AKL Law Firm > Athens, Greece > Firm Profile

AKL Law Firm
102, Vas. Sofias Avenue
Athens 115 28
Greece

Greece > Real estate and construction Tier 1

AKL Law Firm, which is entrusted by clients to handle high-profile and complex real estate mandates, is advising Lamda Development on all aspects of the licensing of the €8bn Hellinikon project. The team, which is praised for its ‘high level of technical knowledge’, is also able to advise on property acquisitions, zoning, planning and environmental matters. Constantine Alexiou co-heads the practice with Helen Alexiou, who is renowned for her handling of project development mandates. Alexandros Kosmopoulos is a finance expert. Associate Eleftheria Vassila is also recommended.

Practice head(s):

Constantine Alexiou; Helen Alexiou

Key clients

Lamda Development S.A.

Eurobank S.A.

Prodea Investments RECI

Grivalia Properties/ Grivalia Hospitality

Piraeus Bank S.A.

Hellenic Republic Asset Development Fund

Lamda Olympia Village S.A.

Lamda Domi S.A.

Pylea S.A.

Invel Real Estate Partners

Brook Lane Capital

RND Ike No

Asset Real Estate Management and

Investments S.A

Work highlights

  • Ongoing advice to Lamda Development on all aspects of the overall licensing of the Hellinikon project.
  • Advising Eurobank S.A. and Piraeus Bank S.A. on a Greek law governed common bond loan facilities loan. This loan is set to become the biggest-ever syndicated loan in Greece.
  • Advising Lamda Olympia Village S.A on the licensing procedure for the largest mall in Greece.

Greece > Banking, finance and capital markets Tier 2

AKL Law Firm is noted for its expertise in corporate finance, real estate finance and project finance, with experience handling both domestic and cross-border transactions. The team counts the four Greek systemic banks among its clients, and among other highlights, managing partner and practice head Alexandros Kosmopoulos is acting as the lead adviser to Eurobank on the financing of the Hellinikon Project, set to be the largest urban regeneration project in Europe. George Zohios is another notable member of the team.

Practice head(s):

Alexandros Kosmopoulos

Other key lawyers:

George Zohios; Kostas Fatsis; George Athanassiou

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 its capacity as global coordinator, on the financing of the €1.5bn Hellinikon Project, the largest urban regeneration project in Europe.
  • Advised DDM Group as the noteholder on the securitisation of Attica Bank’s Greek NPLs, with an outstanding balance of approximately €1.3bn, as part of the restructuring of the Artemis Project bonds.
  • Advised the National Bank of Greece, in its capacity as arranger, agent and lender, with regard to a €150m working capital facility structured as a bond loan provided to Mytilineos S.A.

Greece > Dispute resolution Tier 2

AKL Law Firm is well equipped to handle high-value and complex litigation, including cross-border mandates; its expertise is evidenced by its recent representation of Burberry UK in relation to an injunction and request for interim measures filed by Greek distributor Aromca. The team has also handled disputes involving jurisdictions such as Finland, Cyprus, the Netherlands and Israel. Clients include significant local companies and financial institutions, among them Eurobank and LAMDA Olympia Village. Managing partner Constantine Alexiou is also experienced in arbitration, and recently represented a consortium of the Greek systemic banks in arbitration proceedings against the Greek Public Properties Company (ETAD). He co-heads the practice with Sotiris Foteas, who has experience in civil and commercial disputes.

Practice head(s):

Constantine Alexiou; Sotiris Foteas

Other key lawyers:

Eleftheria Vassila; Vicky Zarakioti; Konstantia Natsiou

Key clients

LAMDA GROUP

LAMDA DEVELOPMENT S.A.

LAMDA OLYMPIA VILLAGE (LOV) S.A.

LAMDA DOMI S.A.PYLAIA S.A.

EUROBANK S.A.

ENET S.A.

TRITON LLC

Work highlights

  • Represented a consortium of Greek banks in the context of the judicial protection sought in the framework of a syndicated bond loan granted to one of the most prestigious groups in the hospitality sector, ETAD.
  • Advised Burberry Limited UK on an injunction and a request for interim measures filed by Greek distributor Aromca S.A.
  • Advised LAMDA DOMI on a lawsuit filed by the Hellenic Olympic Committee regarding the use of the Olympic International Broadcasting Centre.

Greece > Projects and privatisation Tier 2

AKL Law Firm is regularly involved in large, highly complex and high-value projects, such as those concerning ports and airports, roads and hotels. The firm has a notably strong capability in the financing aspects of projects, including PPP and project finance. In the real estate arena, the firm is acting for Lamda Development on the €7bn Hellinikon project, which is the largest real estate project in Europe to date. Alexandros Kosmopoulos heads up the practice.

Practice head(s):

Alexandros Kosmopoulos

Other key lawyers:

Helen Alexiou; George Zohios; Kostas Fatsis

Key clients

LAMDA DEVELOPMENT S.A.

ALPHA BANK S.A.

Marguerite Fund

Atlantia

Piraeus Bank and Eurobank

Eurobank Ergasias

HELLENIC REPUBLIC ASSET DEVELOPMENT FUND

Work highlights

  • Advised Lamda Development on various aspects of its involvement in the €7bn Hellinikon project.
  • Advised Hellenic Republic Asset Development Fund on the upcoming privatisation of four Greek Regional ports: Alexandroupolis, Heraklion, Igoumenitsa and Volos.
  • Advised Alpha Bank S.A. in its capacity as Arranger, Agent and Lender on loans to DPN SA with regard to the financing of a project consisting of the development of an upscale 3* hotel, and the development of 3* hotel apartments for student accommodation at Patras.

Greece > Restructuring and insolvency Tier 2

AKL Law Firm has a wide breadth of expertise in restructuring and insolvency procedures, often advising on acquisitions of distressed and non-distressed assets, in addition to advising lenders, shareholders and investors on collective and individual enforcement procedures, corporate recoveries and business and asset restructurings. The group is acting for the special administrator in court proceedings arisen from Hellenic Shipyards, a matter involving EU state aid legislation and a request of judicial extension. The practice is collectively led by the experienced Constantine Alexiou, Alexandros Kosmopoulos and Sotiris Foteas.

Practice head(s):

Constantine Alexiou; Alexandros Kosmopoulos; Sotiris Foteas

Other key lawyers:

Vicky Zarakioti; Eleftheria Vassila

Work highlights

  • Represented the special administrator of Hellenic Shipyards in various court proceedings seeking a judicial extension of the duration of special administration procedure.
  • Advised Eurobank, Alpha Bank and Piraeus Bank on the status, impact and consequence of a long series of pending proceedings between the owner of a landmark hospitality unit in Crete.
  • Represented Eurobank, acting as the bondholders agent, under a €33m project loan, in taking termination action and pursuing enforcement proceedings seeking to foreclose on the property of a private clinic.

Greece > Commercial, corporate and M&A Tier 3

AKL Law Firm handles complex M&A, joint ventures and commercial and corporate governance matters, and is experienced in cross-border transactions. Privatisation mandates are at the forefront of the team’s expertise; it recently advised the Hellenic Republic Asset Development Fund in relation to the privatisation of four Greek regional airports. Managing partner Alexandros Kosmopoulos heads the team and is experienced in corporate finance, acquisitions and privatisations. George Zohios is also a name to note.

Practice head(s):

Alexandros Kosmopoulos

Other key lawyers:

Constantine Alexiou; George Zohios; Kosta Fatsis

Key clients

LAMDA DEVELOPMENT S.A.

MARGUERITE FUND

LANDIS + GYR S.A.

CONVERT GROUP

PILLARSTONE

Work highlights

  • Advised LAMDA Development S.A. on its involvement in the €7bn Hellinikon project.
  • Advised Mavani Holdings S.A. on the establishment of a joint venture with Noval REIC to acquire a 17,000 sq m plot and industrial facilities owned by Ektasis Development S.A.
  • Advised Hyphen Greece Ltd on the sale of Hyphen Greece, the owner of a five-star hotel in Mykonos.

The firm: Established in 1891, Alexiou & Kosmopoulos is one of the oldest and most prestigious law offices in Athens. Building on a solid foundation of four generations of practitioners, Alexiou & Kosmopoulos is a full-service law firm.

Alexiou & Kosmopoulos aspires to offer integrated legal services that consistently exceed expectations and create a model workplace for its people. The firm’s team of select professionals has been brought together by their shared commitment to client value, exceptional quality, innovation and down-to-earth commercial awareness. A consistent performance over time has helped the firm maintain and expand a growing circle of valued and loyal clients across diverse industries, many of whom entrust the firm with providing legal advice and support for their full range of activities. Combining sound expertise in a variety of fields helps realise the firm’s and its clients’ vision of excellence in today’s complex legal and business environment. The firm’s extremely versatile teams are able to interface with any other firm practices as required by the particular focus of the matter at hand (it therefore handles matters with an M&A angle, a finance angle, a litigation angle, an administrative law angle, etc).

Areas of practice
Banking, corporate and project finance: the firm’s experience acknowledges the diversity in the cultures and policies of different clients and organisations and brings its knowledge of domestic and cross-border legal issues, the workings of market infrastructures, systems and platforms to assist with a range of wholesale, retail and consumer products and investments. The practice covers core services and products, financial product structuring, asset finance, acquisition finance, derivatives, debt and equity capital markets, support for financial advisory projects, project finance and syndicated loans. The team has been advising, as single legal counsel, lenders and borrowers for transactions totalling more than €1.5bn in the last three years.

Projects and privatisation: in addition to its exposure in privatisations, concessions, PFI and PPP projects, the firm has been prominently active in major real estate development, energy, telecommunications, tourism, port facilities and transportation projects. The projects and privatisation team is equally adept at advising awarding authorities and bidders as part of public contracts and procurement, including in respect of drafting tender documents, advising on administration of processes, pre-bid and bidding strategies and arrangements, preparation of offer documentation and negotiations. The firm has been successful from whatever role or perspective it has acted; as lenders’ counsel, sponsor/investors’ counsel, lead co-seller counsel. Few law firms in Greece can compete against its recent years’ team track record on privatisations and project development. The firm’s substantial experience includes the first Greek PPP transaction and several privatisations (including Hellinikon, Piraeus Port Authority and Astir Palace).

Real estate: the firm advises on all aspects of investment in real estate, including zoning, planning, construction, development, real estate finance, environmental issues, licensing, and acts for clients within categories with varying requirements, including developers, contractors, financial and strategic investors, lenders, governmental agencies, corporates and high-net-worth individuals. In addition, the experience of the department is showcased by the range of asset and property configurations, types and sizes investigated, including opportunities in the urban, industrial, commercial, infrastructure, governmental, commercial, residential, hospitality-related and agricultural segments. In the complex interdisciplinary setting of projects of significant size, experts from other fields know that the firm understands both the business and their concerns.

Litigation and dispute resolution: the firm’s track record of successful cases spans a wide range of diverse areas, including commercial and financial disputes, construction and real estate, corporate litigation, distribution and licensing disputes, medical negligence, insolvency and enforcement.

DepartmentNameEmailTelephone
Administrative Sotiris Foteas
Banking, finance and capital markets Alexandros Kosmopoulos
Banking, finance and capital markets George Zohios
Corporate and commercial Alexandros Kosmopoulos
Corporate and commercial George Zohios
Development, regulatory and environmental Helen Alexiou
Employment Constantine Alexiou
Energy and natural resources Constantine Alexiou
EU, competition and regulation George Zohios
Insolvency and recovery Constantine Alexiou
Insolvency and recovery Sotiris Foteas
Intellectual property Alexandros Kosmopoulos
Litigation and dispute resolution Constantine Alexiou
Litigation and dispute resolution Sotiris Foteas
Mergers and acquisitions Alexandros Kosmopoulos
Mergers and acquisitions George Zohios
Privatisation Alexandros Kosmopoulos
Procurement and projects Helen Alexiou
Procurement and projects Alexandros Kosmopoulos
Project finance Alexandros Kosmopoulos
Real estate and construction Constantine Alexiou
Real estate and construction Helen Alexiou
Tax Alexandros Kosmopoulos
PhotoNamePositionProfile
Dr Constantine Alexiou  photo Dr Constantine Alexiou Partner. Constantine fields of legal expertise include Real Estate, Litigation and Arbitration,…
Mrs Helen Alexiou  photo Mrs Helen Alexiou Managing Partner. Helen’s fields of legal expertise include Real Estate, Procurement and…
Mrs Maria Alexiou  photo Mrs Maria Alexiou Partner. Maria’s fields of legal expertise include Litigation, Corporate and Commercial, and…
Mr George Athanasiou  photo Mr George Athanasiou Associate.
Mr Kostas Fatsis  photo Mr Kostas Fatsis Senior Associate.
Mr Sotiris Foteas  photo Mr Sotiris Foteas Partner.
Mr Alexandros Kosmopoulos  photo Mr Alexandros Kosmopoulos Managing Partner. Alexandros’ fields of legal expertise include Banking & Finance, Corporate…
Miss Eleftheria Vassila  photo Miss Eleftheria Vassila Associate.
Miss Vicky Zarakioti  photo Miss Vicky Zarakioti Associate
Mr George Zohios  photo Mr George Zohios Partner.
Number of lawyers : 17
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