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Dec 2017

Bernitsas Law advises Ellington Management Group on investment of Ellington funds in Thea Artemis

Bernitsas Law acted as Greek counsel to Ellington Management Group in connection with the investment of Ellington Funds in Thea Artemis, a licensed servicing platform for non-performing loans, which was formed in July 2017 through a partnership between Attica Bank and Aldridge EDC.  Thea Artemis acts as a servicing platform for the €1.3bn portfolio of NPLs disposed of by Attica Bank (the Artemis Portfolio).

Ellington Management Group is a US-based investment manager. Attica Bank is Greece’s fifth largest bank.

Athanasia Tsene led the Bernitsas Law team.