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Nov 2017

Bernitsas Law advises on Titan Global Finance tender offer and guaranteed notes issue

Bernitsas Law acted as Greek law counsel to (a) the Dealer Managers in connection with the successful tender offer made by Titan Global Finance Plc (TGF), a wholly owned subsidiary of Titan Cement Company SA (Titan), to holders of TGF’s 4.25% guaranteed notes due July 2019 of principal amount €300,000,000 and outstanding principal amount €287,170,000 […]

Nov 2017

The Insolvency Review Fifth Edition 2017

Athanasia Tsene contributes the Greece Chapter to The Insolvency Review, published by Law Business Research and edited by Donald S Bernstein of Davis, Polk & Wardwell LLP. The title offers an in-depth review of market conditions and insolvency case developments in key countries around the world and the challenges faced by large multinational enterprises attempting […]

Nov 2017

Bernitsas Law advises Hellenic Healthcare in their acquisition of IASO General

Bernitsas Law advised Hellenic Healthcare Sàrl, a company majority controlled by funds advised by CVC, in its entry into a binding agreement to acquire 97% of the share capital in IASO General SA from IASO SA for c €19.4m. IASO General SA is a subsidiary of IASO SA, a company listed on the Athens Exchange, […]

Nov 2017

Bernitsas Law advises Intrum Justitia on their purchase of €1.5bn NPLs from Eurobank

Bernitsas Law advised Intrum Group on the acquisition of a €1.5bn NPLs portfolio from Eurobank and on the servicing arrangements for the portfolio. The agreement for the sale and purchase of the portfolio was signed on 5 October 2017 and the transaction closed on 13 November 2017. Intrum is a leading European credit management services group. […]

Nov 2017

Bernitsas Law advises on Astir Palace Vouliagmenis €265m bond loan

We advised the Astir Group and sponsors, including AGC Equity Partners, on the issue of a €265m bond loan by Astir Palace Vouliagmenis for the refinancing of existing bank debt and financing of the refurbishment, reconstruction and development of the Astir luxury hotel properties, a landmark Greek hotel, and the Astir marina located on the Athens […]

Nov 2017

October 2017 Monthly Tax Briefing

Greece ratified the OECD Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country reports (CbC MCAA). A Ministerial Decision sets out the dates of implementation of the MCAA for each of the jurisdictions with which Greece will exchange information.