Firm / Organisation

Rokas Law Firm

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Senior Partner: Prof. Dr. Ioannis Rokas
Managing Partner: Alkistis Christofilou
Number of partners: 9
Number of lawyers: 87 (at the Athens office: 30)
Languages: Albanian, Bulgarian, Czech, English, French, German, Greek, Italian, Romanian, Russian, Serbian, Spanish, Ukrainian

Firm Overview:
Rokas was established in early 1977 and has since grown to the first Greek law firm that is active in 11 European countries. Rokas is a full service firm and specialises in several market sectors, with an advisory/ regulatory and litigation / ADR practice. Its clients include corporations active in finance, insurance, banking, energy, telecommunications, technology, construction, real estate; also, businesses in the aluminium, steel and gas sectors; tobacco and courier companies; state institutions and regulators.

Main Areas of Practice:

M&A / Privatisations / Corporate and Commercial:
5 partners; 6 associates
■ Hellenic Republic Asset Development Fund: privatisation of the Mykonos Port Tourlos
■ Hellenic Republic Asset Development Fund: development of an underwater gas storage tank located in South Kavala
■ Acted for sellers in the electricity supplier’s NRG shares sale to the Motor Oil group
■ Represented the electricity incumbent in the divestiture of the power grid company via the sale of shares to China’s SGID and to a state owned SPV and indirect listing of the rest of stock
■ Acquisition of a hotel and residential complex in the center of Sofia, Bulgaria and hotel management agreements
■ Divestiture of a Greek systemic bank’s subsidiary in North Macedonia
■ Advising and representing clients on several business law and regulatory issues, e.g. company transformations, commercial agency and distribution, business transactions, et.al.
Contacts: Alkistis Christofilou, Mira Todorovic Symeonides, Dr. Harris Synodinos, Dr. Antonios Tsavdaridis, Nick Boutsikos

Energy:
2 partners, 5 associates
■ Energy related privatisations and M&As as listed in the M&As section
■ Legal support to several RES developers in their business activities in Greece: acquisition of a Project of strategic interest for development of over 250 MW of solar PV and further support in licensing and other procedures; developing a project of above 200 MW of wind farms; legal support regarding the EPC agreement negotiations for an above 200 MW PV park
■ Legal support to an electricity supplier regarding the procedures and obligations of suppliers in compliance with EMIR, REMIT, MFiD II, and Energy exchange regulation
■ Support to a gas distribution operator regarding gas distribution tariffs
■ Representation of the incumbent’s RES subsidiary in a dispute before the Supreme Administrative Court re the legality of the generation license of a wind farm
■ Representation of a private electricity and gas supplier in numerous cases before the Supreme Administrative Court regarding the legality of the terms of electronic auctions of electricity futures
■ Representation of a gas supplier in disputes with the gas TSO regarding booking capacities
■ Representation of major Greek energy-intensive industrial client in a dispute against the Greek electricity TSO regarding charges imposed to auto-producers with high efficiency cogeneration of heat and power (CHP)
■ Support of DSO acting as Market Operator of the non-interconnected islands in regard to drafting a proposal of a Ministerial Decision regulating two pilot projects for clean islands
Contacts: Mira Todorovic Symeonides, Dr. Harris Synodinos

Dispute Resolution & ADR:
5 partners; 7 associates
■ Arbitration for the French, Italian and Greek Guarantee Funds against the Motor Insurance Bureau of the UK, in the first ever international arbitration between Motor Insurance Bureaus, in a dispute related to the insolvency of a Gibraltar insurer
■ Representing Generali and QBE in a series of claims litigation originating from the closure of the main Greek Motorway connecting Athens and Thessaloniki owing to rock fall
■ Representing the incumbent gas distribution company in two ad hoc international arbitrations against a Greek insurer for claims originating from non consumption of agreed gas quantities by incumbent’s clients (electricity producers)
■ Represented the Greek subsidiary of the world leading cement producer in a unique dispute before the Administrative Supreme Court, involving the recovery of state aid
■ Advisor to one of the world’s leading batteries’ manufacturer in the largest ever casualty (fire) insurance claim in Greece
■ Representing several insurers in claims against the Hellenic Republic due to unlawful conduct of the police during the December 2008 riots
Contacts: Dr. Antonios Tsavdaridis, Nick Boutsikos, Christos Theodorou

Insurance:
5 partners; 5 associates
■ Rokas represents the insurer in a 25 million EUR fire loss dispute, regarding a factory complex, against the real estate owner. The core of the dispute revolves around the insurer’s allegation, that the fire was caused intentionally by the tenant - operator of the factory
■ Battery manufacturer – the firm represented the insured in an out-of-court settlement, by which he received the largest ever insurance indemnity paid in Greece
■ The firm maintains a recognised leading practice in insurance, reinsurance and insurance mediation law. It supports Greek and international clients in all related aspects including establishment, licensing and run-off, M&As and portfolio transfers, passporting of services, regulatory and compliance issues, the Brexit
Contacts: Prof. Dr. Ioannis Rokas, Alkistis Christofilou, Christos Theodorou

Pharmaceuticals and Diagnostics:
3 partners; 3 associates
■ Recorded the first winning decisions in clawback litigation in Greece, annulling the obligation of client to pay clawback
■ Representing three global leader pharmaceutical companies and diagnostics company against the HR in litigation over clawback disputes and over the collection of public hospitals debt
■ Provision of day-to-day legal support to major pharmaceutical companies with regard to various regulatory issues
■ Preparation and review of clinical trial agreements for various arrangers
Contacts: Christos Theodorou, Nick Boutsikos, Dr. Harris Synodinos, Alkistis Christofilou

Employment:
1 partner; 2 associates
■ Representation of a major insurance company as employer and as insurer concerning the calculation of the pension benefit (lump-sum) that is provided to its employees who exit for full or early retirement.
■ First Instance Courts rejected several ex-employees lawsuits against the client
■ Advised a MNC pharmaceutical company on reorganization/voluntary exit scheme
■ On-going support to companies of a wide range of sectors
■ Representation of a major insurance company on a pilot case concerning the existence or not of obligation on the part of the employer, deriving from a Group insurance contract, for the payment of a lump sum benefit to its employees during their exit, in view of the fact that the relevant reserves are not sufficient
Contact: Christos Theodorou