Zepos & Yannopoulos has advised Ayvens Group, Leaseplan, and ALD on the merger of the Greek subsidiaries effected through the absorption of ALD Automotive by Leaseplan Hellas.

Dentons and Greek-based MSTR Law have advised the Greencells Group on obtaining EUR 65 million in development financing for its solar plant portfolio across seven jurisdictions. Bernitsas and, reportedly, Hogan Lovells advised Kommunalkredit – the structuring bank and sole lender.

Zepos & Yannopoulos has advised UCI Greece Credit and Loans Receivables Servicing Company on the renewal of the company’s operating license by the Bank of Greece.

Bernitsas, working with Linklaters, has advised Cerberus on the acquisition and financing of a EUR 1 billion asset from Intrum.

Bernitsas has advised BMW Hellas Trade of Cars SA on the successful spin-off of its vehicles leasing sector.

Contributed by Drakopoulos.

The renewable energy sector has seen significant growth and transformation over recent years, and Greece is no exception. With almost 45% of its total energy production coming from Renewable Energy Sources (RES) like solar and wind power, Greece is experiencing a shift towards more sustainable energy solutions.

Romania-based Mares & Mares and Cyprus-based Emilianides Katsaros have formed a partnership spanning Cyprus, Romania, and Greece.

Koutalidis has advised Alpha Services and Holdings on its EUR 500 million issuance of tier 2 notes due 2034 under its EUR 15 billion medium-term note program.

Your Legal Partners has advised Autohellas on its partnership with XPeng.

Papapolitis & Papapolitis has advised Dukes Education on its expansion into the Greek Market with the acquisition of the International School of Athens.

Bernitsas, working with Simmons & Simmons and Latham & Watkins, has advised Abu Dhabi Future Energy Company (Masdar) on an agreement with Gek Terna and other shareholders to acquire Terna Energy. Reed Smith and Potamitis Vekris advised Gek Terna Group.

Chronic delays and procedural inefficiencies are key issues plaguing Greece's judicial system, according to Bahas, Gramatidis & Partners Deputy Managing Partner Dimitris Emvalomenos, despite past and recent changes aimed at improving legal proceedings.

Lambadarios has advised Brook Lane Capital on their joint venture with Hellinikon, a Lamda Development subsidiary, to develop a mixed-use tower in the Hellinikon region. Dryllerakis & Associates advised Lamda.

Lambadarios has advised Hines on the submission and successful approval of the EUR 200 million Apollo Hills project in the Athens Riviera as a strategic investment.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

As the year 2024 unfolds, Greece stands as a shining beacon of opportunity in the energy sector, particularly in the realm of renewable energy. The Greek energy market has undergone a profound transformation in recent years, embracing a diverse and sustainable energy mix that positions the country as an attractive investment destination.

Bernitsas has advised Vivartia Holdings SMSA on the issue of a EUR 25 million bond loan.