Best Structured Finance Lawyers in Nea Erythraia

1. About Structured Finance Law in Nea Erythraia, Greece

Structured finance in Nea Erythraia involves financing arrangements that pool assets and issue securities backed by those assets. In Greece, these activities are governed by national law complemented by EU securitisation rules. The legal framework covers the creation of Special Purpose Vehicles (SPVs), transfer of receivables, and disclosure and investor protections. Local practice is shaped by both domestic statutes and EU market regulations applied through Greek supervisory authorities.

Practically, most structuring in the area blends Greek law with EU securitisation standards to ensure regulatory compliance, risk management, and investor protection. A typical arrangement uses an SPV to hold a pool of assets and issue notes to investors, with mechanisms for cash flow distribution and credit enhancement. A qualified Structured Finance lawyer can align your transaction with Greek corporate, tax, and regulatory requirements.

Source: Bank of Greece overview of securitisation and SPVs in the Greek market. Bank of Greece

Source: Greek Government Portal on securitisation policy and related procedures. Greek Government Portal

2. Why You May Need a Lawyer

• Asset pool transfer and SPV setup for a local Greek portfolio. If a Nea Erythraia-based company plans to securitize a portfolio of receivables, a solicitor can draft the transfer agreement, ensure clean title to assets, and set up the SPV with appropriate corporate governance and local registered office requirements.

• Reviewing securitisation documentation for regulatory compliance. You will need legal counsel to review the prospectus, random sampling of asset-level data, and the trust or waterfall arrangements to verify rights of noteholders and protections for investors.

• Cross-border investor arrangements and disclosure requirements. If foreign investors participate, a lawyer can coordinate with Greek and EU disclosure rules, currency considerations, and cross-border tax implications.

• Tax and VAT considerations in structured finance transactions. An attorney can structure the securitisation so that VAT and stamp duties are optimized and compliance risks are minimized for Greek entities and SPVs.

• Regulatory reporting and ongoing compliance for credit institutions. Banks and other lenders engaging in securitisation must follow Bank of Greece supervisory expectations and reporting duties for securitisations and risk retention.

• Due diligence and risk assessment for asset portfolios. A legal professional will verify the enforceability of assigned receivables, any cross-default provisions, and potential gaps in enforceability across jurisdictions.

3. Local Laws Overview

• Law 3156/2003 - Securitisation of Claims and Establishment of Special Purpose Vehicles (SPVs). This foundational statute governs structuring, transfer of assets to SPVs, and the issuance of securities backed by those assets. It remains a reference point for formal securitisation transactions in Greece.
• Regulation (EU) 2017/2402 on securitisation (the Securitisation Regulation). This EU-wide framework applies directly in Greece and covers risk retention, due diligence, transparency, and investor protections for securitisations. It has been in effect since January 2019.
• EU and Greek supervisory guidelines for securitisation and SPVs. The Bank of Greece publishes supervisory guidance that shapes how Greek lenders structure securitisations, manage risk, and report to authorities. These guidelines complement Law 3156/2003 and EU regulation.

The Greek market also follows general corporate, tax, and securities law rules that affect structuring, reporting, and enforcement. When transactions involve cross-border elements or residency considerations, local counsel coordinates with regulators and, if needed, with European supervisory bodies. For current, official guidance, refer to Greek government and central bank resources.

Source: Bank of Greece supervisory materials on securitisation and SPVs. Bank of Greece

Source: Greek Government Portal and EU securitisation guidelines referenced by the Greek authorities. Greek Government Portal

4. Frequently Asked Questions

What is structured finance in Greece?

Structured finance is a method to finance large assets or portfolios by pooling receivables into securities. It involves an SPV, cash flow waterfalls, and credit enhancement. Legal counsel ensures compliance with Greek and EU rules throughout the process.

How do I start a securitisation in Nea Erythraia?

Begin with a clear asset pool, identify an SPV structure, and engage a qualified lawyer. The lawyer drafts transfer agreements, governance documents, and security disclosures and coordinates with regulators.

Do I need to be a Greek resident to securitize assets here?

Residency is not always mandatory, but regulatory and tax considerations often favor local incorporation of the SPV. A Greek solicitor can assess the best jurisdiction and structure for your case.

What costs should I expect for a typical securitisation?

Costs include legal fees, due diligence, regulator filing fees, and SPV setup expenses. Budget for ongoing reporting, trustee or administrator fees, and potential tax costs.

How long does a standard securitisation transaction take?

A straightforward SPV setup and transfer can take 4-8 weeks. A full securitisation with investor roadshow and closing can extend to 3-6 months, depending on asset type and approvals.

Do I need a lawyer to start a securitisation?

Yes. A structured finance lawyer ensures asset transfer validity, SPV compliance, disclosure adequacy, and regulatory alignment from the start to closing.

What is an SPV in simple terms?

An SPV is a separate legal entity created to own the securitised assets and issue notes to investors. Its structure isolates assets from the sponsor's balance sheet and provides risk management controls.

What's the difference between securitisation and asset sale?

Securitisation packages receivables into tradable securities; an asset sale transfers ownership of assets directly. Securitisation involves ongoing compliance, disclosures, and investor noteholders.

Is securitisation regulated only by Greek law or also EU rules?

Both. Greek law governs implementation and enforcement, while EU securitisation regulation sets harmonised rules on risk retention, due diligence, and transparency.

How is tax treatment handled for securitisation in Greece?

Tax outcomes depend on SPV structure, residency, and the nature of the assets. A Greek tax advisor and legal counsel should tailor the structure to minimize taxes while preserving compliance.

Can a private individual participate in securitisation notes?

Generally securitisation notes are offered to institutional and professional investors. Private individuals can invest in securitisation notes only if the offering targets retail investors and complies with applicable rules.

Should I hire a local Nea Erythraia solicitor or travel to Athens for negotiations?

Local counsel in Nea Erythraia or greater Athens is advisable for proximity to counterparties, courts, and regulators. A local lawyer can streamline documents and communications.

5. Additional Resources

• Bank of Greece - Central bank and supervisor for securitisation and SPV activities in Greece. Bank of Greece
• Greek Government Portal - Official guidance on laws, procedures, and regulatory queries related to securitisation and financial markets. Greek Government Portal
• Hellenic Capital Market Commission - Regulator for capital markets, including securitisation activity and disclosure requirements. Hellenic Capital Market Commission

6. Next Steps

1. Clarify your objective and asset type. List all receivables, collateral, and key variables such as currency, jurisdiction, and expected note structure. This will guide your structured finance strategy.

2. Identify a local Structured Finance solicitor in Nea Erythraia or Athens with hands-on experience in Greek securitisation. Request a case study or client references.

3. Request an initial consultation and share your asset list, proposed SPV structure, and any existing agreements. Prepare questions about timelines, costs, and regulatory steps.

4. Obtain a detailed engagement letter and fee estimate. Confirm scope, milestones, and assumed regulatory approvals. Include a plan for due diligence and document review.

5. Proceed with due diligence and document preparation. The lawyer will review asset quality, enforceability, and transfer mechanics, and draft SPV governance documents.

6. Submit required filings and coordinate with regulators if necessary. Ensure compliance with EU securitisation rules and Greek supervisory expectations.

7. Close the transaction and establish ongoing governance, reporting, and investor communications. Schedule periodic reviews of compliance and potential amendments.