Our practice is a market leader. We have acted in all the major projects to have taken place in Greece, including the Trans Adriatic Pipeline, the Greek Motorways, and the pioneering Rion-Antirion Bridge and Athens Ring Road (Attiki Odos) projects, which opened the concessions market.
highly experienced team in project finance transactions with good reputation ... they have a very good understanding of all issues involved in project finance transactions and energy projects ... they are quick and oriented to making the deal possible
The IFLR 1000 2018
the exceptional practice at Bernitsas Law is one of the best in Greece
The Legal 500 EMEA 2017
knowledgeable, timely responses, market awareness, can communicate efficiently with lenders, commercial and doers
IFLR 1000 2017
the lawyers have a very good understanding of how finance contracts work in practice
Chambers Europe Guide to Europe's Leading Lawyers for Business 2016
We advise all market participants and count the international financing institutions, major lending banks, commercial financiers, consortia, project sponsors, construction companies, bidders and contractors with an active presence in Greece among our clients. We have acted for the EIB and the State, as well as tendering authorities. Our aim is to provide creative solutions which cater to the needs of our clients, their concerns and priorities.
Bernitsas Law is advising Intrakat in their entry into two EPC (engineering, planning and construction) agreements, with a total value of €357m, with Fraport Greece for the implementation of construction studies and works at 14 regional airports on the mainland and islands. Under a 40-year concession, Fraport Greece will undertake the management, operation, upgrade and maintenance of the airports.
We are advising the finance parties on the project financing of TAP’s development of a c.871km gas pipeline connecting to the Trans-Anatolian Natural Gas Pipeline from the Greek/Turkish border and running through Greece and Albania to Italy, connecting with the Italian natural gas distribution system near San Foca under the sponsorship of AzTap GmbH, Snam Spa, BP Gas Marketing, Fluxys Europe, Enagas Internacional, S.L.U. and Axpo Trading.
Bernitsas Law advised the Concessionaire (sponsored by a consortium of foreign and local major construction companies including Vinci and Hochtief PPP Solutions and Ellaktor) on the conclusion of an agreement with the State for the completion of the Olympia Odos motorway project (design, build, financing, operation and maintenance of the Elefsina-Corinthos-Patra stretch of the PATHE motorway) with a construction value of €2.4bn.
We advised Vinci and Aktor in relation to their participation in the public tender for the award of a concession contract for the design, construction, financing, operation, maintenance and exploitation of the new international airport at Heraklion, Crete and design, construction, financing of its road accesses.
We are advising Hellenic Petroleum in its capacity as preferred bidder in the tender process relating to the Onshore Block Areas of Arta – Preveza and Northwest Peloponnese. This is the second series of tenders for the exploration and production of hydrocarbons in Greece after the success of the open door tenders in 2014.
We are advising Hellenic Petroleum, acting either alone or as a member of a consortium with other international oil majors, in its participation to the tender process with respect to certain Offshore Blocks of Western Greece and the South of Crete.
We advised the Hellenic Republic (Ministry of Environment Energy & Climate Change) in their open door tenders for the lease of hydrocarbons exploration and production rights in three areas of Western Greece.
We advised a consortium comprised of Intrasoft International and Intrakat Constructions in the development of the project for the design, finance, installation, operation, maintenance and facilities management of a passengers’ information and fleet management ICT system for the Organisation of Transportation through a PPP.
We are advising a consortium comprised of Archirodon Group, Intrakat Constructions and Envitec on the developing and financing of a c€70m project for the design, finance, installation, operation and maintenance of integrated waste management systems for Serres through public private partnerships.
We advised a consortium comprised of Intrakat Constructions, Intracom Holdings and Hellas On Line in their entry into a concession contract with the Society of Information for the development and exploitation of broadband infrastructures in rural areas of Greece (LOT 2) through a PPP. We continue to advise on the implementation of the PPP.
We are advising The National Bank of Greece, Alpha Bank and JESSICA as the lenders to the winning consortium of the project for the design, finance, installation, operation and maintenance of integrated waste management systems for the Ilia region through a public private partnership, with a transaction value of c€70m.
We advised the Concessionaire (sponsored by a consortium of foreign and local major construction companies including Vinci and Hochtief PPP Solutions and Ellaktor) on the restructuring of the Olympia Odos motorway project (design, build, financing, operation and maintenance of the Elefsina-Corinthos-Patra stretch of the PATHE motorway) with a construction value of €2.4bn.
We advised a syndication of lending banks, with Credit Agricole acting as inter-creditor agent, on the restructuring of the Maliakos-Kleidi motorway project (design, build, finance, operation and maintenance) with a construction value of €1.7bn.
We advised Korinthos Power, a joint venture company of Mytilineos Group and Motor Oil Hellas, in the c€175m financing of a 437MW thermal power station development in Corinth.
We advised Protergia in the c€105m refinancing by their parent company, the Mytilineos Group, of the 444 MW CCGT power plant operated by Protergia in Viotia.
We represented a consortium comprised of Archirodon Group, Intrakat Constructions and Envitec in its participation in public tenders for the design, financing, installation, operation and maintenance of integrated waste management systems for the Peloponnese through a public private partnership.
We represented the National Bank of Greece in the c.€60m financing of the Larnaka International Airport Fuel Hydrant System.
We advised Unicredit Bank (formerly HypoVereinsbank) in the €55.4m financing of EEN Viotia, a subsidiary of PPC Renewables – EDF EN Greece, for three renewable energy project developments.
We advised Unicredit Bank and HSBC in the €50m financing of the contractor, a subsidiary of J&P Avax, of the design, construction, financing, maintenance and management project of the Corinth and Trikala Municipal Buildings through a public private partnership.
We advised Unicredit Bank in the restructuring of the Anemos Makedonias and Aeolos Fthiotidas (subsidiaries of RenInvest) financing for two wind farm developments.
We advised the Public Company for the Construction of Hospitals (DEPANOM) on the design, construction, financing, maintenance and management of two hospitals in Thessaloniki through a public private partnership.
We advised Marfin Bank in the financing of Hypato Energeiaki for a 3MW solar energy project development in Thebes, of Heliosar for two solar energy project developments in the Peloponnese and of Aioliki Energiaki Trizinias for a c.€11m wind park development in the Peloponnese.
We advised the State-owned Health Units Company (AEMY) in its capacity as the awarding authority on the design, construction, financing and maintenance of a medical rehabilitation centre in Northern Greece through a public private partnership.
We advised the Organisation of School Buildings in its capacity as the awarding authority on the c€69m design, construction, financing and maintenance of school buildings in Attica through a public private partnership.
We advised the Universities of Thrace and Peloponnese, through the Special Secretariat for Public Private Partnerships, in their capacity as the awarding authorities, on the design, construction, financing and maintenance of halls of residence in various cities of Greece through public private partnerships.
We advised a joint venture of Greek and international companies in their participation in the public tender for the concession of the Thessaloniki Port container terminal.