We are the only local corporate specialist you need to know.
Seasoned operators you can trust to get the job done. We live and breathe the industry, giving us an unrivalled network of contacts, up-to-the-minute market information and a compelling reason for clients to choose us collectively.
Mergers and acquisitions
Over the years, we have supported some truly groundbreaking M&A deals. And we take great pride in the fact that we are frequently asked by our clients to identify opportunities for them through our domestic and international networks, bringing parties together as true initiators of the transaction.
Uniquely positioned to advise on all aspects of M&A transactions, we are experienced in structuring deals in the optimal way from a governance, financial, competition and tax perspective. Our corporate finance practice assists us in tackling acquisition finance issues and integrating them effectively into the deal structure. We also have a large network of financial advisors and other M&A vendors that deal with the non-legal parts of a deal, from accounting, taxation and valuation to fairness opinions.
Our team has advised on high-profile Greece-related financial transactions. From large scale private placements of securities to high- yield/investment grade debt offerings and issuance of hybrid securities with a particular emphasis on structured finance (securitizations) and loan portfolio transfers. Our corporate finance practice benefits from our strong expertise in corporate governance, often advising on governance rights attached to the securities issued in finance transactions.
We also work effectively with finance professionals to deliver comprehensive security design structures representing either the capital contributor or the business issuing the securities. Our corporate finance practice complements our insolvency practice, which leads on business restructuring, refinancing and recapitalisation.
Our corporate governance services are designed to assist shareholders, directors and managers in the creation of sustainable value in listed and nonlisted companies. We improve the governance within companies and frequently act as a bridge for the enhancement of communication between the various stakeholders of a business.
We put special emphasis on the protection of minority shareholder interests and in the structuring of shareholder engagement practices. It means that we are frequently called upon to draft or advise on the amendment of shareholders’ agreements or relationship agreements. We also conduct corporate governance research and provide advice as to best practices in order to enhance credit ratings, help a corporation prepare for an IPO or a private placement.
We celebrate entrepreneurship and growth. That’s why we have developed a specific toolkit of services for start-ups, which features a comprehensive set of key legal documents, including articles of association, shareholders’ agreements and non-disclosure agreement employment contracts, as well as advice on intellectual property, data protection registration and real estate.
It is supplemented by face-to-face support tailored to realising our clients’ desired outcomes for the future. Investment strategy is key, so a majority of our advice and support covers the negotiation of seed or growth capital from investors, either domestic or international. Our experience of dealing with venture capital and angel investors term sheets proves to be invaluable.
Advised Tentamus Analytics GmbH (one of the largest holding companies in testing laboratories globally) in the multi-million acquisition of Agrolab RDS S.A. (the leading testing laboratory in Greece with subsidiaries in Cyprus, Bulgaria and Turkey).
Advised the Finacity Corporation a US leader in the structuring of asset-backed working capital, as arranger, in relation to the establishment of an energy receivables securitization program, whereat the Public Power Corporation S.A. (“PPC”) acts as the originator. The securitization provides PPC with access to senior funding of up to €200 million and finances performing consumer and corporate energy receivables up to 60 days past due, originated by PPC from its supply of electricity in Greece.
Advising the Hellenic Post in relation to the application by the Hellenic Republic to the European Commission for the granting of a state aid package.
Advised Juul Labs, Inc. in relation to the establishment of a subsidiary in Greece and in relation to a variety of corporate law matters.
Advising Four Seasons Hotel Limited (Astir Palace) in relation to a variety of franchise and employment law matters.
Advised the Government of the Republic of Serbia in relation to corporate matters arising in connection with BIT proceedings brought against it by a Cypriot company in ICSID proceedings.
Advised Levi Strauss & Co together with DLA Piper in relation to a variety of corporate matters in Greece.
Advising the Public Power Corporation S.A. (holder of an over 80% of the market share in electricity production in Greece) together with DLA Piper in connection with the international public tender and the share purchase agreement for the 100% acquisition of the two (2) subsidiaries that operate two (2) spun-off lignite-fired power plants of overall 670MW capacity and handling together with DLA Piper negotiations thereon with potential buyers, including Guohua Energy Investment Co Ltd (China), Sev.Energy (Czech Republic) and Mytilineos (Greece).
Advised Philips Lighting Hellas S.A. (now Signify) together with DLA Piper in relation to a variety of corporate matters in Greece.
Advised MoneyGram International, Inc. together with DLA Piper in relation to the global Brexit-related corporate restructuring of its operations.
Advised Hyatt Corporation, Inc. together with DLA Piper in relation to the franchise agreement for the Grand Hyatt Athens.
Advised Alvarez & Marshal together with DLA Piper in relation to the liquidation of a EUR 50mn majority stake in a leading 5* Athens-based hotel.
Advised the Public Power Corporation S.A. together with DLA Piper on the EUR 150mn European Commission-mandated spin off of two (2) lignite-fired power plants of overall 670MW capacity.
Representing a consortium of Dutch investors in the framework of a complex cross-border acquisition of a major alternative tourism facility in the Greek islands.
Representing a leading Greek company in the field of electromechanical installations in connection with a series of international joint venture agreements for oil & gas projects in the Kingdom of Saudi Arabia and Bahrain.
Advising a leading Greek 5* hotel conglomerate in connection with a multi-million cross-border share deal, probably the largest in the domestic hotel industry for 2015.
Advising a US hedge fund with more than 9.5bn USD under management with regard to the enforcement of a collateral on shares listed in the Athens Stock Exchange in the framework of a 400mn EUR loan agreement.
Acting as international counsel to a consortium of activist shareholders, consisting of both institutional investors and UHNWIs, who are holding a minority stake in one of the oil and gas super-majors, included in the top five largest companies in the world in terms of revenue.
As a result of turbulent economic conditions, we have advised on a range of insolvency proceedings. At the same time, our exposure to these cases has equipped us with a unique expertise in advising our clients as to how to build bankruptcy-proof structures when extending credit to Greek debtors.
International creditors continuously seek our engagement to protect their interests in connection with domestic insolvent debtors, but also to advise them in the shadow of forthcoming insolvency proceedings. We represent creditors on a continuous basis in domestic insolvency proceedings and we are frequently key shapers of bankruptcy reorganisation or pre-bankruptcy reorganisation plans. Our major specialty in the insolvency area of practice is cross-border insolvency. Through our unique network internationally we are able to co-ordinate asset tracing globally and have, together with international law firms, advised in relation to Chapter 11 reorganisations and English schemes of arrangement, thus having a one-of-a-kind experience among our local peers.
Tax law in Greece is subject to continuous change and requires a Counsel to take a dynamic approach to the issues at hand. Our tax law practice goes hand in hand with our corporate practice; the tax treatment of a corporate deal is frequently the real driver of the structuring of the transaction and we never deliver advice without pricing in the tax effects. In the framework of our practice in the field of international taxation, we also work closely with advisors in other jurisdictions in order to set up the optimal holding and investment structures for our clients.
Our commitment to providing full service to our corporate clients has led us to develop a solid competition law practice. We handle cartel cases (and advise on complaints about cartel infringements before the national competition authority and before the European Commission. We also act for companies under investigation in abuse of dominant position proceedings, involving issues like discriminatory pricing, discriminatory discounts and rebates and refusal to supply customers, to give access to essential facilities, or to license intellectual property. The members of our team also have experience in private competition litigation cases, where antitrust damages are sought.
The hallmark of our dispute resolution practice is the firm commitment to established legal project management techniques. Before the initiation of every large litigation we engage in process mapping, defining and documenting each step of the litigation process, integrating quality assurance procedures and control mechanisms into every step. Through process mapping we are able upfront to improve legal performance, while at the same time help in budget management, eliminating wasteful steps, develop process controls, right-size staffing and meet the statutory or agreed-upon deadlines. Apart from the domestic litigation that we handle ourselves, we often work as part of teams in the context of multi-jurisdictional litigation. The members of our team also have experience in international commercial arbitration and in proceedings for setting aside arbitral awards.
We are well-positioned to advise on a wide range of IP law matters, particularly in the media and creative industries. We have advised on licensing agreements, sales agency agreements and distribution deals, and our team advises clients on all aspects of rights exploitation that go beyond mere distribution of productions and recordings and includes the synchronisation of content in media and the usage thereof in live events.
Apart from rights exploitation we also act with regard to rights protection thus offering an end-to-end service to our clients in this sector. Our IP practice also includes advising clients with regard to trademarks and industrial designs in both contentious and non-contentious matters.
We provide an all-round service with regard to real estate law and finance. Our clients include large international real estate funds active in both commercial, as well as high-end residential, properties, while from time to time we also advise HNWIs and UHNWIs in connection with the acquisition of prime real estate in the Greek islands and the mainland.
Our real estate services includes advising on acquisitions, search titles, zoning applications and restrictions, forestry and archaeological clearances, establishing horizontal and vertical property ownerships. We also undertake work with regard to real estate finance, particularly with regard to hotel acquisitions and retail chain leases.