Projects and privatisation in Greece

Bernitsas Law

Bernitsas Law is often first on the list for landmark projects and privatisations. Recently, it advised the Hellenic Republic Asset Development Fund (HRADF) on the privatisation of the National Train Operating Company, which was sold to Ferrovie Dello Stato. The practice also advised a consortium of bidders, including Transgaz and the EBRD, in the tender for a 66% stake in the Hellenic Gas Transmission System Operator (DESFA). Key partners include Dimitris Roussis and Yannis Seiradakis, who jointly lead the privatisations team, as well as Nikos Papachristopoulos; while the project finance & PPPs team is led by Panayotis BernitsasYannis Kourniotis is now at Lambadarios Law Firm.

Dryllerakis & Associates

Dryllerakis & Associates has a long and distinguished track record in this area, and is often involved in the country's largest matters. Recently, it advised the preferred bidding consortium on the €230m agreement for the privatisation of the port of Thessaloniki by HRADF. The firm is also advising Hellenic Casino Parnitha on the relocation of Casino MontParnes, a joint venture between Regency Entertainment and HRADF, from its mountaintop location to an urban site. Emmanuel Dryllerakis leads the team, which also includes Cleomenis Yannikas.

Karatzas & Partners

Karatzas & Partners has a 'solutions-oriented' and 'very experienced team with fantastic knowledge of the market'. The firm has an incredibly strong private sector client base and has been involved in several major infrastructure projects including advice to the project company on the Greek leg of the €3bn Trans Adriatic Pipeline project. The firm also acts for lenders on the financing of renewables projects. Alexandros Metallinos and Christina Faitakis have strong standings in the market.

Koutalidis Law Firm

Koutalidis Law Firm has an excellent pedigree for advising both public and private sector clients, and has acted for HRADF on several occasions since the organisation was launched in 2011. The group also has a sterling reputation for infrastructure projects and has been involved in several major toll road deals. Nikos Koritsas and Nikos Salakas respectively head the privatisation and projects groups.

Kyriakides Georgopoulos Law Firm

Kyriakides Georgopoulos Law Firm is a top choice for major energy and infrastructure projects, and its sector-led expertise has also put it in good stead for related privatisations. Notably, it is advising the consortium of preferred bidders on the €535m privatisation of DESFA, which operates Greece's gas distribution network. Other key clients include ABO Wind, Repsol Exploracion, and State Grid Corporation of China. Gus Papamichalopoulos and Elisabeth Eleftheriades jointly lead the team.

Norton Rose Fulbright

Norton Rose Fulbright is 'always up to date and ready to drive our focus on what really matters', and is credited for its 'outstanding skills in managing the process'. In the past year the firm has been involved in several major renewables deals. Dimitris Assimakis is 'great value', while Vassilis Koroxenidis and Elena Tsohou are both leading players in the market.

PotamitisVekris Law Firm

PotamitisVekris Law Firm is frequently instructed to advise on major energy and infrastructure projects and PPPs. A significant highlight is advising Euroasia Interconnector as EU-appointed project promoter on the Israel-Cyprus-Greece electricity interconnection. The firm also advised HRADF on the sale of its 66% stake in the Greek gas distributor, DEPA. The team, led by the highly-respected Euripides Ioannou, fields an array of talent, including banking partner George Bersis.

Alexiou & Kosmopoulos Law Firm

Alexiou & Kosmopoulos Law Firm handles major privatisations and development projects. The firm advised HRADF on the €231m privatisation of the port of Thessaloniki. Turning to its work for private sector clients, it continues to represent Lamda Development on all aspects of the Hellenikon project, Europe's largest real estate project, which is located on the site of Athens' former international airport. Alexandros Kosmopoulos, Constantine Alexiou, Helen Alexiou and George Zohios are all recommended.

KLC Law Firm

KLC Law Firm's expertise in privatisation is demonstrated by its appointment by HRADF to advise on its €1.2bn disposal of Hellenic Petroleum. This follows similar deals, such as HRADF's privatisation of ten ports. The firm also represents private sector clients, such as Terna Group, on related issues. Thomas Lamnidis and Univ Prof Dr Vassilis Voutsakis jointly lead the well-regarded team.

Lambadarios Law Firm

Lambadarios Law Firm bolstered its practice through the high-profile recruitment of Yannis Kourniotis, the former practice head at Bernitsas Law. The firm has been involved in several significant renewables projects. Clients include Volterra, Gek Terna and JP Avax. Konstantinos Botopoulos, Constantinos Lambadarios and Prokopios Dimitriadis are also well-regarded.

Papapolitis & Papapolitis

Papapolitis & Papapolitis regularly represents private sector clients in this area. Recently, it assisted Morgan Stanley with its role as financial advisor to HRADF on the sale of the Thessaloniki port. Other clients include Lamda Development and Intrakat. John Papapolitis and George Gravias both have strong experience.

Your Legal Partners

Your Legal Partners is highly experienced in this area, and its capacity to handle larger mandates has been enhanced by its strategic alliance with Dracopoulos & Vassalakis LP. Together, the two firms advised HRADF on the privatisation of the Alimos marina. Katerina Christodoulou and Katerina Politopoulou are both recommended.

Michailopoulos & Associates

Michailopoulos & Associates is a boutique firm with a heavy focus on public finance law. Recently it advised the Municipality of Naoussa on the award of a €36m concession for the expansion of a mountain tourism and ski resort. Managing partner Gregorios Michailopoulos is highly experienced.

Paraskevas Law Firm

Paraskevas Law Firm is an established player on the privatisation scene, partly due to the experience of Dimitris Paraskevas, who served as Secretary for Privatisation in the Papandreou and Simitis governments in the 1990s.

Politis & Partners

Evangelos Politis leads the respected practice at Politis & Partners, which is regularly entrusted by private and public sector clients on major privatisations and projects. The firm is praised for its 'excellent track record and experience' and 'ability to deal with various stakeholders'.

Rokas Law Firm

Rokas Law Firm is particularly experienced in energy-related project financings and privatisations. Alkistis Christofilou and Antonios Roussos have noteworthy practices.

Sagias and Partners Law Firm

Sagias and Partners Law Firm is singled out for its 'deep knowledge of privatisations' and 'strong communication skills'. Spyros Sagias jointly leads the team with Ifigenia Vourdouni, who 'works excellently under pressure with amazing results'. The Piraeus Port Authority is a key client.


Sarantitis has an active practice, particularly on energy related projects. Recently it advised EDL on a significant biogas project in the Ano Liossia Landfill Site. Dorotheos Samoladas and Theodora Monochartzis are recommended.

Watson Farley & Williams – Greek Branch

Watson Farley & Williams – Greek Branch stands out for its expertise in financing renewables projects, such as its advice to Themeli-Perganti Akarnanikon on a €50m 41.8MW project in Western Greece. Virginia Murray is recommended.