Firm / Organisation

Timagenis Law Firm

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Managing Partners: Gregory Timagenis, Lily Timagenis, Yiannis Timagenis and Christos Timagenis
Number of partners: 5
Number of lawyers: 15
Languages: English, French, German, Greek

Firm Overview:
Timagenis Law Firm was founded in 1977 and is currently one of the most prominent and market-leading law firms in Greece. Timagenis Law Firm’s legal expertise and market experience offers expert advice and personalised services to its international and domestic clients in all areas of commercial law. The firm’s tradition, strength and main volume of work lie in the shipping, banking and finance, shipping taxation, general corporate and commercial matters, as well as handling complex domestic and cross-border dispute resolution cases (in both arbitration and court litigation).

Main Areas of Practice: 

Maritime:
The firm provides all the legal services required by domestic or international companies involved in ship- ping. The practice of the firm includes the handling of a very broad area of contentious matters relating to admiralty, salvage, towage, collision, charterparties, carriage by sea, bills of lading, cargo claims, personal injury, as well as arrest of ships, enforced sale of ships, maritime liens and enforcement of ship finance securi- ties (ship finance banking litigation, maritime debt recovery and corporate veil piercing proceedings). It has a strong reputation in dealing with matters pertain- ing to all non-contentious and corporate aspects of shipping including inter alia incorporation of maritime companies, sale and purchase of ships as well as ship and mortgage registration. A particular strength of the firm is dealing with every aspect of ship financing including negotiation of ship finance loan agreements for newbuilding and second-hand vessels, refinancings, work-outs and restructurings in the context of prob- lematic and non-performing shipping loans, advising on transfers of ship finance portfolios etc.

Dispute Resolution & Arbitration:
The firm has a formidable reputation for its expertise and legal skill in complex domestic as well as interna- tional litigations with multi-jurisdictional elements and arbitrations conducted in accordance with ICC, LCIA or LMAA rules as well as PAMA and the Hellenic Chamber of Shipping. Gregory Timagenis has been ap- pointed regularly as an arbitrator in ICC and Hellenic Chamber of Shipping arbitrations. The Firm is regu- larly involved in the recognition and the enforcement of foreign arbitral awards and foreign judgements.

Banking & Finance:
The firm advises a number of Greek and foreign banks on their usual banking activities as well as on financing transactions and on litigation. The firm’s practice on the transactional side involves advising banks in agreements for the financing or refinancing particularly of newbuilding and second-hand vessels, in foreign exchange transactions, swaps and other derivatives, including related netting issues, money laundering, consumers’ protection, data protection, the transfer of banking business, transfer of loan portfolios, restructurings and work-outs as well as on usual banking work (such as bank licensing, KYC, bank guarantees and let- ters of credit, transfers, taxation of banks, bank secrecy etc.). The firm offers comprehensive legal advice on all financing aspects including the structure of the financ- ing transaction both from bank’s perspective and from borrower’s and the handling of the transaction from its inception up to the closing and involves single-ship or multi-ship financing, bilateral or syndicated, term loans, revolving credit facilities, mezzanine financing as well as sale and leaseback transactions (particularly involving Chinese lease companies), risk participation agreements, assignments of loans and transfer of portfolios including transfer of the relevant security package etc. The firm also handles restructuring and work-out transactions and the preparation and negotiation of the relevant documentation including interim settlements, standstill and forbearance agreements. In the context of litigation, the firm has been involved in debt recovery claims for banks at both domestic and cross-border scale including enforcement of judgments and arbitral awards, enforcement of mortgages on ships or real estate, arrest of vessels, bank account attachments and in general enforcement of the entire security package of a ship finance loan agreement, performing asset searches, corporate veil piercing proceedings and imposing interim charges such as provisional orders, prenotations or similar charges on assets etc.

Capital Markets & Securities:
The firm advises banks (as underwriters) and compa- nies in international capital markets transactions and their subsequent relations with the Stock Exchange and the Capital Market Authorities. The firm is particularly specialised in listing of shipping companies and has advised the first shipping company to be listed with the Athens Stock Exchange (ATHEX). The firm acted as issuer’s Greek Counsel in one of the largest deals in the history of the ATHEX concerning the issuance of the ground-breaking €400m high yield bond to partly finance the acquisition of a 33% stake in a major ATHEX listed corporation. The firm consistently acts as Greek law counsel and provides legal opin- ions to underwriters regarding share issuances and IPO relating to Greek interest listed shipping companies.

Joint Ventures, Mergers & Acquisitions:
The firm has extensive experience in advising on joint ventures, shareholder’s agreements and M&As advising both Greek shipowners and foreign investors. The firm assists in the structuring of the transaction from incep- tion to closing including preparing the necessary agreements and corporate structure, coordinating foreign counsel, carrying out the necessary legal due diligence and organising the completion of the transactions.

General Commercial & Corporate:
The firm provides comprehensive advice to corpora- tions with particular emphasis on Greek and foreign shipping and ship management companies providing legal support on a broad aspect of matters including from everyday legal issues to complex corporate and commercial matters. In particular, the firm is involved in the drafting and negotiation of commercial contracts of all types includ- ing lease, employment, outsourcing, IT, distribution and agency agreements as well as in all types of commercial litigation and proceedings that may arise in the course of business activities of a corporation including bankruptcy and reorganisation, trademarks, agency, employment etc. The firm has long standing expertise in the incorporation and legal issues of all types of Greek Companies shipping and non-shipping and provides regular advice on the setup, establishment, organisation and structure of group of companies and multinational corporations with branches or subsidiaries in Greece.

Real Estate: The firm deals with the sale and purchase of real estate often combined with the creation of a corporate struc- ture for the real estate ownership with the assistance of local counsel were necessary, the import/export of capital, tax issues etc. The firm also engages in ownership investigation, asset searches as well as mortgages and prenotations of real estate as security for debts.

Shipping Administrative & Taxation:
Administrative and taxation aspects are dealt with by the firm in all cases of corporate and banking work, foreign investment, joint ventures, mergers and acquisitions, transfer of business and inheritance cases. On the advisory side, the firm provides regular advice to individuals, shipmanagement and shipbroking companies on all shipping taxation matters. On the contentious side, the firm handles shipping related administrative and taxation proceedings. In particular, the firm has successfully represented individual ship-owners and shipmanagement companies in administrative and taxation proceedings before all court levels as well as before public authorities and regulators. The firm successfully acted for the Union of Shipowners of Passenger Ships before the full session of the Legal Council of the State in connection with the VAT relating to the bars and restaurants consumption on board passenger ships and ferries performing international voyages.

Family, Inheritance & Estate Planning:
The firm deals with a limited number of such cases on a confidential basis for major clients in Greece and abroad and especially where business and assets in more than one jurisdictions are involved including coordination to foreign counsel. Data Protection: The firm was the first shipping firm to provide advice on data protection matters under the Directive 95/46/ EC regime. Currently the firm offers bespoke legal advice on data protection and privacy matters in Greece and is advising its shipping clients in all aspects of application of the GDPR and its impact on their business operation.

Employment:
The Firm advises Greek and international corporations with branch offices in Greece in all aspects of employment law in Greece. The in-depth knowledge of the specific provisions applicable and inner workings of shipping companies allows the Firm to provide strategic and practical advice on almost every contentious and non-contentious employment law aspect that may arise. One of the most important aspects of the Firm’s expertise lies in successfully guiding employer corporations to handle employment disputes leading them to avoid time-consuming and expensive court proceedings.