This firm is also ranked in:Global 2021 High Net Worth 2020
This content is provided by Koutalidis Law Firm.
Managing Partner: Tryfon J Koutalidis
Managing Partner: Nikos C Koritsas
Number of partners and fee earners worldwide: 50
Languages: English, French, German and Italian
Koutalidis Law Firm is one of Greece’s leading firms and has a robust reputation both locally and abroad as one of the foremost providers of legal services in Greece. Awards include: by Chambers Europe, the Awards for Excellence, as Greek Law Firm for 2008; by I.F.L.R., as Greek Law Firm of the years 2005, 2012 and 2014, and for Debt-equity linked deal of 2013; by IJ Global Awards for its work on the 14 Regional Airports project financing (2018); by American Lawyer for the Global Finance Deal of 2013 and the Public Restructuring Deal of 2013; by International Tax Review for Tax Firm of 2012; by World Finance, as Best M&A Team in Greece for 2008; by World Finance, as Best M&A Team in Greece for 2010; and listing in the 2008 FT Innovative Lawyers List of Financial Times (sole Greek law firm listed).
Main Areas of Practice:
The firm advises many domestic and international companies on an ongoing basis, such as Vodafone- Panafon, Alpha Bank, BAML, Heinz, Deutsche Bank, HOCHTIEF, WPP, Société Générale, UBS, JP Morgan, Goldman Sachs, HSBC, Crédit Agricole, Morgan Stanley, Intracom, GMR Airports Limited, China Three Gorges Corporation, Intralot, ACNielsen, Bosch Siemens Home Appliances, Fraport, Copelouzos Group.
Privatisations - Restructuring of State Owned Companies:
The firm has advised the Fraport and Copelouzos consortium on the conclusion of the concession by the HRADF for the exploitation, operation and maintenance of 14 regional airports; Aktor Concessions S.A. on the privatization of the Alimos Marina; and the Hellenic Republic Assets Development Fund (HRADF) with respect to the successfully awarded privatisation of Hellenic Gas Transmission System Operator (DESFA). We currently advise the HRADF on the privatisation of Larco.
The firm advised a syndicate of all Greek systemic banks and Attica Bank on the €1.085 and €175m syndicated bond loans to PPC; a syndicate of all the Greek Systemic Banks in connection with the €193m secured bond loan to GEK TERNA S.A.; Alpha Bank, Piraeus Bank and the National Bank of Greece on the €132 million secured bond loan to Terna S.A..
The firm advised Eurobank Ergasias and Piraeus Bank on the €650mil. rights offering of Lamda Development and the four Greek systemic banks and Euroxx Securities on the public offering of a €320mil. bond loan issued by Lamda Development, both admitted to trading on the Athens Exchange. The proceeds will be used to finance part of the development of the landmark project at Athens’ former Hellinikon airport.
The M&A team recently advised Eurobank Ergasias S.A. with regards to the sale of 80% of the share capital of its subsidiary Eurobank Financial Planning Services to DoValue S.p.A., a complex transaction comprising the sale of the largest NPL Servicer in Greece; as well as the sellers in connection with the sale and transfer of 44,9% of Skroutz S.A., which operates the leading comparison engine in Greece, to Saiga S.a.r.l, member of CVC.
The firm has been involved in all major project finance transactions in Greece over the years including: Athens Airport, Attica Toll Road, Rio-Antirio Bridge, 14 Regional Airports, Maliakos – Kleidi Toll Road. This year we advised a syndicate of all Greek systemic banks on the financing of the extension of the term of the Airport Development Agreement entered into between the Hellenic Republic and Athens International Airport S.A.; Aktor Concessions S.A. and the concessionaire on the concession of the Alimos Marina; the Indian multinational GMR Airports Limited on the New Heraklion Airport.
The firm advises a major real estate fund (Bluehouse) on the acquisition of real estate companies owning/operating shopping malls and strategic assets in Athens through private tenders; as well as McArthurGlen Group, the leading developer, owner and manager of designer outlet villages in Europe with the operation of its outlet centre in Athens.
Arbitrations & Litigations:
The firm has been involved in high profile cases such as representing a 14 regional airports Concessionaire (Fraport Greece), affiliate of Fraport AG, in ICC arbitration versus the Greek State due to lack of proper maintenance of the airports by the Greek State between the submission of the offers and the delivery of the airports to the Concessionaire and in ICC arbitration versus the Greek State in connection with the reconstruction of the Mykonos airport pavement; and representing a motorway operator (Aegean Motorway S.A.) before the Greek courts of all instances for claims exceeding €20 million by bus companies, restaurants and other claimants affected by a major rockfall and in ICC arbitration versus the Greek State in connection with the issuance of a tunnel operation permit.
Restructuring and Insolvency:
The firm recently advised a syndicate of all Greek systemic banks and Attica Bank on the debt restructuring and corporate reorganization of the listed entity Sidma Steel S.A; Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank on the sale of the majority participation stake in two (2) major fish farming companies, i.e. Selonda S.A. and Nireus S.A., both listed on the AthEx, to Andromeda Seafood S.L., following an open bidding process; all four Greek systemic banks on the analysis and implementation of a debt restructuring schemes in relation to the existing facilities granted to Creta Farms AVEE in the form of common bond loans as well as through bilateral credit facilities.
The firms’ tax department advised on the tax aspects of most of the banking, finance and securities and M&A transactions where our firm was involved. We advised the Joint Lead Managers represented by J.P. Morgan on the € 3 billion, 1.50 per cent., Notes issuance by the Hellenic Republic in June 2020; and Alpha Bank on its landmark Euro 500 million Tier II subordinated bond under the EMTN Programme in February 2020.
The firm advised various major investors for the development of RES projects with a total planned capacity above 3GW and various leading RES producers with respect to the management of their existing projects.
EU & Greek Competition:
The practice covers all aspects of EU and Greek competition law, including state aid and competition cases (before the Hellenic and the European Competition Commission, and before courts). Examples of recent work include advice to: Hellenic Post S.A. on Antitrust and State aid issues arising out of the provision of both the Universal Postal Service (UPS) and commercial postal services; PPC Renewables S.A. on merger control and antitrust issues; Adidas Hellas S.A. on monitoring and safeguarding compliance of its distribution system and its e-commerce policy with antitrust rules.
White Collar Crime:
Koutalidis Law Firm’s team of expert lawyers, experienced in national and cross-border investigations, regularly assists corporate clients from a wide range of industry sectors (including the pharmaceutical and consulting services sectors) in achieving successful outcomes in large-scale investigations.
The firm advises Vodafone-Panafon SA, one of the leading Greek providers of mobile telecom-munication services in Greece, as well as Intracom group (manufacturer of telecommunications equipment and provider of various telecommunication services).
This firm is also ranked in:Global 2021 High Net Worth 2020