Supreme Court, rules in favor of Bank of Cyprus

POTAMITISVEKRIS team with Maria Ferfeli successfully represented a foreign bank in litigation proceedings before the Greek Supreme Court (Areios Pagos), which confirmed the legality and validity of an exclusive choice-of-court clause in a dispute with consumers. It was ruled that consumers claims for abusive clauses are not investigated ex officio by the court.

POTAMITISVEKRIS participated in a landmark transaction in Greek retail

POTAMITISVEKRIS supported a Greek department store for its acquisition by a listed holding company, a landmark transaction in Greek retail. Our team was comprised of partners: George Bersis, Vassilis Stergiou, Euripides Ioannou, Alexios Papastavrou, and Aspasia Malliou

Exception of Shipping Company from Real Estate Tax

The tax team of POTAMITISVEKRIS, led by Partner Aspasia Malliou and supported by associates Dimitra Katsipi and Haris Stamboulis, succeeded in obtaining a decision from the Athens Administrative Court of Appeal, according to which the general exemption from real estate tax, which applies to limited liability companies (article 15 paragraph 3 b of Law 3091/2002), also applies to shipping companies. The judgment in the above case is original, as there is no case-law precedent and upholds the exemption of the applicant shipping company from real estate tax of approximately EUR 1.300.000

Qualifying holding notification procedure with respect to the holding of a major investor in a Greek systemic bank

Partner George Bersis, assisted by Associates Nikos Stefas and Vasiliki Verykaki, are advising a major foreign investor of a Greek systemic bank with respect to its qualifying holding notification before the SSM

Financing of a gas power plant in Alexandroupolis

Partner Alexander Metallinos is advising a consortium of Sponsors on the Financing of the construction of a gas-fired combined cycle gas turbine (CCGT) power plant of a nominal capacity of 840 MW in Alexandroupolis.

c.280m EUR project financing of Kalamata-Rizomylos-Pylos-Methoni Road Axis PPP

Euripides Ioannou and Vasilis Tsintavis advised a syndicate of Greek banks on the c. 280m EUR financing for the construction of the 49 km Southwest Peloponnese Road Axis-Section Kalamata-Rizomylos-Pylos-Methoni. The project is one of few motorway PPPs in Greece and was sponsored by a consortium of Ellaktor and Intrakat.

State Direct Agreement

Partner Euripides Ioannou and Associate Nikolaos Kampantais advised the Greek Government on the direct agreement with the lenders in connection with a €680 million project financing facility for the development of a gold and copper asset located in the Halkidiki region. The project is the first project finance mining deal in Greece and is expected to provide significant social and economic benefits to Greece and the local communities.

International offering of senior secured notes by Europe’s leading lottery operator

Partner Alexander Metallinos, assisted by Senior Associate Elena Theocharakou and Associate Marialena Papageorgiou acted as Greek (local) legal counsel to Europe’s leading lottery operator with operations in multiple European countries, including Greece, in relation to the offering of €665 million in aggregate principal amount of 7¼% Senior Secured Notes due 2030 and $700 million in aggregate principal amount of 7⅞% Senior Secured Notes due 2029. The offering generated strong interest, with the orderbook being multiple times oversubscribed on both sides of the Atlantic.

Successfully defending a charity and a jewelry designer against 500k claim for IP rights infringements.

Konstantinos Papadiamantis and Evgenia Kordou, successfully represented a charity, a jewelry manufacture company, and a jewelry designer in litigation proceedings before Athens Single and Multi – Member Courts regarding an application of interim measures and a lawsuit against our clients, requesting the Court to order cessation of production and distribution of a certain object and 500k € as indemnity. The Court issued a judgment in favor of our clients, rejecting in substance the application of interim measures of the plaintiffs. Subsequently, the lawsuit was withdrawn and the trial was dismissed.