Best Project Finance Lawyers in Peristeri

1. About Project Finance Law in Peristeri, Greece

Project finance in Peristeri, Greece generally involves creating a separate special purpose vehicle (SPV) to develop, own and operate a large infrastructure or services project. The lenders primarily look to the project’s cash flows, rather than the parent company’s assets, to secure repayment. This structure is common for municipal projects, energy facilities, and concessions in and around the Athens metropolitan area, including Peristeri.

In Greece, public procurement rules, concession regimes and PPP frameworks govern how these projects are procured and financed. The aim is to balance value for money, transparency and risk allocation between the public sector and private sponsors. SPVs, EPC contracts, offtake arrangements, and security packages are central to project finance transactions here.

Public-private partnerships in Greece are regulated to ensure transparency and value for money, with concessions awarded through open tender processes.

Source references: gov.gr - official government portal; TAIPED - Hellenic Republic Asset Development Fund, which oversees major PPPs and concessions.

For residents of Peristeri, the practical upshot is that project finance matters often involve municipal procurement processes, zoning and permitting at the local level, and cross-border financing considerations when lenders or bidders are foreign-based. A Greek solicitor or attorney with local knowledge can help navigate SPV formation, contract drafting and regulatory compliance essential to closing a project financing deal.

2. Why You May Need a Lawyer

Engaging a solicitor or attorney with local Peristeri experience can reduce risk and save time in several concrete scenarios. Consider these common, real-world examples in the Peristeri context.

• Peristeri municipality plans a PPP for a new community center. You need help drafting the concession agreement, tender documentation and performance guarantees to align with Greek law and EU procurement rules.
• A private sponsor wants to build a solar park near Athens, financed through project finance. You require SPV setup, EPC and O&M contracts, and a robust offtake and credit support package.
• During a bid process you face a challenge to a tender decision. You need a lawyer to prepare bid protests, evaluate procurement criteria and protect appeal rights under Greek rules.
• Lenders seek to secure a loan to fund a Peristeri concession project. You require counsel to draft security agreements, intercreditor arrangements and debt service reserve mechanisms.
• Regulatory changes or contract amendments occur mid-way. You need advice on change of law risk, force majeure, renegotiation clauses and regulatory compliance in Greece.
• Property, zoning or environmental approvals impact a project schedule. You need a solicitor to coordinate with local authorities and ensure compliant permitting pathways.

3. Local Laws Overview

This section highlights 2-3 key laws and regulations that shape Project Finance in Peristeri, with their effective dates and how they apply locally.

• Law 3389/2005 on Public-Private Partnerships and Concessions. This foundational statute established the framework for PPPs and concessions in Greece, including how projects are procured, the roles of public authorities and concessionaires, and the use of private finance for public projects. Effective since 2005, the law has been amended to reflect EU procurement directives and evolving best practices in infrastructure delivery.
• Law 4412/2016 on Public-Private Partnerships and Concessions. This law consolidates and updates the PPP and concession regime to align with EU directives, including open tender processes and contract models used in project finance. It has been in force since 2016, with subsequent ministerial amendments to address evolving procurement and finance structures.
• Directive framework transposed into Greek law - Directive 2014/24/EU on public procurement and Directive 2014/23/EU on concessions, implemented through Greek legislation such as Law 4412/2016. These EU directives shape how bids are run, how concessions are awarded and how disputes are resolved in project finance transactions that involve public sector partners in Greece, including Peristeri.

Notes for Peristeri residents and practitioners: local projects often involve municipal council approvals, district planning and permitting at the Attica level, and cross-border financing when international lenders participate. Official decisions related to procurement and concession awards can be found on the government portals such as gov.gr and the official transparency portal diavgeia.gov.gr.

Public procurement and concession rules in Greece are designed to ensure transparency, value for money and fair competition in PPPs and project finance deals.

Sources: gov.gr, diavgeia.gov.gr, TAIPED.

4. Frequently Asked Questions

These questions cover procedural, definitional, cost-related and timeline concerns in a Peristeri project finance context.

What is project finance in simple terms?

Project finance is a way to fund a large project using the project’s own cash flow as the primary source of repayment. The borrower is typically an SPV created for the project, not a parent company.

How do I start a project finance deal in Peristeri?

Begin with a feasibility study, define the SPV structure, assemble a lenders' due diligence package, and engage a Greek solicitor to navigate procurement and contract law.

Do I need a lawyer for a PPP in Peristeri?

Yes. A local solicitor can help draft, negotiate and review concession agreements, tender documents and security packages to meet Greek requirements.

What is an SPV and why is it used here?

An SPV is a separate entity created to own and operate a project. Lenders rely on its cash flow and asset structure, isolating risk from the sponsor.

How long does a Peristeri PPP bid process typically take?

From feasibility to award, a municipal PPP in Greece can take 9-18 months, depending on project complexity and tender competition.

What costs should I expect when hiring a lawyer for project finance?

Lawyer fees vary by project scope. Expect upfront due diligence, contract negotiation, and completion support charges. Ask for a written fee schedule.

Can a non-resident investor participate in Peristeri projects?

Yes. Foreign sponsors often participate via local partners or SPVs. You will need Greek counsel to handle local contracts and regulatory compliance.

What is the difference between a loan and a project finance loan?

In project finance, debt service is primarily supported by project cash flows. Corporate loans rely more on the overall credit of the borrower.

What happens if the legal framework changes mid-project?

Change of law risks are addressed through contract provisions and force majeure clauses. Counsel negotiates risk allocation and remedies.

How does the permit and zoning process affect timing?

Permits and zoning decisions can create delays. A local solicitor coordinates with Peristeri and Attica authorities to streamline approvals.

What are common security structures in Greek project finance?

Common tools include pledge over SPV assets, assignment of contracts, project accounts, and parent company guarantees where permitted.

Is there a preferred subcontracting framework for Peristeri projects?

Typically, EPC, O&M and supply contracts are aligned with procurement rules under Law 4412/2016, with clear performance criteria and penalties.

5. Additional Resources

The following official resources provide authoritative guidance on public procurement, PPPs and project finance in Greece.

• Gov.gr - Official Greek government portal with policy, procurement and PPP-related information.
• Diavgeia - Official transparency portal publishing government decisions, including procurement awards and concession notices.
• TAIPED - Hellenic Republic Asset Development Fund, responsible for privatization and PPP concessions in Greece.

6. Next Steps

1. Define the project scope and preferred structure. Create a concise brief including timeline, budget and expected concessions or permits. Timeline: 1-2 weeks.
2. Identify a local Project Finance solicitor with Peristeri or Athens-area experience. Request a capabilities statement and execution plan for your project type. Timeline: 1 week.
3. Prepare a preliminary term sheet and tender strategy. Your lawyer will outline key terms, risk allocations and contract milestones. Timeline: 1-2 weeks.
4. Engage in a formal selection process for the law firm or legal team. Compare proposals, fees, and turnaround times for due diligence and contract negotiation. Timeline: 2-4 weeks.
5. Begin due diligence and assemble the project data room. Ensure compliance with Greek procurement rules and local permits. Timeline: 3-6 weeks.
6. Negotiate and draft the core documents (SPV agreement, EPC, O&M, offtake, guarantees, security). Finalize with the bid or concession award. Timeline: 6-12 weeks.