The Legal 500

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5 LYKAVITTOU STREET, 106 72 ATHENS, GREECE
Tel:
Work +30 210 361 5395
Fax:
Fax +30 210 364 0805
Email:
Web:
www.bernitsaslaw.com

Greece

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

Bernitsas Law

Bernitsas Law¬†is, among other work, particularly active in the non-performing loans space, particularly advising buyers on NPL portfolio transfers. A notable highlight was representing Intrum Justitia on acquiring ‚ā¨1.5bn of diversified unsecured consumer loans from Eurobank, the first NPL transfer from a Greek systemic bank. Turning to more traditional financial work, the firm advised Astir Group, including its sponsors AGC Equity Partners, on a ‚ā¨265m bond loan to refinance existing debt for the refurbishment of the Astir Palace Hotel. Team heads¬†Nikos Papachristopoulos¬†and¬†Athanasia Tsene¬†enjoy excellent reputations, as does¬†Panayotis Bernitsas.

Leading individuals

Athanasia Tsene - Bernitsas Law

Nikos Papachristopoulos - Bernitsas Law

Panayotis Bernitsas - Bernitsas Law

Next generation lawyers

Dionysis Flambouras - Bernitsas Law

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Bernitsas Law

Bernitsas Law¬†'stands out due to its excellent cross-border skills, which it blends skillfully¬†with its excellent knowledge of local law, regulations and the local market'. Clients say their 'experience with the firm is akin to working with a top London firm' and it is 'capable of handling large-scale and complex due diligence¬†and major transactions'. Notable highlights include advising Sealed Air Corporation on the Greek law aspects of the sale of its Diversey Care division to Bain Capital. The firm also advised Hellenic Healthcare on its ‚ā¨19.4m purchase of a 97% stake in the Athens-listed company, IASO General.¬†Lambros Belessis¬†and¬†Nikos Papachristopoulos¬†jointly lead the team of 'can-do' lawyers, which also includes the 'professional and experienced'¬†Evi Kitsou.

Leading individuals

Nikos Papachristopoulos - Bernitsas Law

Panayotis Bernitsas - Bernitsas Law

Next generation lawyers

Evi Kitsou - Bernitsas Law

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Dispute resolution
Dispute resolution - ranked: tier 1

Bernitsas Law

Bernitsas Law provides 'excellent and on-point advice on Greek law'. The 'very creative and pragmatic' co-head  Christos Paraskevopoulos 'understands the commercial context of a dispute and provides very suitable solutions'. His fellow practice head Dimitris Roussis is also extremely well regarded, particularly for administrative disputes, while Panayotis Bernitsas is highly experienced in arbitrations. Among the associates, George Atie  is 'one of the most committed lawyers' with 'solid experience both in civil litigation as well as arbitrations'. Evangelos Mamalakis is praised for his 'very good legal mind'. Recent highlights include advising Wind Telecommunications on a dispute with the Greek state over a contested exclusivity clause in its contract with the state concerning mobile telephony rights.

Leading individuals

Christos Paraskevopoulos - Bernitsas Law

Dimitris Roussis - Bernitsas Law

Next generation lawyers

George Atie - Bernitsas Law

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EU and competition
EU and competition - ranked: tier 1

Bernitsas Law

Bernitsas Law has developed a superb reputation in this area, regularly handling merger clearances and cases before the Hellenic Competition Commission, as well as EU law issues such as public procurement. The firm successfully represented Hellenic Fuels on its appeal over the HCC's decision on alleged collusion with Shell. On the merger control side, it advised Hellenic Healthcare on the clearance for its purchase of a 97% stake in IASO. Newly-promoted partner Marina Androulakakis leads the team, which includes the highly experienced Panayotis Bernitsas and counsel Augustine Almyroudi.

Leading individuals

Augustine Almyroudi - Bernitsas Law

Panayotis Bernitsas - Bernitsas Law

Next generation lawyers

Marina Androulakakis - Bernitsas Law

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Employment
Employment - ranked: tier 2

Bernitsas Law,

Clients 'feel confident with the advice' they receive at Bernitsas Law, which has a strong team of lawyers who are 'always quick to respond to our demands, and willing to go the extra mile'. Katia Papantonopoulou leads the versatile group, which has recently advised on the employment implications of several major restructurings. Clients include Bristol-Myers Squibb, BMW, Diesel and Crown Hellas Can.

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Energy
Energy - ranked: tier 1

Bernitsas Law

Bernitsas Law is an ever-present feature on the domestic energy market, and is regularly involved in its largest transactions and projects. Recent highlights include advising the successful consortium on the purchase of a 66% stake in DESFA from HRADF and Hellenic Petroleum. On the projects side, the firm advised Gastrade on developing the Alexandroupolis Independent Natural Gas System Project. Yannis Seiradakis leads the practice, and Panayotis Bernitsas also enjoys an excellent reputation. Former practice head Yannis Kourniotis left the firm.

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Insurance
Insurance - ranked: tier 2

Bernitsas Law

Bernitsas Law has a large and expanding insurance group led by corporate head Lambros Belessis. Christos Paraskevopoulos is recommended on the disputes side, while Evi Kitsou is highly experienced in regulatory issues. The firm's expertise covers regulatory, corporate, day-to-day advice and litigation. Major clients include AXA and CNP Group of Companies.

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Intellectual property
Intellectual property - ranked: tier 2

Bernitsas Law

Bernitsas Law represents a broad mix of manufacturing, IT and pharmaceuticals companies on their contentious and non-contentious IP matters, including prosecutions, enforcement and licensing. Yannis Chryssospathis heads the team, which includes Lambros Belessis and the newly-promoted Marina Androulakakis.

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Projects and privatisation
Projects and privatisation - ranked: tier 1

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, Nikos Papachristopoulos and Yannis Seiradakis, who jointly lead the team; Yannis Kourniotis is now at Lambadarios Law Firm.

Leading individuals

Dimitris Roussis - Bernitsas Law

Yannis Seiradakis - Bernitsas Law

Next generation lawyers

Dionysis Flambouras - Bernitsas Law

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Real estate and construction
Real estate and construction - ranked: tier 1

Bernitsas Law

Bernitsas Law regularly advises clients on cutting-edge deals, often at the intersection of corporate and real estate. Recently, the firm has represented several funds on multi-million Euro investments into Greece. The firm also advised HRADF on the public tender for the Castelo Bibelli hotel and residential project in Corfu. Highly rated managing partner Panayotis Bernitsas leads the team.

Leading individuals

Panayotis Bernitsas - Bernitsas Law

Next generation lawyers

Christina Zakopoulou - Bernitsas Law

Nikos Vouhiounis - Bernitsas Law

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 1

Bernitsas Law

Bernitsas Law has an excellent team that is favoured by debtors and creditors.  Recently, it advised doBank on the establishment of a ground-breaking servicing platform for managing the the exposure of the four systemic banks to non-performing loans lent to SMEs. The firm also advised Cyprus Popular Bank on its divestment strategy, including the respective sales of Marfin Bank's Serbian, Ukrainian and Romanian businesses. Lambros Belessis and Athanasia Tsene jointly the team.

Leading individuals

Athanasia Tsene - Bernitsas Law

Next generation lawyers

Dionysis Flambouras - Bernitsas Law

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TMT
TMT - ranked: tier 1

Bernitsas Law

Bernitsas Law¬†has a top-notch practice, which handles regultory, transactional and disputes issues on behalf of its TMT clients. Recently, it advised Cyprus Telecoms Authority (CYTA) on its ‚ā¨118m sale of CYTA Hellas to Vodafone. The firm also advised Acun Media on the implementation of several content production agreements with Greek television broadcasters.¬†Augustine Almyroudi¬†leads the team, which includes recently-promoted partner Marina Androulakakis.

Leading individuals

Augustine Almyroudi - Bernitsas Law

Next generation lawyers

Marina Androulakakis - Bernitsas Law

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Tax
Tax - ranked: tier 2

Bernitsas Law

Clients rate the 'motivated, committed, responsive and value for money' team at Bernitsas Law. The group handles a good mix of advisory and contentious work, including customs claims and transaction-structuring advice. Panayotis Bernitsas leads the team, and the 'excellent' Fotodotis Malamas is 'always up-to-date with the latest developments of Greek tax law'.

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White-collar crime
White-collar crime - ranked: tier 2

Bernitsas Law

Bernitsas Law represents corporate clients in corporate crime and fraud cases. This includes representing major international clients in cases involving alleged bribery, corruption and insolvency fraud. Christos Paraskevopoulos  is a certified fraud examiner, while partners such as Panayotis Bernitsas are also heavily involved in this area.

Leading individuals

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