Europe - Greece

Karatzas & Partners

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‘Combining legal knowledge with financial insights and deep comprehension of the banking sector’, Karatzas & Partners excels in providing ’innovative financial solutions’ to creditors and debtors across a broad swathe of financing transactions, running the gamut from project and energy finance and corporate finance matters, through to capital markets mandates and highly structured deals. Stretching back to the firm’s pioneering work for the Greek government in relation to its debt exchange programme, a good deal of this work relates to innovative “first-of-its-kind” mandates, with more recent examples including work for the systemic Greek banks in relation to de-risking their exposure to NPLs through complex transactions on the secondary market. Another strength is the firm’s collaborative approach to work in the space, often drawing upon experts from other core practice areas, as well as its early adoption of sophisticated legal technologies, including the use of AI in due diligence. Praised for her ‘professionalism and in-depth knowledge of finance’ gleaned through her work in private practice as well as through her previous prestigious role as a consultant to the European Investment Bank (EIB), Christina Faitakis is pivotal to much of the team's high-profile work in the space, including on large securitisations and bond loans, as well as a considerable volume of real estate and energy project finance transactions. The ’business-oriented’ Nikos Fragos  also excels in ‘providing solutions to complex legal issues’, encompassing debt capital markets work, NPL mandates and special situations financing. Alexandra Kondyli stands out for advising on capital markets mandates, including conventional bond and green bond issuances. Managing partner Catherine Karatzas heads the team, which also recently welcomed the vastly experienced Dionysis Flambouras, who joined the firm from Bernitsas Law in September 2023.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The team's multi-disciplinary expertise, combining legal knowledge with financial insights and deep comprehension of the banking sector, allows them to offer innovative financial solutions.'
  • 'It is a very experienced team of practitioners that is professional, responsive and business oriented.'
  • 'The team distinguishes itself with its innovative strategies, offering clear pricing structures that align with clients' needs. They’re always ahead of their time and they have adopted advanced technology very early compared to their competitors, as they use AI in due diligence.'
  • 'Christina Faitakis’ professionalism and in-depth knowledge of finance has been invaluable in navigating complex transactions.'
  • 'Nikos Fragos is always responsive and ready to provide solutions to complex legal issues. He is business oriented and able to successfully handle complicated and lengthy negotiations.'
  • 'The team stands out for its professionalism, interest in the client, availability, holistic approach to the matter, and ability to monitor and adjust to developments.'
  • 'The team have excellent skills in every different sector we require. They can handle negotiations with opposing parties perfectly and they have excellent skills in securitisations. Christina Faitaki and her team have managed to tackle any matter we have assigned to them, no matter how time-sensitive it was.'
  • 'Deep knowledge, long experience and a high level of ability.'

Key clients

  • National Bank of Greece S.A.
  • Goldman Sachs International
  • Bespoke SGA
  • Piraeus Bank S.A.
  • UniCredit Bank AG
  • Deutsche Bank AG
  • DoValue SpA
  • Dromeus Capital Partners
  • Eurobank Ergasias Services and Holdings S.A.
  • Pharmathen Group
  • Athens International Airport
  • Lamda Development
  • Sazka Group
  • Autohellas S.A.
  • The European Bank for Reconstruction and Development
  • B2Holding
  • Alpha Bank S.A.
  • Eurobank S.A.
  • Lamda Prime Properties S.A.
  • Lamda Olympia Village S.M.S.A.
  • Viohalco S.A.
  • European Investment Bank

Work highlights

  • Advising National Bank of Greece on an auction process for the securitisation of receivables of non-performing mortgages and loans granted to large corporations and SMEs, valued at approx. €1bn.
  • Advised Lamda Development on the financing of the acquisition of the company holding in respect to Project Hellinikon, one of the largest projects currently being developed in the Greek market.
  • Advised HELLENiQ ENERGY on a ground-breaking transaction for the financing of renewable energy investments.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Next Generation Partners

Practice head

The lawyer(s) leading their teams.

Catherine Karatzas

Other key lawyers

Christina Faitakis, Nikos Fragos, Dionysis Flambouras, Alexandra Kondyli, Katerina Dalamara, Eleana Rouga, Maria Chronaki