Karatzas and Partners Law Firm

News

We advised B2Holding as participant bidder throughout the two-stage bidding process initiated by Alpha Bank, for the above sale and transfer of the portfolio, which initially had a value of total exposures of approximately EUR2.5 billion. During the second phase of the process, Alpha Bank upsized the transaction by adding a smaller portfolio (of similar characteristics) bringing the total exposure to approximately EUR1.1 billion.
On 29 May 2018 Piraeus Bank S.A. announced that it has entered into an agreement with Bain Capital Credit LP regarding the sale of non-performing and denounced corporate credit exposures, secured with real estate collateral, equivalent to €1,950mn total legal claims or €1,450mn on-balance sheet gross book value (also known as “Project Amoeba”). Karatzas & Partners advised Bain Capital on all Greek law aspects of the structuring and implementation of the transaction, which is the first commercial real-estate backed NPE sale taking place in Greece and is predestined to set the mark for future similar transactions in the secured corporate loans space. The completion of the transaction is subject to customary conditions, regulatory and other approvals by the respective authorities in Greece, including the consent of the Hellenic Financial Stability Fund.

We are delighted to announce that Karatzas & Partners received the Greek Law Firm of the Year award at the Chambers Europe Awards for Excellence, one of the most prestigious award ceremonies in the European legal calendar. The awards were held in Madrid on 20 April.

Karatzas & Partners was named Greek Most Innovative Law Firm of the Year at the recent IFLR (International Financial Law Review) European Awards, held in London on 19 April.

Karatzas and Partners was a sponsor of the 10th Panhellenic Conference for In-house Legal Counsel and our partner, Alexandra Kondyli, delivered a presentation on how an external legal counsel in cooperation with the in-house legal counsel should prepare for a case and conduct negotiations to help the client achieve a win-win business deal.

Page 3 of 9