Karatzas and Partners Law Firm

Karatzas & Partners advises Eurobank as regards with the largest hive-down ever performed in Greece

Karatzas & Partners is pleased to have assisted Eurobank in the hive-down of its banking sector into a new credit institution and the transformation of the existing legal entity into a holding company. This transaction was the largest hive-down ever performed in Greece and the most complex corporate transformation, due to the regulatory requirements that needed to be met and the difficult legal issues created by the fact that the banking business being transferred contained rights and obligations governed by various foreign laws. It was also the first major corporate transformation that utilized the new law on corporate transformations passed in 2019. The role of Karatzas & Partners was pivotal in planning the transaction and helping to solve the legal issues that arose as part of its implementation. The hive-down is a significant part of Eurobank’s strategic plan to accelerate the reduction of NPLs. Karatzas & Partners has been assisting Eurobank in all phases of the plan. For more information click on the following link