Zepos & Yannopoulos has advised Westfort Capital Limited on the sale and financing restructuring of two hotels located in Rhodes and Crete.

Contributed by Drakopoulos.

Drakopoulos has advised the European Commission's Directorate-General for Energy on reviewing the transposition process of Directive 2018/2001 (RED II) on the promotion of the use of energy from renewable sources into the Greek legal framework. Dimitrov Petrov & Co, Kirm Perpar, Wardynski & Partners, and Kinstellar Croatian affiliate Zuric i Partneri advised on the transposition review in Bulgaria, Slovenia, Poland, and Croatia, respectively. CLM Bitai & Partners and Vojcik & Partners also reportedly advised the European Commission.

Zepos & Yannopoulos has advised Piraeus Bank on entering into a strategic partnership with Resolute Asset Management Group subsidiary Resolute Hellas for the management of the bank's real estate portfolio.

Zepos & Yannopoulos has advised the Schur Flexibles Group on its successful financial restructuring.

Kyriakides Georgopoulos has advised LDA Capital on its EUR 20 million investment in Proodeftiki ATE.

Zepos & Yannopoulos has advised Club Med SAS on the EUR 70 million sale and leaseback transaction for the Gregolimano Village resort on Evia with Hova Hospitality, acting on behalf of Primonial REIM France. Watson Farley & Williams advised Hova.

Bernitsas Law, working with Linklaters, has advised GIC on a strategic partnership with the Sani/Ikos Group. Kirkland & Ellis reportedly advised the Sani/Ikos Group.

The Greek market is experiencing an intense period in terms of transactional workload, mainly due to investments coming in through privatizations and concessions, as well as the powerful development of the renewable energy market, according to KLC Law Firm Deputy Managing Partner Theodore Loukopoulos.

The highlight of Drakopoulos’ work this year would be corporate and M&A, according to Managing Partner Panagiotis Drakopoulos, as a result of the overall Greek business climate and the country’s good position geopolitically, making it particularly attractive for foreign direct investments.

Kyriakides Georgopoulos has advised the Quest Group on its acquisition of G.E. Dimitriou through a court-ratified rehabilitation agreement contemplating a EUR 5 million participation of Athex-listed Quest Holdings in a share capital increase of the target company.

Lambadarios has advised the Hellenic Republic Asset Development Fund and Hellenic Petroleum on the sale of Depa Infrastructure to Italgas for EUR 733 million.

Koutalidis has advised Eurobank, the National Bank of Greece, and Piraeus Bank on the financing for the Hellenic Electricity Distribution Network Operator through the issuance of a bond loan up to an overall amount of EUR 660 million.

Koutalidis has advised a syndicate of Greek banks on the refinancing of the existing indebtedness of Athens International Airport. 

Bernitsas has advised Delta Foods SMSA on the sale of its wholly owned Bulgarian subsidiary United Milk Company EAD to Tyrbul EAD. 

Kyriakides Georgopoulos has advised CC Beverages Holdings II on its EUR 45 million acquisition of Three Cents from S.I.C.C Holding Limited.

Norton Rose Fulbright has advised the National Bank of Greece on EUR 450 million financing of floating storage and regasification terminal off the coast of Alexandroupolis. Bernitsas Law advised Gastrade.

Public procurement in Greece by entities operating in the energy sector is regulated, mainly, by Law 4412/2016 on Public works, supplies, and services contracts – Transposition of Directives 2014/24/EU and 2014/25/EU. Public tenders are conducted via the National System of Electronic Public Procurement and the award of public contracts must comply with the general principles of the Treaty on the Functioning of the European Union, namely equal treatment, non-discrimination, mutual recognition, proportionality, and transparency.