Best Project Finance Lawyers in Greece

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Founded in 2007
14 people in their team
English
Banking & Finance Project Finance Investment +10 more
Konstantinos Darivas & Associates | Trusted Law Firm in Athens, GreeceKonstantinos Darivas & Associates is a dynamic Athens-based law firm delivering high-level legal services across a wide spectrum of practice areas. With decades of experience and a proven reputation in both Greek and...
SPANOS - FOUSKARINIS AND ASSOCIATES LAW FIRM
Athens, Greece

Founded in 2016
15 people in their team
Greek
English
Chinese
Banking & Finance Project Finance Financial Services Regulation +10 more
Top Greek Law Firm | Golden Visa, Real Estate & Business Law ExpertsSF Legal Law Firm - Your Trusted Legal Partner in GreeceEstablished in 2016, SF Legal Law Firm (Spanos - Fouskarinis Legal Law) has built a solid reputation as a premier legal firm specializing in Golden Visa applications, real...
Sarantitis Law Firm
Athens, Greece

Founded in 1965
50 people in their team
Greek
Serving clients internationally from offices situated in Athens, Piraeus and Thessaloniki, Sarantitis Law Firm is one of the leading firms in Greece. Sarantitis Law Firm experienced demand for a wide range of services, creating today a firm that represents some of the best known corporate groups,...

Founded in 2000
50 people in their team
Greek
English
Konstantinos M. KoutsogeorgosLawyerMBA Business AdministrationMy purpose is to demonstrate in every legal way the right of my principal and to strengthen his position, without of course omitting where possible the attempt to settle the dispute by compromise.I aim at the true and substantial...
Athens, Greece

Founded in 1987
English
Kefalonia Lawyer, officially known as Zapantis Law Office, has been a cornerstone of legal excellence in Kefalonia since its establishment in 1987 by Konstantinos Zapantis. The firm offers specialized and responsible legal services across various domains, including civil, criminal, real estate, and...
Oganov & Partners Law Firm
Glyfada, Greece

English
Oganov & Partners Law Firm, based in Greece, offers a comprehensive suite of legal services tailored to meet the diverse needs of its clientele. The firm's areas of expertise encompass immigration law, real estate law, criminal law, maritime law, banking and finance law, commercial activities,...

Founded in 2020
English
Ηλιόπουλος Ίων Ανδρόνικος & Συνεργάτες, established in 2020 in Thessaloniki, Greece, offers comprehensive legal services across the nation. The firm specializes in civil, criminal, commercial, and public law, providing expert guidance to both individuals and...

English
Χρύσα Τριανταφύλλου Law Firm, based in Greece, offers comprehensive legal services across various practice areas. The firm is committed to delivering tailored solutions that address the unique needs of each client, ensuring effective and efficient legal representation. The firm's...
Tsiricos Boutique Law Office | Athens, Greece

Tsiricos Boutique Law Office | Athens, Greece

30 minutes Free Consultation
Athens, Greece

Founded in 1950
4 people in their team
English
Greek
Comprehensive Legal Services | Real Estate, Golden Visa & Company Law expert Lawyers since 1950. We provide full-spectrum legal services to international clients investing in Greece via power of attorney. Operating countrywide and serving as your legal ambassador to Greece...

Founded in 1999
50 people in their team
Greek
English
Company Profile & LawyersNo one today may contest the accumulation of law material is to such an extent that the complete knowledge of that material is impossible to be acquired by only one person. Indeed, the historical evolution of human society and the challenges for juridical regulations it...
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About Project Finance Law in Greece

Project Finance in Greece refers to the legal and financial structuring of major projects, typically involving the development of infrastructure such as roads, energy facilities, telecommunications, and public services. Under this model, debt and equity used to finance the project are paid back from the cash flow generated by the project itself, rather than the general assets or creditworthiness of the project sponsors. Greece, as a member of the European Union, aligns its regulatory framework with EU norms, making project finance an attractive method for both domestic and international investors. The Greek government actively encourages investments through various public-private partnerships, making understanding Project Finance Law essential for participants.

Why You May Need a Lawyer

Engaging a lawyer experienced in Project Finance is vital due to the complexity and value of these transactions. Common situations where legal help is needed include:

  • Structuring joint ventures and consortia for large-scale projects.
  • Negotiating and drafting project contracts, such as loan agreements, construction contracts, and concession agreements.
  • Navigating regulatory requirements and securing necessary permits from government authorities.
  • Assessing project risks, including environmental, operational, and financial risks.
  • Managing disputes or claims that arise during the development or operational phase of the project.
  • Ensuring compliance with both Greek laws and EU regulations affecting infrastructure and energy projects.
Due to these complexities, legal advice safeguards your interests and maximizes the chances of project success.

Local Laws Overview

Key aspects of Greek local laws relevant to Project Finance include:

  • Public-Private Partnerships (PPP) Legislation: Greek Law 3389/2005 governs PPP projects, outlining how private entities can collaborate with public authorities for project development and operation.
  • Concessions Law: Law 4413/2016 regulates concession contracts, which are essential in infrastructure financing.
  • Securities and Collateral: Greek Civil Code and special legislation govern security interests, vital for securing lenders’ rights in project assets.
  • Permitting Environment: Projects, especially in energy or construction, require numerous permits and approvals under national and EU frameworks.
  • Environmental Laws: Projects must comply with Law 4014/2011 regarding environmental permitting, as well as additional EU environmental directives.
  • Bankruptcy and Insolvency: The new Greek Insolvency Code (Law 4738/2020) can impact lenders’ rights and project continuity in case of default or restructuring.
  • Currency, Tax, and Bank Regulation: Foreign investments and transactions are subject to controls under Bank of Greece rules and relevant tax legislation.
Greece’s legislative framework aims to promote transparency, secure investment, and align with international Project Finance practices.

Frequently Asked Questions

What is Project Finance and how does it work in Greece?

Project Finance is a funding structure where repayment depends on the cash flow generated by the project, not the general assets of the sponsors. In Greece, this approach supports large infrastructure, energy, and development initiatives involving both private and public stakeholders.

Who are the typical participants in Greek Project Finance deals?

Common participants include sponsors (usually private companies or consortia), lenders (often banks or financial institutions), the Greek state or local governments, contractors, and suppliers.

What are public-private partnerships (PPPs) in Greece?

PPPs are collaborations between government bodies and private entities to design, finance, build, and operate major infrastructure or public service projects. Greek PPPs are subject to specific legislation ensuring risk-sharing and clear contractual frameworks.

What types of projects are commonly financed in this way in Greece?

Examples include motorways, renewable energy plants, hospitals, waste management facilities, schools, and port developments.

How are risks managed in Greek Project Finance structures?

Risks are allocated among parties by using detailed contracts covering construction, operation, finance, and maintenance. Insurance and security arrangements are commonly put in place to reduce financial exposure.

Do foreign investors face special requirements in Greek Project Finance?

Foreign investors are welcomed and face similar requirements as domestic participants. However, they may need specific approvals or need to meet certain criteria, particularly for defense or critical infrastructure projects.

What security can lenders take in a Project Finance transaction?

Lenders can secure their interests by taking pledges over project assets, shares, accounts, and concession rights, as provided for by relevant Greek law.

What regulatory approvals are typically required?

Approvals can include environmental permits, building licenses, energy operation permits, and other sector-specific authorizations, depending on the project type.

Is there government support or incentives for project finance in Greece?

The Greek government offers incentives such as state guarantees, co-financing, and favorable tax treatment for priority projects, especially those aligned with EU funding programs.

How can I resolve disputes arising from a project finance deal?

Most contracts stipulate out-of-court dispute resolution, such as arbitration or mediation. Greek courts are also available for litigation, and international arbitration is increasingly chosen for complex or cross-border projects.

Additional Resources

For more information and guidance, the following resources and organizations may help:

  • Ministry of Development and Investments - oversees investment policies and PPP projects.
  • Public-Private Partnership Secretariat - supports the development and management of PPPs.
  • Regulatory Authority for Energy - regulates energy sector projects.
  • Bank of Greece - provides guidance on financial regulations affecting project finance structures.
  • Chamber of Commerce and Industry - offers advice for businesses entering the Greek market.
  • Major Greek law firms and consultancies specializing in Project Finance.

Next Steps

If you are considering involvement in a Project Finance transaction in Greece, it is important to take the following steps:

  • Carefully define your project objectives and gather all relevant project details and financial information.
  • Contact a Greek lawyer with proven experience in Project Finance law to assess your needs and the potential legal complexities.
  • Arrange a consultation to discuss regulatory requirements, contractual structures, and risk management strategies suited to your project.
  • Collaborate with your lawyer to review and negotiate all key contracts and to liaise with relevant authorities for permits and approvals.
  • Continue to seek legal advice as your project progresses to ensure compliance and address any issues that arise.
Taking early and informed legal steps helps safeguard your interests and contributes to the smooth development and operation of your project in Greece.

Lawzana helps you find the best lawyers and law firms in Greece through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Project Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Greece - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.