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.
professionalism, in depth knowledge of legal matters, responsiveness, and business-oriented feedback
The IFLR 1000 2019
often first on the list for landmark projects and privatisations
The Legal 500 EMEA 2019
solid work and perfect collaboration ... very well educated and to the point advice
The IFLR 1000 2019
excellent ... deep market awareness and focused, constructive advice
The Legal 500 EMEA 2018
highly experienced team in project finance transactions with a 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
well up to speed with developments in the market – their partners are available and on top of things
Chambers Europe 2018
the exceptional practice at Bernitsas Law is one of the best in Greece
The Legal 500 EMEA 2017
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.
We advised a consortium of international financing institutions including the EIB and EBRD 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, SLU and Axpo Trading.
We are advising Gastrade, the project company, in developing the Alexandroupolis Independent Natural Gas System (INGS) project, a cutting edge technology project which comprises an offshore floating unit for the reception, storage and re-gasification of LNG and a system of a subsea and an onshore gas transmission pipeline through which the natural gas is shipped into the Greek National Natural Gas System (NNGS) and onwards to the final consumers. Alexandroupolis INGS will secure new natural gas quantities, enhancing the security of supply in Greece and the Balkans.
We are advising a consortium led by Vinci in its participation in a tender conducted by the Hellenic Republic Asset Development Fund (HRADF) for the award of a concession contract for the Egnatia Odos and the upgrade of three vertical road axes.
We are advising the Structural Reform Support Service (SRSS) of the European Commission and the General Secretariat for PPPs of the Ministry of Development and Investments, in relation to the project for the supporting of public private partnerships in Greece (including preparation of guidance tools for the tender authorities and of standardised tender documents).
We are advising the awarding authority on the development of the Athens Central Intercity bus terminals throughout Greece.
We are advising a consortium led by Vinci in its participation in the tender launched by The Ministry of Transport for the concession of the design, financing, construction, maintenance and exploitation of the VOAK Motorway.
We are advising YHS Strymonas SA, the developer of a 2MW hydropower plant in river Strymonas in Northern Greece, on the financing by the National Bank of Greece SA (NBG Greece) acting as bondholder agent and bondholder and NBG Bank Malta Ltd (NBG Malta) acting as bondholder, by way of two €3,65m bond loans. Under a Chinese Walls arrangement, we are also advising the sponsors of the project.
We are advising the joint venture company ICGB AD on the development of the Gas Interconnector Greece-Bulgaria (IGB Pipeline), which will provide a direct link between the national natural gas systems of Greece and Bulgaria with an entry point in the vicinity of Komotini and an exit point in the vicinity of Stara Zagora. The IGB Pipeline will act as a strategic gas transportation infrastructure providing diversification of gas supply to the Bulgarian and South East Europe gas market and supply security to Greece.
We advised a consortium led by Vinci in its participation in a tender for the design and implementation of an electronic tolling system launched by the Ministry of Transportation.
We have been advising Hellenic Petroleum in relation to its participation in a number of international tenders launched by the Hellenic Republic (Ministry of Energy) and the Hellenic Hydrocarbon Resources Management Company for the lease of hydrocarbon exploration and production rights in certain areas of Greece.
We advised Hellenic Petroleum, acting either alone or as a member of a consortium with other international oil majors, in its participation in the tender process with respect to certain Offshore Blocks of Western Greece and the South of Crete.
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 a consortium of S.N.T.G.N. Transgaz SA, The European Bank for Reconstruction and Development, Reganosa Asset Investments, SL and Regasificadora del Noroeste SA in the tender for the acquisition of a 66% stake in Hellenic Gas Transmission System Operator (DESFA) involving the sale of 31% in DESFA held by HRADF and the 35% held by Hellenic Petroleum, with the remaining 34% being transferred to the Hellenic Republic.
Bernitsas Law advised 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. This is the first time in the history of Greek concessions that the contractor is neither a sponsor nor an entity affiliated with the concessionaire, making this a tripartite negotiation involving entities with distinct and divergent interests.
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 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 Ioannina, West Patraikos Gulf and Katakolo, all in 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 advised 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 a public private partnership.
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 proposed project 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.