Get Adobe Flash Player
 
Get Adobe Flash Player
 
Securities and Capital Markets
Banking and Finance, and Restructuring
Project Finance
IT and Telecommunications
Privatizations
M&As
Civil and Commercial Law
Public and Administrative Law
Litigation and Arbitration
Energy and Utilities
EU and Greek Competition Law
Tax
Aviation & Shipping
Securities and Capital Markets
Koutalidis Law Firm is one of the leading Greek law firms in the field of Securities and Capital Markets. Benchmark transactions in the field of tender offers, include advising:
• Advising the Steering Committee of creditors that was appointed as representative of the Private Creditor-Investor Committee for Greece, formed to act as a forum for developing or discussing proposals for a voluntary private sector involvement (“PSI2”) in achieving debt sustainability for Greece in the context of the agreement of October 26/27 2011 reached with Euro Area leaders (the “Transaction”). The Steering Committee was co-chaired by Messrs. Charles Dallara of the Institute of International Finance and Mr. Jean Lemiere of BNP P. The Transaction which involved the exchange of Euro206bn sovereign debt instruments, was completed early in March 2012 and is the largest and most completed debt exchange transaction organized ever.
• Advising on Greek law matters Deutsche Bank AG, BNP Paribas and HSBC in their capacity as the Dealer Managers in the €200bn approx. Private Sector Involvement (“PSI1”) Programme, announced by the Hellenic Republic for the restructuring of its sovereign debt and organised in accordance with the statement of the 21st of July, 2011 by the Heads of State or Government of the Euro Area and EU Institutions. PSI1 shortly before its completion was superseded by PSI2, negotiated on the basis of the statement dated the 26th of October, 2011 by EURO Summit.
• Deutsche Telekom AG on its €4.5bn (the largest so far investment in Greece) acquisition of 40% in OTE SA the incumbent telecom operator (listed on the Athens Exchange and NYSE), and on its shareholders agreement with the other major shareholder of OTE SA, the Hellenic State. The transaction was progressively completed from 2008 until 2010;
• BC Partners on the €1bn Leveraged Buy-Out of Hyatt Regency SA, a listed leading casino operator, including the first – ever in the Greek market – cash out merger (and consequential de-listing) of Hyatt Regency from the Athens Exchange.
• ISDA on the deliverability of Greek sovereign bonds and on matters pertaining to Credit Default Swaps, in connection with PSI2.
• Societe Generale on the acquisition of the General Bank of Greece S.A., Societe’s local subsidiary;
• Emporiki Bank in relation to its €3.2bn privatisation process in 2006, involving the launch of a voluntary tender offer by Credit Agricole for the acquisition of a controlling stake in Emporiki Bank;
• A Group of seven Underwriters led by JP Morgan (namely BofA Merrill Lynch, Deutsche Bank, Morgan Stanley, Citi, Nomura International, UBS Investment Bank and JP Morgan acting as Global Coordinator) on the Alpha Bank (the second largest bank in Greece) €968m rights issue in 2009, offered within the EU and in the US on the basis of 144a Rule.
• The National Bank of Greece on the first ever issuance by a Greek bank of approx. US$600m redeemable non-voting non-cumulative preference shares, listed on the New York Stock Exchange and offered in the US in 2008.
• Alpha Bank in relation to its share capital increase of approximately one billion euro through the issuance of non- voting redeemable preference shares issued in the context of the Greek government support scheme in 2009.
• JP Morgan in connection with the regulatory examination and related process of subscription by JP Morgan of €280mio structured Notes issued by the Hellenic Republic (a matter that involved Parliamentary Hearing of JP Morgan’s representatives) in 2007.
• Alpha Bank on its €550m Liability Management Scheme including the buy-back of hybrid and lower tier II instruments.
• Dubai Financial on its acquisition of a €500mio stake in Marfin Group SA, a Greek listed company on the Athens Exchange, holding company controlling two banking licenses in Greece in 2006;
• National Bank of Greece on its voluntary offer to acquire hybrid securities of €1.05bn issued by NBG’s subsidiary, National Bank of Greece Funding Limited in 2009;
• Euroclear in connection with matters pertaining to the holding of securities traded through Greek organised markets, in accounts of Euroclear in 2009.
• Alpha Bank SA one of the leading Greek banks on the establishment of its US$7bn USMTN Programme in 2008.
• Deutsche Bank and Morgan Stanley, as co-Arrangers, on the update and amount increase of the €20bn EMTN Programme of EFG Eurobank Ergasias SA, a leading Greek Bank in 2010.
• Deutsche Bank, as co-Arrangers, on the update of the €4bn EC Programme of EFG Eurobank Ergasias SA, a leading Greek Bank in 2009.
• Alpha Bank, a leading Greek Bank, on the update and amount increase of its €30bn EMTN Programme – the largest EMTN Programme established by a Greek Bank in 2010.
• Alpha Bank, on its €600m second Tier I issue in 2006.
• Piraeus Bank SA, a medium size Greek bank, on the update and amount increase of its €6bn EMTN Programme in 2006.
• ABN AMRO on the stand-alone €50m Eurobond issue of subordinated Notes by Aspis Bank.
• Emporiki Bank SA, a medium-sized Greek Bank, on the increase of its EMTN Programme to €9.2bn in 2010.
• Egnatia Bank on its stand-alone €50m Eurobond issue of subordinated Notes and on its stand-alone €200m Eurobond issue of Senior FR Notes.
 
Main Page  |  About Us  |  News  |  Lawyers  |  Practices  |  Careers  |  Search  |  Contact  |  Terms of Use
Copyright Koutalidis | Law firm. All rights reserved
 
Made by Freshdesign