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News & Insights

10/08/2018

Nielson - Change of Guard

AKL acted for the purchaser of Neilson Active Holidays as to matters of Greek law. The multi-jurisdictional transaction included a strong focus on the Greek operations and assets of the target and its two local subsidiaries, reflecting their substantial contribution at group...
03/08/2018

Kos Development Financing

AKL advised Piraeus Bank and Eurobank on a EUR 83.7 million senior financing for the development of a hospitality resort on the island of Kos. The project involves a comprehensive renovation and in-depth refurbishment of an existing hotel and its conversion into a top-of-the-...
15/07/2018

Vivartia Group Financial Restructuring

Alexiou – Kosmopoulos advised the four Greek systemic banks on the restructuring of the senior debt of Vivartia Group, the leading Greek industrial group focused on food and dairy, completed in July 2018. The transaction involved the restructuring of senior exposures in excess...
30/03/2018

Shipyards - Special Administration

AKL acted for the consortium of key creditors, namely, Piraeus Bank S.A. and the Hellenic Republic,in proceedings to have the operator of the Skaramangas shipyards, a major domestic supplier of the Hellenic Armed Forces, placed under special receivership (Greek Law 4307/2014,...
23/03/2018

Thessaloniki Port Privatization

Alexiou – Kosmopoulos advised the Hellenic Republic Asset Development Fund on the privatization of Thessaloniki Port Authority S.A. (ThPA), the operator of Greece’s second-largest commercial port, following up on the prior success of the Piraeus port privatization. The...
20/01/2018

Make-a-Wish

AKL is delighted to become part of the family of Make-a-Wish Greece, an affiliate of Make-a-Wish International. Partner Sotiris Foteas was selected by the competent Committee to serve pro bono as new Member and Legal Counsel of the Board, starting from Spring 2018. We are...
20/01/2018

Greek Regional Airports

AKL advised the Marguerite Fund on the Greek law aspects of its acquisition of a 10% stake in the two entities that are the grantees of Greek regional airport concessions and the associated management company. The stake was sold by Slentel, a company of the Copelouzos Group,...
05/01/2018

Sibling Restructuring

AKL advised Eurobank Ergasias on the debt restructuring of two affiliates that are the owners and operators of retail shopping malls. The transaction closed in December 2017 and involved the injection of €65 million in aggregate bank debt under a total of four facilities...
05/01/2018

Hellinikon Master Plan

Helen Alexiou led the AKL team advising Lamda Development on the Hellinikon project master plan, now formally submitted to the State Council (the supreme administrative court) for pre-enactment scrutiny. Once formally issued and having assumed the status of a Presidential Decree...
02/11/2017

AKL completes Project SPV Restructuring

AKL advised Alpha Bank on the restructuring of a high-end residential project. The transaction involved a recapitalization of the project SPV (including by way of capitalization of junior debt and the introduction of top-up equity commitments) and a refinancing of senior debt...

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