Recent Work & News

Recent Work Highlights

Sale of Major Cosmetics Company

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.

Food Company Restructuring

Euripides Ioannou and team represented the financing banks in the context of the negotiation and implementation of an investment and debt restructuring agreement for one of Greece’s cured meat companies. The project involved, among other things, a €20 million investment in the company’s share capital by a third party investor which is one of Greece’s largest food companies, a restructuring of debt valued at approximately €81 million and a debt to asset swap of a commercial real estate property located in Athens, Greece.

Acquisition and Transfer of Assets in Pharmaceutical Sector

Alexandros Kortesis and his team advised the local arm of two multinational leading pharmaceutical companies on the transfer of assets of a gastroenterology medicine for patients with mild to moderate Crohn’s disease and ulcerative colitis in Greece with an estimated global value of $215m.

Merger in Printing Services’ Sector

Alexandros Kortesis and his team advised the local arm of a leading printing company in the merger of its two subsidiaries in Greece.

Wind Farm Financing

Euripides Ioannou and team advised one of Greece’s largest energy groups in relation to a €60 million mezzanine facility for the financing of the development and construction of a 155,4MW wind farm in Texas, USA.

Largest Leisure Transaction of 2016

George Bersis and team advised on the privatization and sale of a trophy real estate. The transaction involved the sale (by the Hellenic Republic and a Greek bank) of a landmark hotel complex through an international tender and it was the largest leisure transaction of 2016.
Recent news & events

PotamitisVekris recognised in top 100 Restructuring & Insolvency practices worldwide

PotamitisVekris has been ranked as one of the world’s top Restructuring & Insolvency practices by Global Restructuring Review (GRR) in the inaugural edition of GRR 100 rankings. The full survey can be found online here.

PotamitisVekris welcomes new partner Dimitris Loukas

Dimitris strengthens the Competition & Antitrust Practice of PotamitisVekris by joining as its tenth partner, after having served for many years as Vice-President and Commissioner-Rapporteur of the Hellenic Competition Commission, as well as an official at DG Competition of the European Commission. His practice focuses on domestic and cross-border mergers, acquisitions and joint ventures, restrictive agreements, abuse of dominance, compliance and investigations, internal market, state aid, litigation before the EU Courts, as well as on other regulatory procedures before administrative authorities and government/public affairs. Press Release

POTAMITISVEKRIS has been shortlisted by Chambers Europe as Law Firm of the Year 2017| Greece

The Chambers Europe Αwards honour the work of national and international law firms across the region. They recognise a law firm’s pre-eminence in their respective countries and also reflect notable achievements over the past 12 months including outstanding work, impressive strategic growth and excellence in client service.

Stathis Potamitis Inducted to American College of Bankruptcy

Stathis Potamitis is inducted to the American College of Bankruptcy as a Fellow of the College on March 18, 2016 in Washington, D.C. at a ceremony at the Smithsonian Donald W. Reynolds Center for American Art and Portraiture, presided over by Michael L. Cook, Chair of the College. ACB-Feloows PhotoPress-Release

EBRD Conference

Stathis Potamitis comments on the NPL Law and the BoG regulation of NPL Buyers and Services at the EBRD Conference on Distressed Loans in the Greek Banking System: Restructuring Portfolios, Reviving Enterprises held at the Bank of Greece in Athens on 10 March 2016. NPL EBRD presentation 050316

Business and Careers Conference

Alexios Papastavrou presents “Healthy Business – What Sort of Companies Does the Country Need to Exit the Vicious Circle and What are their Basic Characteristics” at the Business and Careers Conference held in Athens by Pan-Orama.