Work Highlights

Employment Litigation

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

Waste Management System Financing

Euripides Ioannou and team advised the lenders on the €37 million financing of the project “Implementation of the Epirus Region waste management system via a PPP”. The project involves the design, financing, construction and facility management of the Epirus Region Solid Urban Waste Management System for tenure of twenty-seven (27) years and the waste management facility also produces electricity from burning biomass.

€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.

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.

Employment Litigation

Alexios Papastavrou and team represented 178 different clients during 2016, more than 90% of which were employers and more than 80% of which were multinational companies, in more than 225 Court hearings with a success rate of over 93%.

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.