very experienced team with strong expertise in banking and capital markets work and display an innovative and commercial approach.’

High level of expertise and professionalism, exceptional team and level of collaboration.’

They are particularly strong at advising on complex financing transactions and provide a solutions-oriented approach.’

Nikos Papachristopoulos has extensive exposure and experience across all areas of banking, finance and capital markets.’

‘Athanasia Tsene is an exceptional lawyer and a true business partner. She provides sharp and practical advice.’

Athanasia Tsene is a strategic partner for all the legal aspects of the business related to the banking sector.’

‘They focus on the client’s goal and getting results. They communicate well with our team and they are fully committed to our case. Their legal advice is exceptional.’

‘Prompt service and response to any phone calls at any time, with a detailed explanation of the issues.’

Key clients

AGC Equity Partners

Alpha Bank

American Express

Amerra Capital Management LLC

Apollo Global Management

Arena Investors

Astir Group

Bank of America Merrill Lynch

Bank of New York Mellon

Black Sea Trade Development Bank

BNP Paribas

Cepal SA



Credit Agricole

Credit Suisse



Deutsche Bank

Elpedison Power SA


European Investment Bank

Euroxx Securities


Goldman Sachs

Hellenic Healthcare Group

HELLENiQ ENERGY Holdings Societe Anonyme (former Hellenic Petroleum SA)

Hoist Finance AB

Hoist Hellas SA


International Finance Corporation (IFC)

Intesa San Paolo SpA


Intrum AB

Intrum Hellas SA

JP Morgan

Lapithus Group

Lavipharm SA

Macquarie Asset Management

Morgan Stanley

Motor Oil Group

Mytilineos SA

N.M. Rothschild and Sons Limited

National Bank of Greece

Nordic Trustee & Agency AB

Olympic Commercial and Tourism Enterprises SA (Avis Hellas)

Olympia Odos Concession Company

OTE Group

Pareto Securities

Partners Group


Piraeus Bank

Public Power Corporation

Raiffeisen Bank International

RIA Payment Institution

Santander UK PLC

SMB Holdings BV

Societe Anonyme of Maintenance Compulsory Stocks and Trading of Crude Oil

Société Générale

Skandinaviska Enskilda Banken AB


Titan Group


Waterfall Asset Management

Western Union

Work highlights

  • Advised Intrakat SA on the structuring, execution and completion of its €100m equity capital raising and the listing of its new shares on the Athens Exchange.
  • Advised Pancreta Bank in connection with its investment in Attica Bank in the context of Attica Bank’s c.€473m equity capital raising.
  • Advised Intrum Hellas, acting as co-ordinator, on the secondary sale and transfer to a consortium of a portfolio of securitised loan receivables, with a total legal claim of €285m (project Tethys), secured over hotel and hospitality real estate assets located in popular Greek tourist destinations.

Karatzas & Partners

Combining legal knowledge with financial insights and deep comprehension of the banking sector’, Karatzas & Partners excels in providing ‘innovative financial solutions’ to creditors and debtors across a broad swathe of financing transactions, running the gamut from project and energy finance and corporate finance matters, through to capital markets mandates and highly structured deals. Stretching back to the firm’s pioneering work for the Greek government in relation to its debt exchange programme, a good deal of this work relates to innovative “first-of-its-kind” mandates, with more recent examples including work for the systemic Greek banks in relation to de-risking their exposure to NPLs through complex transactions on the secondary market. Another strength is the firm’s collaborative approach to work in the space, often drawing upon experts from other core practice areas, as well as its early adoption of sophisticated legal technologies, including the use of AI in due diligence. Praised for her ‘professionalism and in-depth knowledge of finance’ gleaned through her work in private practice as well as through her previous prestigious role as a consultant to the European Investment Bank (EIB), Christina Faitakis is pivotal to much of the team's high-profile work in the space, including on large securitisations and bond loans, as well as a considerable volume of real estate and energy project finance transactions. The ‘business-orientedNikos Fragos  also excels in ‘providing solutions to complex legal issuesencompassing debt capital markets work, NPL mandates and special situations financing. Alexandra Kondyli stands out for advising on capital markets mandates, including conventional bond and green bond issuances. Managing partner Catherine Karatzas heads the team, which also recently welcomed the vastly experienced Dionysis Flambouras, who joined the firm from Bernitsas Law in September 2023.

Practice head(s):

Catherine Karatzas

Other key lawyers:

Christina Faitakis; Nikos Fragos; Dionysis Flambouras; Alexandra Kondyli; Katerina Dalamara; Eleana Rouga; Maria Chronaki


‘The team’s multi-disciplinary expertise, combining legal knowledge with financial insights and deep comprehension of the banking sector, allows them to offer innovative financial solutions.’

‘It is a very experienced team of practitioners that is professional, responsive and business oriented.’

‘The team distinguishes itself with its innovative strategies, offering clear pricing structures that align with clients’ needs. They’re always ahead of their time and they have adopted advanced technology very early compared to their competitors, as they use AI in due diligence.’

‘Christina Faitakis’ professionalism and in-depth knowledge of finance has been invaluable in navigating complex transactions.’

‘Nikos Fragos is always responsive and ready to provide solutions to complex legal issues. He is business oriented and able to successfully handle complicated and lengthy negotiations.’

‘The team stands out for its professionalism, interest in the client, availability, holistic approach to the matter, and ability to monitor and adjust to developments.’

‘The team have excellent skills in every different sector we require. They can handle negotiations with opposing parties perfectly and they have excellent skills in securitisations. Christina Faitaki and her team have managed to tackle any matter we have assigned to them, no matter how time-sensitive it was.’

‘Deep knowledge, long experience and a high level of ability.’

Key clients

National Bank of Greece S.A.

Goldman Sachs International

Bespoke SGA

Piraeus Bank S.A.

UniCredit Bank AG

Deutsche Bank AG

DoValue SpA

Dromeus Capital Partners

Eurobank Ergasias Services and Holdings S.A.

Pharmathen Group

Athens International Airport

Lamda Development

Sazka Group

Autohellas S.A.

The European Bank for Reconstruction and Development


Alpha Bank S.A.

Eurobank S.A.

Lamda Prime Properties S.A.

Lamda Olympia Village S.M.S.A.

Viohalco S.A.

European Investment Bank

Work highlights

  • Advising National Bank of Greece on an auction process for the securitisation of receivables of non-performing mortgages and loans granted to large corporations and SMEs, valued at approx. €1bn.
  • Advised Lamda Development on the financing of the acquisition of the company holding in respect to Project Hellinikon, one of the largest projects currently being developed in the Greek market.
  • Advised HELLENiQ ENERGY on a ground-breaking transaction for the financing of renewable energy investments.

Koutalidis Law Firm

Now headed by Nikos Salakas, who re-joined the firm following a stint in-house at one of the country’s systemic banks, Koutalidis Law Firm provides a ‘cost-effective and business-oriented service’ to a lender-focused client base that includes domestic and international banks across a myriad of new money and refinancing transactions. Project finance is a core strength, where the firm has deep insight into the commercial drivers of transactions by dint of its varied client base, which includes lenders, sponsors and contractors. The ‘analytical, creative and hardworkingIoannis Kaptanis is central to the firm’s success in the space, and has handled a number of recent mandates for lenders seeking to refinance debt in accordance with large domestic infrastructure projects. As well as her NPL-related work, Effie Papoutsi is noted for her prowess in relation to acquisition finance mandates, primarily for funders of both sponsor-backed and corporate-led deals. Nikos Koritsas‘ varied practice includes a considerable volume of debt capital markets work, which he combines with his duties as managing partner.

Practice head(s):

Nikos Salakas

Other key lawyers:

Nikos Koritsas; Ioannis Kaptanis; Effie Papoutsi; Chrysanthi Karlou; Dimitris Kalyvas; Georgia Koutsoukou


The responsive team provides a cost-effective and business-oriented service.’

‘The depth and breadth of their knowledge ensures that they are able to support every client’s business needs successfully and provide high-quality, innovative legal solutions in the increasingly complex area of legislation and practice.’

‘Ioannis Kaptanis is analytical, creative and hardworking.’

‘The team are great and have deep knowledge on this subject – they are very effective and consistent.’

Key clients

Alpha Bank S.A.

Eurobank S.A.

National Bank of Greece S.A.

Piraeus Bank S.A.

GMR Airports Limited/GMR Airports Greece Single Member Societe Anonyme

Aktor Concessions S.A./Development of New Alimos Marina Concession Single Member S.A.

Hellas Gold S.A.

Aktor Concessions and Intrakat

Macquarie European Infrastructure Fund 6 SCSp (member of Macquarie Asset Management group)

Attica Bank S.A.

Optima Bank S.A.

HSBC Bank plc

Alpha Services and Holdings S.A.

Capital Product Partners L.P.

CPLP Shipping Holdings PLC

BofA Securities Europe SA

Citigroup Global Markets Europe AG

Commerzbank Aktiengesellschaft

Morgan Stanley Europe SE

Société Générale

BNP Paribas

Deutsche Bank Aktiengesellschaft

Goldman Sachs Bank Europe SE

J.P. Morgan

Nomura Financial Products Europe GmbH

Hellenic Financial Stability Fund (HFSF)

Waterwheel Capital Management LLC

Work highlights

  • Advised a syndicate of the Greek systemic banks in connection with the refinancing of the existing indebtedness to such banks of Athens International Airport S.A. (AIA) through the issuance of an up to €1,007,843,966 bond loan and the borrowing of an additional amount of €28,700,000 under the existing bond loan provided to AIA for the financing of five construction projects.
  • Advising Waterwheel Capital Management LLP on its potential investment in Project Solar.
  • Advised National Bank of Greece S.A., in its capacity as listing advisor, in relation to a technical dual listing of the Austrian Company AUSTRIACARD HOLDINGS AG on the Athens Exchange and the Vienna Stock Exchange.

Lambadarios Law Firm

Drawing upon ‘a sound commercial understanding of the market’, Lambadarios Law Firm provides a ‘very efficient, pragmatic and solutions-oriented’ service to stakeholders across myriad banking and capital markets transactions. Energy-related project finance is a particular area of strength, with the firm regularly utilising novel financing products and often engaged in negotiations with demanding international sponsors. Team head Prokopis Dimitriadis has been pivotal to work in this space, as has Katerina Gini, with both also excelling in NPL transactions. Constantinos Lambadarios has ‘excellent problem-solving skillswhich he utilises to good effect for lenders on project finance matters, including for the EBRD, which he recently advised, alongside Dimitriadis, on the landmark Greek Recovery and Resilience Facility (RRF), as part of the ‘Greece 2.0’ National Recovery and Resilience Plan. The ‘excellent and hardworking’ Yannis Kourniotis is also recommended.

Practice head(s):

Prokopis Dimitriadis

Other key lawyers:

Constantinos Lambadarios; Yannis Kourniotis; Kostas Botopoulos; Konstantina Siozou; Katerina Gini


‘It is a client-focused, results-oriented team with a sound commercial understanding of the market and the sector.’

‘They are very efficient, pragmatic and solutions oriented.’

The firm provides exceptional legal experience in the field of the competitive sale of NPL portfolios.’

‘Very experienced in the Greek project finance and renewable energy sector.’

Constantinos Lambadarios has excellent problem-solving skills.’

Yannis Kourniotis is excellent and hardworking.’

Prokopis Dimitriadis and Katerina Gini have a sharp understanding of any legal complexities and potential legal risks, with unmatched responsiveness and an acute perception on how to facilitate the business aspects of the deal making.’

‘Knowledgeable, flexible, focused problem solvers.’

Key clients

National Bank of Greece (NBG)

Piraeus Bank

Alpha Bank S.A

Eurobank S.A.

Brook Lane Capital

Davidson Kempner Capital Management LP

European Bank for Reconstruction and Development (EBRD)

Mytilineos S.A.

Grecian Magnesite S.A.


Work highlights

  • Represented the lead arrangers of a €680m project financing facility for the development of the Skouries Project in Northern Greece, entered into by Eldorado Gold’s subsidiary Hellas Gold.
  • Advised the EBRD on providing financing for projects under the EBRD Greek Recovery and Resilience Facility (RRF) Co-Financing Framework, which will be implemented as part of the ‘Greece 2.0’ National Recovery and Resilience Plan.
  • Assisted the four Greek systemic banks (Piraeus Bank, Eurobank, Alpha Bank, and the National Bank of Greece) with the amendment of a bond loan amounting to €120m issued by Aegean Airlines.


Displaying a ‘thorough and deep knowledge of the financial markets and relevant legislation’, POTAMITISVEKRIS is a popular choice among creditors and debtors across a broad swathe of conventional and highly bespoke financing mandates. George Bersis has ‘deep knowledge of capital markets regulations’, ensuring that he is a safe pair of hands for banks and underwriters in relation to IPOs, as well as follow-on offerings and bond issuances. Alexander Metallinos is also highly accomplished at advising on capital markets matters, which forms part of a wide-ranging finance offering that also includes acquisition finance, structured finance and non-performing exposures (NPE) securitisations. Under the guidance of the ‘hardworking, committed and commercially insightfulEuripides Ioannou, the team also excels at project finance work, and has developed a particularly strong reputation for advising lenders on providing the financing to fund power projects. Anthea Terlegas is also well versed in handling project finance mandates, as well as real estate finance transactions, and is well suited to handling cross-border mandates by dint of her English language skills and her dual Greek and UK legal qualifications. Stathis Potamitis is another high-profile name in the practice.

Practice head(s):

George Bersis; Euripides Ioannou; Anthea Terlegas

Other key lawyers:

Stathis Potamitis; Alexander Metallinos; Vassilis Stergiou; Maria Perifanou; Elena Theocharakou; Nikolaos Kampantais


They have a very good market overview and understanding of the client’s needs.’

‘They provide a significantly high level of service in terms of response times, business acumen and industry knowledge, appropriateness of advice, strength-in-depth of team and value for money.’ 

They have some of the most detailed knowledge on the financing of power projects, particularly from a lender’s perspective, including regulatory and commercial insights.’

Key clients

Alpha Bank

Piraeus Bank

National Bank of Greece

Fairfax Financial Holdings

Bank of Cyprus


Hellenic Development Bank

Euroxx Securities

Eurobank S.A.

AMC Oak SARL/Praxia Bank


Deca Investments Alternative Investment Fund

Aegean Airlines

Gek Terna Group

Ambrosia Capital Hellas

Attica Bank

Newsphone Hellas

Intrakat S.A.

Optima Bank S.A.

Premia Properties S.A.

Lamda Development S.A.

Dimand S.A.

Cubico Sustainable Investments Limited

Hines/Henderson Park

Dromeus Capital Group

Sani/Ikos Group

Mytilineos Group

The Greek Government (Ministry of Finance)

Hellenic Financial Stability Fund (HFSF)

Engineers and Public Works Contractors Fund

Work highlights

  • Advised Athens International Airport SA on its IPO.
  • Acting as Greek law adviser to the joint venture comprised of the Dimand Group and Premia Properties in relation to the financing of the sale of a majority stakeholding in Skyline Real Estate Single Member S.A., an SPV that will (directly or indirectly) hold a portfolio of more than 500 commercial real estate properties.
  • Representing the syndicate comprised of National Bank of Greece S.A., Piraeus Bank S.A. and Eurobank in relation to the financing of Terna Energy’s Kafireas project, a 330MW wind farm portfolio located on the island of Evia.

Zepos & Yannopoulos

The ‘commercial’ team at Zepos & Yannopoulos has ‘deep knowledge’ across a broad range of banking and finance work, ensuring that it is well positioned to advise lenders, funds and corporates across a myriad of transactional and regulatory work, including often complex, highly structured mandates. ‘Up to date with current developments‘, the firm has been at the vanguard of securitisation work, including as a means to monetise the systemic banks’ NPL exposure. In this regard, Christina Papanikolopoulou has been somewhat of a trailblazer, delivering ‘exceptional advice on the most complex deals’, including her recent work for Intrum on all aspects of Greek law regarding Project Senna, the latest NPL securitisation transaction originated by Piraeus Bank. The ‘responsive and very knowledgeableElena Papachristou is also a key member of the team, both for financial services regulatory work and debt and equity capital markets matters.

Practice head(s):

Christina Papanikolopoulou

Other key lawyers:

Elena Papachristou; Paris Tzoumas; Mary Nigritinou; Efthymis Naoumis; Athina Palli


‘It is a very strong team of legal professionals that is very experienced and up to date with current legislative developments.’

‘The commercial team has deep knowledge of the capital markets legal framework, and provides very cost-effective advice.’

Christina Papanikolopoulou delivers exceptional advice on the most complex deals.’

Elena Papachristou is responsive, always available and very knowledgeable.’

‘The team stands out for its industry expertise, responsiveness and effective communication.’

‘Very professional, with deep knowledge of their subject matter, responsive and respectful of the client’s timelines and needs. They were always on time and we never had to chase. We always knew we were getting well-thought-out solutions and advice.’

‘Deep knowledge, approachable people and a market-friendly attitude to problem solving.’

‘I believe what makes the difference and distinguishes Zepos & Yannopoulos from other law firms is the responsiveness and availability, which is exceptional. I would also add the very competitive billing, which is tailored to the needs and peculiarities of our business versus other law firms which are either expensive or rigid in their approach.’

Key clients

Piraeus Bank S.A.

European Reliance S.A.

Thrivest Holding Ltd

Alpha Bank S.A.

Intrum AB

Intrum Investments Greece

Intrum Hellas A.E.D.A.D.P.

Bracebridge Capital

Klarna Bank AB

Nexi Payments Greece Société Anonyme

Westfort Capital Limited (WFC)

Eurobank S.A.

Bain Capital Credit LP (BCC)

Brook Lane Capital

Fortress Credit Corporation

J.P.Morgan Securities plc (JPM)

Astarte Capital Partners

Azora Group

Bank Julius Baer & Co. Ltd.

Blackrock Global Funds

Centerbridge Partners


Elliott Investment Management L.P.


Franklin Templeton Investments Funds

Global Payments Inc.

National Bank of Greece

Schroder International Selection Fund

Société Générale

V Group

Ziglu Limited

Work highlights

  • Advised Thrivest Holding on the acquisition of a minority stake in Attica Bank.
  • Advised Intrum AB, Intrum Investments and Intrum Hellas in relation to all aspects of Greek law for Project Sunrise III, the latest HAPS securitisation transaction originated by Piraeus Bank.
  • Advised European Reliance on Allianz’s acquisition of a majority interest in the company.

AKL Law Firm

The ‘agile' and 'very friendly’ team at AKL Law Firm provides a ‘responsive and transparent service’ to a lender-focused client base on syndicated and bilateral loans to facilitate M&A activity and large projects. Team head Alexandros Kosmopoulos‘ ‘wealth of experience in the banking industry shines through in every aspect of his work’, including for systemic Greek banks, such as Eurobank, which he recently advised in relation to the recapitalisation of Ellaktor and the refinancing of its RES portfolio. The ‘incredibly talentedGeorge Zohios is also recommended and is appreciated for ‘his ability to simplify the most intricate financial matters’.

Practice head(s):

Alexandros Kosmopoulos

Other key lawyers:

George Zohios; Kostas Fatsis; George Athanassiou


‘The team is fully engaged, agile, up to date and very friendly to work with.’

They provide a responsive and transparent service.’

Alexandros Kosmopoulos’ wealth of experience in the banking industry shines through in every aspect of his work.’

George Zohios is an incredibly talented banking lawyer. From start to finish, he showcased a level of expertise and skill that left me thoroughly impressed. What sets him apart is his ability to simplify the most intricate financial matters.’

‘The individuals I have worked with are up to date in terms of experience and expertise. They handle my requests swiftly and they always seek to see things through to the very last detail. Lastly, they are very friendly and easygoing to work with.’

‘The team stands out for its commitment, accuracy, time efficiency, and value-for-money services.’

‘Deep expertise in this field. Clients can expect personalised attention, prompt communication, and commitment. The team prioritises ethical conduct and transparency in all interactions, fostering trust.’

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 on a suite of transactions resulting in the recapitalisation of Ellaktor S.A., the refinancing of its RES portfolio, the hive-down of such portfolio to the newly established Anemos RES and financing for the acquisition of Anemos RES by Anemos RES Holdings, a joint venture of MORE and Ellaktor.
  • Advised Eurobank S.A., National Bank S.A, Alpha Bank S.A. and Piraeus Bank on the refinancing of the indebtedness, releveraging and financing of capex of a group of companies whose Greek entities are the owners and operators of ultra-luxury hospitality resorts.
  • Advised Piraeus Bank on the financing provided to the SPV owning the McArthurGlen designer outlet mall for the purpose of refinancing its bank indebtedness and releveraging its capital structure.

Moussas & Partners Attorneys at Law

With a ‘deep knowledge of the banking, finance and securities sectordeveloped through an impressive roster of fee-earning work, as well as through the firm’s involvement as counsel to the Hellenic Deposit and Investment Guarantee Fund (TEKE), Moussas & Partners Attorneys at Law is well placed to advise lenders and borrowers across the full spectrum of financial products from a transactional and regulatory perspective. Managing partner Nicholas Moussas has ‘outstanding knowledge of banking and finance law, practice and regulation’, and through his role as general counsel of TEKE has been able to provide clients with tremendous insight into legal developments in the banking and capital markets industry. Other key contacts include Vassilios Moussas, who has ‘long experience in large-scale projects and with respect to innovative products and financial services’, and Charalampos Kondis, who has ‘excellent knowledge of the banking legal framework’.

Practice head(s):

Nicholas Moussas; Vassilios Moussas; Charalampos Kondis

Other key lawyers:

Maria Malikouti


The team have deep knowledge of the banking, finance and securities sector and advise their client across the full spectrum of financial products.’

They have profound knowledge and an always up-to-date understanding of the banking environment.’

‘The excellent team is knowledgeable, very hardworking and responsive.’

Nicholas Moussas provides practical and creative advice and has outstanding knowledge of banking and finance law, practice and regulation.’

Vassilios Moussas has long experience in large-scale projects and with respect to innovative products and financial services and continuously provides excellent advice.’

‘Charalampos Kondis is distinguished by his smart thinking and resourcefulness, which are blended skilfully with his excellent knowledge of the banking legal framework.’

Maria Malikouti is very knowledgeable and has participated in many high-profile and high-value projects.’

‘Moussas & Partners Law Firm has vast experience in banking and finance. I highly recommend the firm to anyone seeking representation that is fair, honest and will keep your best interest at the forefront. The team has problem-solving attitude and provides all the necessary explanations. We always feel safe and secure working with them.’

Key clients

Mubadala Capital


The Public Servants’ Supplementary Insurance Fund

Express Insurance SA (under liquidation)

Insurers’ and Insurance Companies’ Personnel’s Pension Fund (TEA-EAPAE)


Black Sea Trade and Development Bank

Mytilineos Holdings SA

Work highlights

  • Assisting Mubadala with its acquisition of Fortress from Softbank, with respect to regulatory considerations pertaining to the holding of an entity active in the sector of NPL servicers in Greece.
  • Representing one of the largest state pension funds in its ongoing claim against an investment firm on securities fraud charges.
  • Advised Black Sea Trade and Development Bank with respect to a €10m loan agreement entered into with Aegean Baltic Bank, along with an assignment agreement to further secure financing under the agreement.

Norton Rose Fulbright

Leveraging the expertise of a number of ‘very experienced and versatile lawyers’, as well as the ability to tap into international legal know-how by virtue of its vast global  network, Norton Rose Fulbright delivers ‘a highly commercial approach’ to lenders and borrowers engaged in financings within the core firm-wide areas of sector expertise, including transport, energy and TMT. Splitting his time between Athens and London, triple Greek, UK and US-qualified team head Yianni Cheilas is well versed at handling large syndicated financings for commercial banks (including many underwritten by export credit agencies), often in the context of shipping and offshore financings.

Practice head(s):

Yianni Cheilas

Other key lawyers:

Vassilis Koroxenidis; Evi Platsidaki; Niki Alexandrou; Dimitrios Rampos; Georgios Palogos; Sergios Karotsieris


Pioneering expertise in both local and international bilateral and syndicated loan transactions and the ability to draw from international law know-how.’

‘They are very experienced and versatile lawyers who provide a highly commercial approach.’ 

Being part of a global firm, the team understands complex matters, pays attention to detail and always provides comprehensive advice which is straight to the point.’

Vassilis Koroxenidis, Dimitris Rampos and Sergios Karotsieris are all easily accessible, commercially driven and happy to assist on complex legal matters and resolve legal issues.’

‘Professional experts, with business-oriented advisory know-how, excellent cooperation, and solid expertise.’

‘They are efficient, experienced, deeply understanding and professional.’

‘The team stand out for their commitment, excellent work deliverables, and in-depth knowledge of the banking and finance sector in Greece.’

Key clients

Alpha Bank A.E.

European Bank for Reconstruction and Development (EBRD)

Eurobank S.A.

European Investment Bank

National Bank of Greece S.A.

Piraeus Bank S.A.

PPC Renewables S.A.



Nordea Bank Finland plc

Deutsche Bank


ING Bank N.V.




Papapolitis & Papapolitis

Drawing upon ‘strong ties to the local business community and also very active in handling international transactions’, Papapolitis & Papapolitis provides a ‘goal and results-oriented‘ approach to lenders, funds and corporates across a wide array of transactional work, ranging from high-value NPL securitisations through to project and corporate finance mandates. Nicholas Papapolitis and Nikolas Katsaros are both well respected for their capital markets and acquisition finance work, and co-head the team alongside Maria Karabella, who is developing a thriving practice in domestic and cross-border financing matters, including corporate lending, off-shore and on-shore shipping finance, and structured and asset financing.

Practice head(s):

Nicholas Papapolitis; Nikolas Katsaros; Maria Karabella

Other key lawyers:

Anna Pavlaki; Erna Kritikou


They are goal and results-oriented.

‘They provide an exceptional advice.’

‘High-end legal firm, with extremely strong ties to the local business community.’

‘Very active in handling international transactions with reputable international funds.’

Key clients

Morgan Stanley & Co. International

ECM Partners

Piraeus Bank S.A.

Eurobank S.A.

Alpha Bank S.A.

Fidera Group

Intralot Group

Famar Group

Prodea Investments S.A.

Euroxx Securities

Castlelake LP

Depa Commercial S.A.

Ambrosia Capital

Invel Real Estate Group

Work highlights

  • Advised Morgan Stanley, as lead arranger, in relation to the sale by National Bank of Greece of a multi-asset securitisation of a c.€1bn portfolio of non-performing loans.
  • Advised Piraeus Bank on its first ever Recovery and Resilience Facility (RRF) to auto leasing company Avis Greece for €760m.
  • Advised Eurobank, Piraeus Bank, Alpha Ban and Euroxx Securities in relation to Lamda Development’s first green listed bond for €230m.

Platis – Anastassiadis & Associates Law Partnership

Noted for its ‘innovative approach’, Platis – Anastassiadis & Associates Law Partnership provides ‘solutions-focused and business-grounded advice’ across a range of banking and capital markets matters. Although the firm does handle some transactional work, it is undoubtedly best known for its regulatory prowess, both in conventional banking and fintech-related matters. ‘Responsive, productive, and solutions-oriented’ managing partner Eirinikos Platis has been pivotal to the team's success on the regulatory front and, as well as advising commercial banks, has been instructed by the Greek Ministry of Finance for advice in relation to the four systemic banks, in addition to a recent high-profile mandate regarding the modernisation and strengthening of the country’s capital markets infrastructure. Vassileios Mavrommatis co-heads the team alongside Platis and is noted, in particular, for his NPL knowledge.

Practice head(s):

Eirinikos Platis; Vassileios Mavrommatis

Other key lawyers:

Alexandra Balta


‘The firm provides solutions-focused and business-grounded advice.’ 

‘It is a very strong team with superior knowledge, especially on banking and finance matters. Their ability to solve the most complex regulatory matters and their exposure to digital financing distinguishes them from others in the market.’

‘Innovative approach. A highly skilled team of young professionals committed to providing the best solution to their clients.’

‘Eirinikos Platis is our trusted advisor for our operations in Greece. We often engage him with advice for multiple European jurisdictions.’

Eirinikos Platis is responsive, productive, and solutions oriented.’

‘Superb drafting of contracts. They ensure that all legal aspects are considered in our projects.’

‘The team demonstrated a strong understanding of the legal challenge we were facing and put forward a practical approach tailored to the industry’s characteristics to address the issue. The team exhibited a remarkable cohesion, with each legal advisor being well-informed and possessing an in-depth grasp of the legal framework.’

‘The qualities I would highlight about the firm include teamwork, problem-solving ability, technical proficiency, attention to detail, creativity, negotiation skills, network and ethical behaviour.’

Key clients

Greek Ministry of Finance

European Bank for Reconstruction and Development (EBRD)

Hamburg Commercial Bank AG

Viva Payment Services Single Member S.A.

Individual Mortgage Solutions – Financial Consulting (IMS-FC OE)

Santander Consumer Finance S.A.

CERO Generation Holdings Greece Limited

Nordic Leisure Travel Group

Starboard Digital Strategies

Work highlights

  • Advised the Greek Ministry of Finance on the project for ‘Designing the Capital Market Development Strategy for Greece’’, aiming to strengthen the Greek capital markets.
  • Obtained, on behalf of IMS Individual Mortgage Solutions FC, the first licence ever to be provided by Bank of Greece to an independent housing credit intermediary.
  • Provided legal advice in relation to the establishment of the FinTech Regulatory Sandbox at the Bank of Greece.

Watson Farley & Williams – Greek Branch

Led by Virginia Murray, the ‘very client and business-oriented team’ at Watson Farley & Williams – Greek Branch is best known for its project finance prowess, acting for a strong client base that includes a mix of banks and investors. As well as an involvement in infrastructure and transportation projects, the team also regularly handles complex renewable projects, where it is well equipped to advise on the full scope of regulatory and financing matters throughout the project life cycle. The firm is also noted for its shipping finance expertise.

Practice head(s):

Virginia Murray


‘It is a very client and business-oriented team.’

‘It is a diverse team with highly experienced and friendly professionals, who deliver results in a timely manner even in the most sophisticated matters.’

They have a deep knowledge of the shipping finance business.’

Key clients

Cubico Sustainable Investments Limited

Impax Energy

Next Energy

Inter Energy

Solegreen Limited

Nofar Energy

Cero (part of Macquarie Group)

Total Eren S.A.

European Bank for Reconstruction & Development

Metka EGN Limited

Jasper Wind Hellas S.A.

Emergya Wind Technologies (EWT)

547 Energy (Quantum Energy Capital)

Cantreva S.A.

Baywa R.E.

Alpha Bank S.A.

Themeli S.A.

National Bank of Greece S.A.

RF Energy S.A.

Purenergy S.A.

Your Legal Partners

The ‘highly business-savvy’ team at Your Legal Partners provides a ‘results-oriented, attentive, and cost-effective’ service to lenders and borrowers on real estate and project financing mandates, in particular. In this context, the firm has ‘extended knowledge of the financing of concession projects’, with the ‘proactive and solutions-orientedKaterina Christodoulou combining procurement and banking knowledge to good effect on some major public project contracts – including her recent work for the lenders on a major domestic transport infrastructure project. The ‘very diligentFotini Mavrikaki has ‘in-depth legal knowledge’ across a range of new money and distressed banking matters, including work for investors purchasing NPL portfolios. The ‘very experienced and knowledgeableKaterina Politopoulou co-heads the team alongside Christodoulou and, as well as regularly assisting on project finance matters, is also noted for her structured finance prowess.

Other key lawyers:

Fotini Mavrikaki; Prokopis Linardos; Anastasia Kakali


‘A highly business-savvy team, with a great combination of legal knowledge and business sense, which is responsive to tight timelines, has reasonable fees, and incorporates AI technology into document reviews.’

‘The team is very efficient and has extended knowledge of the financing of concession projects.’

‘It has a banking team which is experienced in acting for lenders as well as borrowers on the full range of financing transactions. They are very efficient, with an understanding of the client’s deal-specific needs, and are quick in drafting contracts. Their partner-led approach sets them apart from the competition.’

‘They are results-oriented, attentive, and cost-effective.’ 

‘Katerina Politopoulou is a very experienced and knowledgeable banking lawyer.’

‘The very experienced Katerina Christodoulou is proactive, solutions-oriented and thinks outside of the box.’

‘Fortini Mavrikaki is very diligent and has in-depth legal knowledge. She has great communication skills. Prokopis Linardos is a multitasker. He smoothly adjusts to the client’s requirements and provides solid and quick assistance.’

‘Anastasia Kakali is very focused and diligent, with a strong problem-solving attitude.’

Key clients

GrowthFund, the National Fund of Greece

National Bank of Greece SA

Piraeus Bank SA

Eurobank SA

Alpha Bank SA


H.I.G Capital


EOS Group

Hellenic Republic Asset Development Fund (HRADF)



Finint Investments SGR

Work highlights

  • Advised the lenders on the financing of the circa €2.4bn Attica Motorway concession to a bidding consortium consisting of VINCI Concessions S.A.S., VINCI Highways S.A.S. and Mytilineos S.A.
  • Advising Eurobank SA and Piraeus Bank, as mandated lead arrangers, on the financing for the first phase of the investment of Lamda Development.
  • Advised the sponsors, a consortium between AVAX GROUP and MYTILINEOS S.A., on the €425m financing by Piraeus Bank of the first road PPP agreement for the design, financing and construction of the Eastern Ring Road of Thessaloniki.

Bahas, Gramatidis & Partners

Bahas, Gramatidis & Partners provides ‘responsive and commercial’ advice to lenders and borrowers across a broad swathe of banking and capital markets transactional and regulatory matters, ranging from syndicated and bilateral loans through to NPL-related matters and due diligence ahead of listings on the Athens Stock Exchange. Managing partner Dimitris Emvalomenos is vastly experienced in the field and is particularly adept at advising banks on the securitisation of their NPL portfolios. Drawing upon experience gleaned from a previous in-house position at a major domestic bank, as well as in private practice, team head Marios Bahas has an excellent perspective on the commercial drivers affecting financial institution clients and provides rounded transactional and regulatory expertise. Betty Smyrniou handles commercial and financing work within the aviation sector.

Practice head(s):

Marios Bahas; Dimitris Emvalomenos

Other key lawyers:

Betty Smyrniou; Popi Papantoniou; Maria Tranoudi; Nikolaos Stavroulakis; Charilaos Agathos; Evelina Dafni; Eleni Loli; Danai Manousopoulou


‘What makes this practice unique is the speed and the immediate response to any requests, and the expertise in matters of both domestic or foreign law, especially in the areas of banking and commercial law.’

‘The main difference from its competitors is the engagement that the whole team shows to us and their ability to resolve difficult and rare legal matters at very short notice. That gives us a great comfort that every legal matter will be easily resolved.’

Key clients

Pancreta Bank S.A.


Royal Canin



Bluebird Airways

Marathon Airlines SA

Olympus airways

Aviation Capital Group

Helloworld Travel Limited

Work highlights

  • Advising Pancreta Bank on various matters, including the acquisition of assets of HSBC in Greece.
  • Advising HDVS Hellas S.A. on various financial issues.
  • Advising Royal Canin Greece on various financial issues.

Dryllerakis & Associates

Led by the ‘knowledgeable and responsiveEmmanuel Dryllerakis, Dryllerakis & Associates provides ‘succinct and commercial’ advice to creditors and debtors across a wide range of financing mandates, including within the energy and tourism sectors. In addition, the team regularly advises on NPL transactions, as well as handling work for foreign and domestic entities seeking to comply with national financial services regulations. The ‘exceptional’ Themelis Zamparas is another key member of the team and regularly acts for lenders and borrowers on bond loans and refinancings, as well as being adept at advising public companies on compliance with ATHEX requirements.

Practice head(s):

Emmanuel Dryllerakis

Other key lawyers:

John Dryllerakis; Stella Yannika; Themelis Zamparas; Smaragda Athanasakou; Eirini Chagiou; Leonidas Kastrinakis


‘The team is composed of highly educated individuals who care about the needs of the client. They are responsive, professional and provide succinct and commercial advice.’

‘The exceptional Themelis Zamparas is always ready to handle any task effectively and within tight deadlines. His legal advice is always succinct and solutions-oriented.’

‘Emmanuel Dryllerakis is knowledgeable and responsive.’

‘Emmanuel Dryllerakis has excellent business acumen and excels in finding workable solutions.’

Key clients

Belterra Investments Ltd.

Helleniq Energy S.A.

Lampsa Hellenic Hotels S.A.

Loulis Mills S.A.

Thessaloniki Port Authority S.A.

Syndication of “ALPHA BANK – EUROBANK S.A – NBG”

Aquila Hotels SA

Systems Sunlight SA

Thessaloniki Port Authority

Regency Entertainment S.A.

Reden Solar

Work highlights

  • Advised the syndicate of banks throughout the negotiation of the terms for the refinancing of a secured bond loan amounting to up to €150m for the financing of the purchase from an SPV owned by HelleniQ Energy Holdings S.A of compulsory stock crude oil and petroleum products.
  • Advised Sunlight Systems S.A. on the issuance of an RRF syndicated bond loan amounting to €140m for the purposes of financing the company’s innovative investment plans that meet the criteria of the “Greece 2.0” National Recovery and Resilience Plan.

KLC Law Firm

Appreciated for its ‘very collaborative’ approach, KLC Law Firm has gained most acclaim in the market for its lender-side work on the funding of large-scale domestic projects, including a number of recent mandates within the hospitality sector. Many of these matters flow from systemic banks, with the firm’s regulatory and transactional expertise coming to the fore in relation to project financing mandates under the country’s Recovery and Resilience Facility (RRF). ‘Very commercially minded’ managing partner Panagiotis Tzioumas has extensive experience in project finance, debt restructuring and NPL transactions, and also provides ‘significant added value in the context of financing co-granted by state and EU authorities, as well as supranationals‘. Evi Dimitropoulou now heads the team and adds weight to the firm’s growing project finance credentials.

Practice head(s):

Evi Dimitropoulou

Other key lawyers:

Panagiotis Tzioumas


‘They are easy to work with and very collaborative.’

The team is comprised of highly knowledgeable and business-oriented professionals, who meet clients’ needs and expectations.’

‘The outstanding Panagiotis Tzioumas combines high-quality legal advice with a pragmatic approach. He is very commercially minded and capable of providing tailor-made and innovative solutions to meet clients’ needs.’

Panagiotis Tzioumas is talented at finding solutions when the deal seems to have reached a dead-end.’

Panagiotis Tzioumas provides significant added value in the context of financing co-granted by state and EU authorities, as well as supranationals.’

‘Panagiotis Tzioumas is always very friendly, easy to access and actually involved throughout the whole process. I’m very happy to work with him.’

‘They have significant experience in the banking field and very important academic skills, which helps to address complex legal problems. Exceptional collaboration with the in-house team, which is due to both the people involved and, most importantly, the culture of the law firm.’

Key clients

European Investment Bank

Hellenic Financial Stability Fund (HFSF)

DBRS Morningstar

Ministry of Finance

Shnappi Bank SA

Europe General Insurance SA

Work highlights

  • Acting as sole external legal advisor to the European Investment Bank (EIB) on the implementation of EU financial instruments in Greece.
  • Advised the Hellenic Financial Stability Fund on the formulation of its divestment strategy relating to the disposal of its participations in local commercial banks.
  • Advising Snappi SA, a joint venture between Piraeus Bank and Natech SA, on all matters relating to its licensing and operation as a digital bank.

Moratis Passas Law Firm

Combining local expertise with an international mindset, Moratis Passas Law Firm is a popular choice among domestic and international banks, funds and investors across a strong mix of transactional and restructuring matters, as well as regulatory mandates. Vassilis Saliaris is one of the main contacts within the team and is particularly adept at handling buy and sell-side NPL mandates. Saliaris co-heads the team alongside managing partner Dimitris Passas.

Practice head(s):

Dimitris Passas; Vassilis Saliaris

Other key lawyers:

Pelagia Klara; Maria Androulaki

Key clients

Alpha Bank

Citibank Europe Plc

Citigroup Global Markets Limited


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



Davidson Kempner European Partners LLP


Politis & Partners

The ‘extremely responsive and dependable’ team at Politis & Partners handles a range of financial transactions, including sovereign and syndicated loans, secured and unsecured loans, and project finance mandates – where it is particularly noted for its ability to provide ‘well-informed advice and carrying out tasks that involve multiple jurisdictions’. The ‘very practical’ Vangelis Politis provides ‘commercially sensible solutions’.

Practice head(s):

Vangelis Politis; Nikolaos Anastopoulos; Emmanouil Savoidakis

Other key lawyers:

Dimitrios Theodoropoulos


The team provides well-informed advice, excelling in tasks that involve multiple jurisdictions.’

‘They are extremely responsive and dependable.’

‘Vangelis Politis is very practical as a lawyer, meaning that he has a results and time-oriented approach. His goal is to conclude the deal, rather than to spend and charge hours to the client.’

‘Vangelis Politis offers commercially sensible solutions where necessary.’

‘Vangelis Politis and his team are true experts in banking and finance matters. They have been extremely helpful and responsive, with top-notch expertise. Their performance is always stellar.’

Key clients

Piraeus Bank S.A.

Bank of Cyprus S.A.

Eurobank Leasing S.A.

Eurobank S.A.

NetData Inc.

Bausch Health Hellas

V+O Communication & Consulting S.A.

SPI Energy Co. Ltd

Bosch Rexroth Group

Sun Chemical Group

CPI Computer Peripherals International

Abbott Laboratories (Hellas SA)

Metavallon VC

Work highlights

  • Acted for Eurobank Leasing SA in two multimillion-euro leasing financings which were provided to one of the biggest global telecoms operators.
  • Represented Piraeus Bank in relation to a concession contract for the granting of port operation services.
  • Advised Eurobank on the financing a 40MW wind farm, owned by a major Greek energy group.

PPT Legal

Drawing upon ‘vast and impressive knowledge across the banking, finance and capital markets fields’, PPT Legal is well positioned to advise stakeholders engaged in a wide array of new money and refinancing mandates. The transportation sector is a particularly rich source of work (both in relation to aviation and shipping finance), with a client base including banks, operators and lessors that ensures the firm has an excellent perspective on transactions from both the creditor and debtor side. Team head John Papapetros is at the forefront of the majority of the team's high-profile deals, including a number of recent bond issuances in the hospitality sector.

Practice head(s):

John Papapetros

Other key lawyers:

Alexandros Kalantzis; Vicky Katsouli; Sonia Horvathova; Dimitris Manolopoulos


‘The very friendly team provides to-the-point, expert advice without being arrogant.’

‘PPT Legal’s team has vast and impressive knowledge across the banking, finance and capital markets fields, which ensures they are capable of dealing with the most critical situations in a swift and professional manner, while proficiently adapting to any new situations that may suddenly arise.’

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 Aviation USA and its subsidiary WWTAI Airopco II Dac Of Ireland

Work highlights

  • Represented certain ship owning companies belonging to Canfornav Group in the amendment and restatement of a $22.25m Hamburg Commercial Bank AG facility.
  • Advising Navios Maritime Holdings on a $550m debt financing transaction.
  • Advising Intrum in connection with the transfer of the rights and obligations of Piraeus Bank under a certain loan agreement and related documents to Piraeus SNF Designated Activity Company.

Saplegal - A.S. Papadimitriou & Partners Law Firm

The ‘knowledgeable, responsive and client-oriented’ team at Saplegal - A.S. Papadimitriou & Partners Law Firm is noted not only for its black-letter legal knowledge but also its ability to provide ‘practical and constructive solutions’ to lenders, including large systemic banks such as Eurobank, across a wide range of regulatory and transactional mandates. Team head Thenia Panagopouloucombines in-depth legal expertise and a commercial approach’ and has developed a particularly strong reputation for advising lenders and borrowers on distressed banking deals (both on the lender and borrower side), as well as on NPL mandates. Stergios Frastanlis is also a name to note.

Practice head(s):

Thenia Panagopoulou

Other key lawyers:

Mantha Varela; Stergios Frastanlis


‘The team is knowledgeable, responsive and client oriented.’

They display a very constructive and commercial approach, providing excellent legal advice but also practical and constructive solutions.’

Thenia Panagopoulou combines in-depth legal expertise and a commercial approach.’

‘Thenia Panagopoulou is a business-oriented lawyer who is always working towards her client’s best interests. She has a broad experience in financial markets transactions and always has the ability to bring the counterparties together in concluding any deal.’

‘Mantha Varela has added value to the firm by providing diligent solutions in complex deals.’

Key clients

Attica Bank

Eurobank S.A.

Piraeus Bank S.A.

SMERemediumCap Fund

Avramar Group


Work highlights

  • Advised Piraeus Bank, as originator, in connection with Magnus NPL Finance DAC’s securitisation of a portfolio of non-performing and performing receivables.
  • Advised Attica Bank in relation to the issuance, buy-out, admission to the Regulated Securities Market of the ATHEX and trading of warrants pursuant to the provisions of L. 4172/2013.


In addition to its traditional strength in financial services regulatory and litigation matters, Sarantitis‘ team, which is led by Alexandros Metaxas, is increasingly active in handling transactional work. In this regard, the maritime sector continues to inform a considerable volume of this work, but broader corporate finance and debt refinancing mandates also feature.

Practice head(s):

Alexandros Metaxas

Other key lawyers:

Eleni Papakosta; George Dedes; Antonis Katsigiannis; Villie Sarli


Sarantitis Law Firm stands out due to its exceptional team strengths, which ensure the highest level of legal services, making it a top choice for potential clients seeking a unique, fully committed and client-focused law firm.’

They display an unwavering commitment to delivering top-notch legal services.’

Key clients


The Standard Bank of South Africa

Smiles Trademarks Single Person PCC

Printec SA

Printec Group

Work highlights

  • Advised HSBC Private Bank (Suisse) on the provision of a €5m loan for real estate finance purposes, among other matters.
  • Advising UBS on a regular basis on highly specialised and diversified legal issues concerning Greek banking and investments law.

Souriadakis Tsibris

Leveraging excellent ties with the regulatory authorities and agencies, Souriadakis Tsibris is well positioned to advise foreign banks, investment firms, ratings agencies and fund managers regarding the legality of investments, the creation of new instruments, the offering of services in or into Greece and the approach to Greek customers. ‘Excellent’ team head Michael Tsibrisprovides solutions-oriented advice’ across a range of regulatory mandates (including as it relates to financial services M&A), as well as handling a considerable volume of capital markets matters.

Practice head(s):

Michael Tsibris

Other key lawyers:

Giannis Koumettis


‘The team consists of highly motivated individuals, who have knowledge and understand the needs of the client. They demonstrate professionalism and ethics.’

‘The excellent Michalis Tsibris has in-depth knowledge and provides solutions-oriented advice.’

Key clients

Allianz Hellas Insurance SA

Ideal Holdings SA

Pancreta Bank

JP Morgan SE

Ballie Gifford & co

Work highlights

  • Advising Allianz Hellas SA on a number of regulatory issues connected with its ongoing merger with European Reliance S.A.
  • Advised Pancreta Bank on its successful capital raising of €100m.
  • Advised Ideal Holdings on the acquisition of Byte S.A. through a public offer to its shareholder.

Tsibanoulis & Partners

Underpinned by a deep knowledge of the complex underlying financial regulatory framework within the country, Tsibanoulis & Partners provides an holistic service to lenders and borrowers across a broad range of transactional work, running the gamut from syndicated lending matters to bond issuances and debt restructuring. Anna Apostolaki and Emmanouil Komis co-head the team and are both very adept at handling complex transactional and standalone regulatory mandates within the capital markets arena, as well as in the context of broader banking work. The firm is also skilled in handling financing work with a governmental aspect, with managing partner Dimitris Tsibanoulis having significant exposure to mandates relating to the recapitalisation of banks following the Greek debt crisis. Sofia Kizantidi is another key contact.

Practice head(s):

Anna Apostolaki; Emmanouil Komis

Other key lawyers:

Dimitris Tsibanoulis; Konstantinos Antonakis; Kanellos Klamaris; Nicholas Kontizas; Sofia Fotopoulou; Michail Plataniotis; Sofia Kizantidi

Key clients

Hellenic Corporation of Assets and Participations (HCAP)

Domiki Kritis SA

Domiki Energeiaki SA

Aegean Baltic Bank

Work highlights

  • Advising on a capital markets transaction between Domiki Kritis SA and Adamas Group, whereby Adamas Group made a minority shareholding purchase of Domiki Kritis’ shares.
  • Advised Domiki Energeiaki SA, a wholly owned subsidiary of a publicly listed company, on its merger with two affiliated entities.

Tsoukala and Partners Law Firm

Tsoukala and Partners Law Firm provides ‘high-quality and responsive advice’ to lenders and borrowers across a range of finance-related work, running the gamut from arranging corporate finance and real estate finance facilities, through to securitisations and NPL mandates. Team head and managing partner Eleni Tsoukala is central to the firm’s success in the area, including her recent work advising the majority shareholder of Chipita on certain post-closing finance matters relating to the $2bn sale of its business to Mondelēz International. The firm is also very active in the fintech space and is abreast of developments in the area, both domestically and internationally (in part due to its membership of the FinTech Lawyers Network).

Practice head(s):

Eleni Tsoukala

Other key lawyers:

Ioanna Moumtzoglou


‘They provide high-quality and responsive advice.’

‘They display excellent drafting skills in English and Greek, and are able to research and provide invaluable advice on various matters.’

‘Eleni Tsoukala and Ioanna Moumtzoglou stand out for their professionalism and the high quality of their work.’

‘In-depth knowledge and real-time feedback related to regulatory matters. Eleni Tsoukala and Ioanna Moumtzoglou are great collaborators and are always a pleasure to work with.’

Key clients

Alpha Bank

Delivery Hero SE (e-Food)

Bank of America Merrill Lynch

The Viohalco Group

The Olayan Group

Feld Entertainment Inc.

Work highlights

  • Advised a major multinational group on the banking and finance aspects relating to the global multimillion-euro sale of its worldwide subsidiaries, including all of its Greek activities by way of a share sale.
  • Advised the majority shareholder of Chipita S.A. on certain post-closing finance aspects relating to the approx $2bn sale of its business to Mondelēz International.
  • Advised a real estate company in Greece on its multimillion-euro financing for the acquisition, renovation and further development of a hotel complex located on one of the Greek islands.

Avramopoulos & Partners

Avramopoulos & Partners has deep knowledge across a range of financial products, including RCFs, syndicated loans and bond issuances, enabling it to provide effective advice to a borrower-focused client base seeking to raise finance for event-driven and general working capital purposes. Other work includes advice on NPL mandates, as well as financial regulatory matters. Team head Athanassios Avgeros handles transactional and regulatory matters, including as it relates to project finance and asset finance mandates.

Practice head(s):

Athanassios Avgeros

Other key lawyers:

Barbara Angelopoulou

Key clients

Dexia Holdings Ltd

Nueria Properties

Work highlights

  • Advised Nueria Properties on the issuance of a bond loan of €700,000.


KBVL has ‘deep expertise in the banking and finance sector’, regularly advising lenders and borrowers on both transactional and regulatory work. ‘Knowledgeable and very responsive’ team head Alkis Mirkos is appreciated for his ability to provide ‘new and innovative solutions’ in relation to new money and restructuring mandates, as well as on the buy and sell side of NPL portfolios.

Practice head(s):

Alkis Mirkos

Other key lawyers:

Ilias Koimtzoglou; Eva Petroglou; Sofia Katrivesi


‘The team is very knowledgeable, with good coverage across various specialities.’

‘What sets them apart is their unwavering commitment to excellence and their deep expertise in the banking and finance sector.’

Their ability to navigate complex legal matters is truly exceptional.’

‘Alkis Mirkos is knowledgeable and very responsive.’

‘Alkis Mirkos proposes new and innovative solutions.’

‘The team is very professional, flexible, reactive and efficient, with a thorough knowledge of the sector.’

‘Alkis Mirkos is a very knowledgeable lawyer with a strong academic background, who always pays attention to the details of transactions and provides high-quality advice. He is always accessible and responsive, has a practical point of view and is flexible and business-oriented. He is very quick, efficient and diligent, even when working to very tight deadlines.’

‘Deep understanding of the market and the relevant legal regime.’

Key clients


Cooperative Bank of Chania

Machas & Partners Law Firm

The 'small but dynamic’ and ‘entrepreneurial’ team at Machas & Partners Law Firm has a ‘wealth of knowledge and proficiency in handling the intricacies of financial structures’, both from a domestic and cross-border perspective. The scope of this work includes covenant-lite and high-yield debt products in relation to acquisition finance mandates, as well as highly structured products and NPL-related work, where the firm is noted for its ability to handle securitisations encompassing various receivable types, alongside synthetic and traditional securitisation activities. With an ‘unparalleled dedication to client success’, Petros Machasleads the firm with aplomb’, with valuable support from the likes of the ‘ferociously bright and technically brilliantSonia Saranti, who was promoted to partner in January 2024.

Practice head(s):

Petros Machas

Other key lawyers:

Sonia Saranti; Daphne Kasimati; Dimitris Spyridakis


‘The firm has a deep knowledge of the Greek banking sector, with involvement in some of the largest and most complex securitisations and restructurings. Through their London office they are now successfully building an international profile.’

‘Machas and Partners possesses a wealth of knowledge and proficiency in handling the intricacies of financial structures, whether they pertain to domestic or international scenarios. The firm provides a wide array of services within the domain of transactional and strategic banking.’

‘The small but dynamic team has a very entrepreneurial mindset and always focuses not only on how to find the best solution possible for their client but also on how they can utilise their breadth of capabilities to provide innovative options for their clients. Lastly, the way they collaborate with the client teams is very efficient, always respectful and results-driven.’

Petros Machas leads the firm with aplomb. His experience and contacts are second to none, as are his commercial and strategic nous.

‘Petros Machas has a unique way of synthesizing even the most complex problems and coming up with a practical and effective solution.’

‘Sonia Saranti is the complete package. She is ferociously bright, technically brilliant, has excellent strategic and commercial instincts, is committed to her clients, and always goes the extra mile.’

‘Sonia Saranti is a young banking lawyer but very promising and completely committed to client care.’

Dimitris Spyridakis is a joy to work with. He is hardworking, has good technical skills, and is great with clients.’

Key clients


Kleemann Lifts UK Limited

Navarino (UK) Limited

Grammikos Group

Eurobank SA

Piraeus Bank SA

Clayton Holdings Ltd

Thea Artemis AEDADP

Ellington Solutions SA


Brite S.A.

On Property Management Ltd

Blinq Ltd

Work highlights

  • Represented the group of sellers in a landmark private acquisition of the two leading providers of post-secondary education in Greece (IEK AKMI and Metropolitan) accompanied by a reinvestment by the seller in the top-tier holding entity of the acquirer, an entity controlled by BC Partners.
  • Advising Eurobank SA in its capacity as lender in the €25m financing of a wind park with a total nominal capacity of 39.6 MW.
  • Advising the licensed manager of loan receivables, as well as the US investor controlling it, on a potential restructuring of one of the most pioneering securitisations that have been completed in the Greek market in the last few years.

Sioufas & Associates Law Firm

Combining strong legal advice with the use of legal technologies, the ‘very effective, efficient, results-driven’ team at Sioufas & Associates Law Firm is particularly adept at advising on NPL-related matters for a buy-side client base. Managing partner George Sioufas is pivotal to this work and has deep experience in relation to the necessary due diligence on such transactions. On the lender side, the firm has a particularly strong reputation for representing banks in both out-of-court dispute resolution and litigation.

Practice head(s):

George Sioufas; Olga Eftychidou; Nikolaos Katiforis

Other key lawyers:

Marios-Panagiotis Skouras; Konstantinos Ampazas; Aristotelis Aggelis; Nikolaos Stavrou


‘Their collaboration and engagement in the area of banking and commercial law practice is excellent.’

The very effective, efficient, results-driven team is extremely experienced in all legal and pre-legal NPL issues.’

They understand our business needs and go the extra mile to deliver results.’

Key clients

Special Financial Solutions S.A.

Piraeus Bank S.A.

Cepal Hellas Financial Services S.A.

Pancreta Bank S.A.

Alpha Bank S.A.

doValue Greece


Veraltis S.A.


Arena Investors LP




EOS Matrix Receivables Management from Loans and Credits Greece Single Member S.A.

Alpha Bank S.A.

doValue Greece Loans and Credits Claim Management S.A.

Hellas Capital Leasing Single Member Societe Anonyme

Work highlights

  • Advised doValue Greece Loans and Credits Claim Management S. A. on the sale of Eurobank’s retail unsecured non-performing loan portfolio, “Project Souq”, which was one of the largest secondary sales of NPL portfolios in Europe with a deal amount of €630m.
  • Performed due diligence for a fund invested into by EOS Matrix Receivables Management from Loans and Credits Greece Single Member S.A. for the acquisition of a portfolio of non-performing loans out of the Frontier 1 securitisation “Project Virgo”, with a deal amount of €135m.
  • Advised Southrock Asset Management on the acquisition of HELPE’s non-performing receivables portfolio backed by real estate assets, as part of “Project Proteus”.