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...
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...
Georgaki and Partners Law Firm
Thessaloniki, Greece

Founded in 2007
English
Georgaki and Partners Law Firm, with offices in Athens and Thessaloniki, has been a prominent presence in the Greek legal landscape for over 17 years. The firm specializes in foreign direct investments, investment migration, corporate law, banking and finance, tax planning, and litigation and...

Founded in 1926
50 people in their team
Greek
English
L+A is one of the oldest legal practices in Greece, established in the year 1926 by Kyriakos Sp. Arvanitis, the first elected President of Piraeus Bar and Founder of Piraeus Court of Appeal."All the same, if you change your mind about that lawyer, I’m told by our legal department that you should...

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...
Varnavas Law Firm
Athens, Greece

Founded in 1978
50 people in their team
Greek
English
Established in 1978, Varnavas Law Firm has extensive experience in providing independent and unbiased legal advice to international and domestic clients. Building on our expertise in real estate law, business law and investment immigration law, we provide custom solutions to corporate and private...
Athens, Greece

Founded in 2000
English
Established in 2000 through the merger of three well-established traditional law firms, KLC Law Firm has become one of Greece's most prominent full-service legal practices. The firm offers comprehensive legal services to corporations, individuals, public organizations, and governments, both...
Lawyers in Kefalonia
Athens, Greece

English
Lawyers in Kefalonia is a premier law firm located in Argostoli, Kefalonia, Greece, renowned for delivering exceptional legal services across various practice areas. The firm is led by Evangelos Moshopoulos, a highly qualified attorney with dual law degrees from Greece and the United Kingdom, and...

Founded in 2000
50 people in their team
Greek
English
ANDREAS THEOF. GEORGOPOULOSBorn in Patras in 1980. Graduate of the Faculty of Law at the National and Kapodistrian University of Athens. Post-Graduade Studies in Criminal Law and Criminal Procedure at the National and Kapodistrian University of Athens.He continued his studies at the...
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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.