We are delighted to announce that POTAMITISVEKRIS acted as Greek legal advisor to Bank of Cyprus Holdings (BOCH) in the parallel listing of its shares on the Main Market of the Athens Stock Exchange. BOCH’s listing on ATHEX was combined with its delisting from the London Stock Exchange, while BOCH’s shares remain listed and trade on the Cyprus Stock Exchange. Our team consisted of George Bersis (Managing Partner), Stathis Potamitis (Senior Partner), Elena Theocharakou (Senior Associate) and Katerina Pappa (Junior Associate).

Our Partners Konstantinos Papadiamantis and Stathis Potamitis together with Senior Associate, Theodora Souma, represented a domestic company in ICC arbitration proceedings for claims arising out of a Share Purchase Agreement, amounting to approximately €160 million. They also assisted the client on settlement negotiations and on the termination of the dispute through the issuance of a consent award.

We are delighted to announce that the sale of Depa Infrastructure SA by the Hellenic Republic Asset Development Fund (HRADF) and Hellenic Petroleum SA to Italgas, one of the leading gas distributors in Italy and the third largest market player in Europe, has been successfully completed. This is a landmark transaction for the Greek energy sector and our economy in general, in a very crucial and sensitive period for the entire European energy market. Maria Perifanou, Senior Associate of our M&A team, with the guidance of our Managing Partner Stathis Potamitis and the assistance of Associate Palmyra Chantzara, successfully led the effort. The team was also valuably assisted by Partner Dimitris Loukas and Associate Kostas Manikas on competition law & regulatory matters, Senior Associate Alexia Tzouni on corporate law matters, and Senior Associate Dimitra Rachouti on energy law matters.

POTAMITISVEKRIS acted as local advisor of a Greek leading company in the Telecommunications sector, to a complex corporate transformation and specifically, to the partial demerger of the sector of fiber optics and the creation of a new company, that will be an accelerator of investments in new generation networks and will contribute substantially to the shaping of the new digital page of Greece.
The POTAMITISVEKRIS team was led by Partners Alexandros Kortesis and Stathis Potamitis and supported by Senior Associates Alexia Tzouni and Varveri Christina, as well as by Palmyra – Maria Chantzara (Associate) and Olga Bezantakou (Junior Associate).

We are delighted to announce that the Athens Bankruptcy Court ratified the rehabilitation agreement (involving more than €0.5 billion debt) between our client, a widely known listed entity –parent of a multinational group of jewelry and fashion companies– and a group of international creditors. In the context of the restructuring, our team successfully represented the client in the first litigation for the appointment of a special proxy substituting the shareholders in the company’s GA for the approval of the restructuring. POTAMITISVEKRIS’ team was led by Stathis Potamitis, Head of Restructuring & Insolvency, and Konstantinos Papadiamantis, Head of Litigation, supported by Eleana Baya (Senior Associate), Catherine Androulaki (Senior Associate), Konstantinos Rachianiotis (Associate), and Evangelia Natsi (Junior Associate).

POTAMITISVEKRIS acted as local advisor of a Greek leading company in the Telecommunications sector, to a complex corporate transformation and specifically, to the partial demerger of the sector of fiber optics and the creation of a new company, that will be an accelerator of investments in new generation networks and will contribute substantially to the shaping of the new digital page of Greece.
The POTAMITISVEKRIS team was led by Partners Alexandros Kortesis and Stathis Potamitis and supported by Senior Associates Alexia Tzouni and Christina Varveri, as well as by Palmyra Chantzara (Associate) and Olga Bezantakou (Junior Associate).

We are delighted to announce that the Athens Bankruptcy Court ratified the rehabilitation agreement (involving more than €0.5 billion debt) between our client, a widely known listed entity –parent of a multinational group of jewelry and fashion companies– and a group of international creditors. In the context of the restructuring, our team successfully represented the client in the first litigation for the appointment of a special proxy substituting the shareholders in the company’s GA for the approval of the restructuring. POTAMITISVEKRIS’ team was led by Stathis Potamitis, Head of Restructuring & Insolvency, and Konstantinos Papadiamantis, Head of Litigation, supported by Eleana Baya (Senior Associate), Catherine Androulaki (Senior Associate), Konstantinos Rachianiotis (Associate), and Evangelia Natsi (Junior Associate).

We are delighted to announce that last week, the agreement for the sale of the share capital of Depa Infrastructure SA to Italgas S.p.A, one of the leading gas distributors in Italy and the third largest market player in Europe has been signed, marking a significant milestone towards the completion of this landmark privatization in the energy sector.

POTAMITISVEKRIS’ Corporate and M&A team led by Managing Partner Stathis Potamitis and Senior Associate Maria Perifanou, supported by Alexia Tzouni (Senior Associate), Palmyra Chantzara (Associate), as well as by Dimitra Rachouti (Senior Associate) and Kostas Manikas (Associate) led by Dimitris Loukas (Head of our EU, Competition & Antitrust team) assisted the Hellenic Republic Asset Development Fund (HRADF) throughout this highly demanding tender process, which is now successfully heading towards its completion.

POTAMITISVEKRIS acted as legal advisor to the issuance advisor, joint coordinators and bookrunners for the public offering of €300m senior sustainability-linked bonds (SLBs) listed on ATHEX issued by GEK TERNA S.A.

The POTAMITISVEKRIS team was led by Managing Partner, Stathis Potamitis and supported by senior associates: Elena Theocharakou and Eleanna Baya

POTAMITISVEKRIS acts as legal advisor in one of the most significant privatizations in the Greek energy market. Stathis Potamitis, Head of our Corporate and M&A team, Dimitrios Loukas Head of our EU, Competition & Antitrust team, and Maria Perifanou, Senior Associate of our Corporate and M&A team, assisted by Palmyra Chantzara (Associate) and Konstantinos Manikas (Associate) as well as by Alexia Tzouni (Senior Associate) and Dimitra Rachouti (Senior Associate), advise the majority shareholder of a leading public gas distribution company in the sale of its shareholding through an international public tender process. The recent announcement of the preferred bidder in the tender process marks a significant milestone towards the successful completion of the privatization.

Stathis Potamitis and team have been retained by a state-owned financial entity to assist on the documentation, regulatory compliance, and negotiation of a guarantee scheme intended to support new working capital loans by commercial banks to local enterprises

Stathis Potamitis and team have been retained to advise a court appointed BoD on the restructuring of a listed entity in agreement with international noteholders; solvency problems emerged after the uncovering of a major fraud against the company.

Stathis Potamitis and his team engaged in coordinating an ad hoc committee set up to redraft the Greek Bankruptcy Code to create an integrated set of proceedings covering commercial and consumer insolvency and providing both for preventive as well as liquidation solutions.

Stathis Potamitis and Dimitris Loukas are advising the Hellenic Republic Asset Management Fund on the sale of its stake in a leading gas utility company

Stathis Potamitis advised three of the four Greek systemic banks on the sale of a hotel business in satisfaction of claims ancillary to a ratified and implemented restructuring agreement.

Stathis Potamitis and Vicky Psaltis successfully represented a foreign client in an international ICC arbitration arising from an acquisition dispute.

Stathis Potamitis and Dimitris Loukas are advising a major Greek telecommunications company on its bid to acquire another pay-TV and broadband services provider

Stathis Potamitis also advised a major international fund in their non-binding bid for a secured NPL portfolio.

Stathis Potamitis lead a team of POTAMITISVEKRIS lawyers advising a major international fund in its binding bid for a secured NPL portfolio.

Stathis Potamitis advised on the structuring of the placement of a leasing portfolio by a special liquidator.

Stathis Potamitis and team advised the shareholders of a major Greek cosmetics company in the sale of a majority stake to an international fashion and fragrance firm.

Stathis Potamitis and team represented  the four systemic banks in the context of a €525m debt restructuring of a major supermarket chain.

Stathis Potamitis and team advised an international group in the acquisition of a major domestic insurance company with a value of €300m.

Stathis Potamitis helped to establish two alternative investment fund structures focused on investments in the local market and provide continuing support to both funds for prospective investments.

Stathis Potamitis and George Bersis represented the preferred bidders in the acquisition of the Greek subsidiary of a distressed international group in the retail sector.

Stathis Potamitis and Vicky Psaltis acted for an international investor in an ICC arbitration of an acquisition contract dispute. The case led to a settlement following an ad hoc mediation.