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May 2017

Bernitsas Law advises Alpha Bank on Joint Venture with Centerbridge Partners

We advised Alpha Bank on their innovative joint venture with Centerbridge Partners for the establishment and operation of an innovative integrated servicing platform for non-performing bank loans in the Greek market. This is the first licensed servicing company under the very recent Greek legislative and regulatory framework on servicing and transfers of NPLs and has recently started its servicing operations.

Alpha Bank is one of Greece’s four systemic banks and listed on the Athens Exchange.

Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities.

The Bernitsas Law team was led by Athanasia Tsene.