Work Highlights

State Aid

Dimitris Loukas and team advised the Hellenic Republic Asset Management Fund in relation to state aid issues possibly arising in the context of a tendering procedure for a concession award.

Abuse of Dominant Position

Dimitris Loukas and team advised a Greek telecommunications provider in ongoing proceedings before the Hellenic Telecommunications & Post Commission in relation to a case of alleged abuse of dominant position by way of margin squeeze against two other telecommunications providers.

Energy Sector Financing

George Bersis and team acted as counsel as to Greek law to a leading company in the oil and petrochemical sector, with respect to the guarantee of approximately €350 million senior notes issued by its UK based affiliate listed on the Irish Stock Exchange and the issuance of an intragroup bond loan of an equal amount.

Sale of Commercial Real Properties

George Bersis and team advised a bank liquidator on the sale through an open tender of commercial real estate properties with an aggregate value of EUR 28.5m.

Airport Concession

George Bersis and Vassilis Stergiou advised the Hellenic Republic Asset Development Fund on the 20- year extension of the Athens Airport concession.

Employment Litigation

Alexios Papastavrou and team successfully represented a major industry against claims of illegal dismissals by more than 400 employees.

€138m Pension Scheme Dispute

Alexios Papastavrou and team successfully represented a major international bank against claims by more than 500 former employees who were requesting c.€140m and interest from the partial liquidation of a defined benefit pension scheme.

ICC Arbitration

Vicky Psaltis and team successfully represented a Greek subsidiary of a multinational group in an ICC arbitration relating to a tax indemnity claim pursuant to a share purchase agreement.

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.