Bernitsas Law acted as Greek law counsel to Piraeus Bank SA as senior loan noteholder and senior facility agent in connection with a c.€200m private securitisation of car lease receivables originated by Olympic Commercial and Tourist Enterprises Single Member SA (Avis Budget Greece).
Piraeus Bank is a systemic Greek Bank, and the leading bank in the Greek market by loan and deposit market share and network presence.
Olympic is the leading car mobility company in Greece and the national master franchise of Avis Budget Group.
Partner Athanasia Tsene led the team advising on this transaction which also included Senior Associate Sildia Fotopoulou, Associate Odysseas Fokas and Trainee Attorney Aiantas Serfas.