Karatzas and Partners Law Firm

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We acted as Greek legal advisers to the successful completion of TAP’s 3.9 billion euro project financing, the largest project finance agreed for a European infrastructure project in 2018.
With the financial close achieved, TAP has reached a major milestone of the project’s progress. TAP has voluntarily committed to comply with environmental and social standards required by the international financial institutions. As such, all necessary assessments to substantiate this commitment have been undertaken and met by TAP.
The financing is provided by a group of 17 commercial banks, alongside the EBRD and the European Investment Bank (EIB). Part of the financing is covered by the export credit agencies - bpifrance, Euler Hermes and Sace. The project raised EUR 3765 million in third party senior debt with a door-to-door tenor of 16.5 years, combining commercial debt along with development financial institutions (DFI) and export credit agencies (ECA) related financing.

Karatzas and Partners advised Athens International Airport with the successful completion of the structuring co-arrangement and documentation signing for an up to EUR665.6m bond loan facility, by National Bank of Greece S.A. and Piraeus Bank S.A on an equal basis.

Karatzas & Partners Law Firm is proud to be a golden sponsor of this year's ELSA Athens' Summer School on International Investment Law.
ELSA Athens Summer ELSA Law School gives its participants the ticket to explore an intriguing field of law, along with their own interests. The International Investment Law is currently one of the most popular fields of international law, given the rapid increase of international investment disputes over the past few year, as well as the theoretical and practical problems arising from possible "overlaps" with other fields of international and EU law. ELSA Athens Summer ELSA Law School addresses a variety of subjects related to international investment arbitration, ranging from investors' Standards of Treatment and Host States' Defences to the implications of umbrella and denial of benefit clauses.

Karatzas & Partners adivised AutoHellas S.A., the second largest independent car leasing company in Greece, and StormHarbour as the arranger of the innovative securitisation of automotive leases for small and medium-sized enterprises (SMEs), originated by Autohellas. This transaction represents an important milestone for the Greek securitisation market as it is the first ABS transaction issued by a non-bank originator.

The recently enacted law 4548/2018 reformed the frameworkon Sociétés Anonymes, was the subject of Karatzas & Partners Law Firm seminar, which took place on July 19th at King George Hotel. At the opening greeting, Karatzas & Partners’ managing partner, Catherine Karatzas, pointed out the necessity to modernize the law on public limited companies.

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