Watson Farley & Williams – Greek Branch > Athens, Greece > Firm Profile

Watson Farley & Williams – Greek Branch
5th Floor, Building B
348, Leof. Andrea Siggrou
Athina 176 74
Greece

Greece > Shipping finance Tier 1

The ‘efficient and knowledgeable’ team at Watson Farley & Williams – Greek Branch provides an ‘outstanding and commercial service‘ to financiers and borrowers across a broad spectrum of English and Greek-law governed new money and refinancing transactions, including bilateral and syndicated bank loans and bond facilities, as well as sustainable financing work. In addition, the team regularly advises on M&A and commercial matters, including advice on shipbuilding contracts and work for banks as purchasers of shipping loan portfolios. Alexandros Damianidis is well regarded in the market with a versatile offering that includes advice on vessel acquisition financing, debt refinancing and the provision of corporate loans to shipping companies. At a more junior level, Christina Economides, who has ‘excellent industry knowledge’, was recently promoted to partner in acknowledgement of her strong reputation the market among banks, funds, trading houses and shipowning companies across a range of financing transactions. Head of the Athens office Alexia Hatzimichalis also regularly handles shipbuilding contracts and sustainable financing agreements, offering additional experience in sale and leaseback transactions. Konstantinos Mexias‘ arrival in October 2023 from the now defunct Ince & Co. also enhances the team. Christina Giagka departed the firm for an in-house position in February 2024.  

Practice head(s):

Alexia Hatzimichalis

Other key lawyers:

Vassiliki Georgopoulos; Alexandros Damianidis; Christina Giagka; Christina Economides; Konstantinos Mexias

Testimonials

The professional, efficient and knowledgeable team provides an outstanding and commercial service.

‘Christina Giagka provides support, commitment and understanding for clients and provides solutions oriented advice.’ 

‘Christina Economides has excellent industry knowledge.’

 

Key clients

Global Ship Lease

CIT Bank

EnTrust

HSBC

Piraeus Bank

Danaos

Navios

UOG

Danish Ship Finance A/S

Dorian LPG

Work highlights

  • Advised Danish Ship Finance on a $100m term loan facility granted to ship-owning companies of the Diana Shipping Inc. Group  for the refinancing of nine vessels with a maturity date in April 2028.
  • Advised Piraeus Bank on the acquisition of a circa $265m portfolio of 26 bilateral loan facilities from HSBC Bank. This transaction resulted from HSBC’s decision to sell its Greek shipping portfolio, of which Piraeus Bank acquired the highest number of loans.
  • Advised Alpha Bank and Export Finance Norway on an export credit bond loan facility for the financing of three newbuilding AERO type high-speed catamaran passenger vessels built by Norway-based Brødrene Aa for Attica Next Generation Highspeed a subsidiary of Attica Holdings.

Greece > Banking, finance and capital markets Tier 2

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

Testimonials

‘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.

Greece > Energy Tier 2

Advising on the supply, financing and operational stages of traditional and renewable energy projects, the ‘truly insightful’ energy practice at Watson Farley & Williams LLP often represents financial institutions and international energy companies. The team specialises in handling M&A transactions and joint ventures, with the ‘very commercial’ Virginia Murray being an expert in project and acquisition finance, and Marisetta Marcopoulou assisting in banking regulation and stock exchange law matters. Maira Galani focuses on environmental law affairs; Valina Giouzelaki is knowledgeable on structured finance issues; and Matina Kanellopoulou concentrates on the hotel and energy sectors.

Practice head(s):

Virginia Murray

Other key lawyers:

Marisetta Marcopoulou; Maira Galani; Valina Giouzelaki; Matina Kanellopoulou; Maria Charontaki; Anastasios Giannopoulos; Eleni Stylianou; Katerina Stringari; Asimina Papakosta

Testimonials

‘The team is truly insightful not only regarding the most legal-related issues but also regarding the energy business and in general, a great strategic partner that provides relevant information of the dynamics of the renewable energy sector in Greece.’

‘Virginia Murray has a deep knowledge of the sector and the market. She goes far beyond legal advice.’

‘Tasos Giannopoulos is a great lawyer and professional you definitely feel comfortable with. Tasos is the kind of lawyer you want to have by your side because of his extraordinary commitment, approachability, readiness and thoroughness, among others. He advises in a strategic manner considering the reality of the business and market, which is very appreciated especially when it comes to advice to a foreign company starting in Greece.’

‘Within the Greece market and renewable energy sector, Watson Farley and Williams is one of the most important law firms. They can combine the international experience with a strong knowledge of the local aspects. They cover all the legal aspects connected to a development process of renewable energy projects and are very well positioned with the most important players like the banks. ’

‘Virginia Murray is very commercial and one of the best contract negotiators with whom I worked. Also her team follows the same approach and it is able to provide a service very valuable for the client like us. I would like to mention Eleni Stylianou, Maira Galani, Katerina Stringari and Tasos Giannopoulos.’

‘This Team has a deep knowledge of the energy sector procedures and legislation in Greece. This Team is always up to date with the recent developments both on the legal and the Business environment within the Greek State.’

‘Hard working Individuals, always on time, never had a delay on deliverables. Ample understanding of the energy environment (procedures and legislation) in Greece. Top person Virginia Murray: I bet that there is no other lawyer in Greece with so much knowledge on this particular subject. Asimina Papakosta, Matina Kanellopoulou the other Jewels of the Team.’

Key clients

CUBICO SUSTAINABLE INVESTMENTS LIMITED (UK)

IMPAX ENERGY

NEXT ENERGY

INTER ENERGY (Israel)

SOLEGREEN LIMITED (Israel)

NOFAR ENERGY (Israel)

CERO (part of Macquarie group)

TOTAL EREN SA (GREECE)

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT

METKA EGN LIMITED (UK, CYPRUS AND GREECE)

JASPER WIND HELLAS SA (GREECE)

EMERGYA WIND TECHNOLOGIES (EWT) (NETHERLANDS)

547 ENERGY (QUANTUM ENERGY CAPITAL) (USA)

CANTREVA SA (GREECE)

BAYWA R.E. (GERMANY)

ALPHA BANK SA (GREECE)

THEMELI SA (GREECE)

NATIONAL BANK OF GREECE SA (GREECE)

RF ENERGY SA (GREECE)

PURENERGY SA (LUXEMBOURG)

BLUE ELEPHANT

WATTCROP

Work highlights

  • Advised NextEnergy Capital (NEC) on its first strategic solar and battery storage acquisitions in Greece.
  • Advised the beneficial owners of construction company Cantreva on its sale of 75% of the shares of Unagi to Motor Oil Renewable Energy.
  • Advised Cero Generation on the acquisition and financing of Project Delfini, a 100MW solar PV project in Prosotsani, Drama, Greece, as well as the negotiation of a long-term PPA with Axpo.

Greece > Commercial, corporate and M&A Tier 3

Virginia Murray heads the corporate practice at Watson Farley & Williams – Greek Branch, bringing extensive expertise in the Greek infrastructure and energy sectors to the group. The team has vast expertise in negotiating joint ventures and funding agreements, as well as routinely guiding its domestic and international clients throughout all stages of projects, ranging from licensing and construction to refinancing and maintenance.

Practice head(s):

Virginia Murray

Testimonials

‘WF&W has extensive experience and a deep knowledge of the renewables sector in Greece and has always provided valuable advice and support during our longstanding relationship.’

‘This team has a significant quality that we have never seen in other legal teams – it is fair to both parties! Often firm’s tactics mean a lot of bargaining and lots of wasted time and expenses, but the WF&W M&A team has a very different approach and the job is done fast.’

‘We have found each attorney to be of a high calibre and knowledgeable in the renewable energy space.’

‘Virginia Murray is, in our opinion, the top renewable energy attorney in Greece. She is knowledgeable across a wide range of legal areas and commercially minded.’

Key clients

Cubico Sustainable Investments Limited

Impax Energy

Next Energy

Purenergy S.A.

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.

Dedicated to client care, industry focus and investment in our people
We are a sector specialist international law firm in the Energy, Infrastructure and Transport sectors advising on complex transactions and disputes through local knowledge and an integrated international network.

Our business exists to help our clients achieve their goals, partnering with them to meet the challenges they face today and will face tomorrow.

Our values rest on developing deep and long-lasting relationships externally and internally through respect, sharing, communication and integrity.

We strive for excellence in all that we do and view investment in our people as key to achieving our business goals and values.

Our teams are integrated across legal disciplines and offices delivering consistently high levels of service locally and in combination across borders.

History: Sector focus has been at the heart of our strategy since we opened for business in 1982.  Having started life as an asset finance boutique focussing on the maritime and aviation industries, our transport focus quickly expanded to other supply-chain led industries, most notably, renewable and conventional energy and infrastructure across these industries.

Through our offices around the world, we provide a full suite of services within our core sectors enabling us to deliver exceptional value to our clients.

Facts

  • Founded 1982
  • 200+ partners
  • 700+ lawyers
  • 19 offices

Senior Partner: George Paleokrassas
Managing Partner: Lindsey Keeble

Key Contacts
Aviation: Jim Bell, Charles Viggers
Energy: Malte Jordan, Henry Stewart
Infrastructure: Florian Kutzbach, Jose Maria Anarte
Maritime: George Macheras, George Paleokrassas
Mining & Commodities: Sumeet Malhotra, Jan Mellmann
Oil & Gas: Chris Kilburn

Photo Name Position Profile
Maira Galani photo Maira Galani Maira specialises in project and structured finance, mergers and acquisitions and regulations…
Virginia Murray photo Virginia Murray Virginia specialises in acquisitions and financings in the Greek infrastructure and energy…
Partners : 200+
Lawyers : 700+
Offices : 19
25+ languages