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.

Wind Farm Financing

Euripides Ioannou and team advised two Greek financial institutions on all aspects of a €47 million financing of two wind farms with a total capacity of 38,7 ΜW located in the Regional Unit of Aetolia-Acarnania that are currently being constructed by a Greek venture capital & private equity management firm.

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.

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.