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Europe Guide
Firm Profile

Bernitsas Law

Firm Profile


  • Profile
  • 5, Lykavittou Street
  • Athens
  • Athens
  • Greece
  • GR-106 72

Firm profile submitted by Bernitsas Law

Managing Partner: Panayotis Bernitsas
Number of partners: 12
Number of lawyers: 38
Languages: English, French, German, Greek, Italian, Spanish

Bernitsas Law is a market leader in the provision of commercial law services in Greece and one of the largest firms in the country. The firm counts industry frontrunners, listed and private companies, supranational, global and national entities and corporations, as well as small and medium sized enterprises from all the major industry sectors among its clients.

Banking & Finance:
5 partners, 6 associates
Hellenic Petroleum Finance Notes Issue: Athanasia Tsene and team advised Hellenic Petroleum (HP) and Hellenic Petroleum Finance Plc (HPF) on the offering of €74.5m principal amount of new notes issued by HPF and guaranteed by HP to institutional investors, including the Black Sea Trade and Development Bank and the European Bank for Reconstruction and Development, through a private placement
Successful Placement of 20% Stake in Grivalia Properties REIC: Nikos Papachristopoulos and team advised Eurobank Ergasias on the successful c.€180m placement of its 20% stake in Grivalia Properties REIC through an accelerated bookbuilding process to international and domestic institutional investors, including to Fairfax’s subsidiaries and funds whose investment manager is PIMCO
ICGB Pipeline Project Financing: Yannis Kourniotis, Yannis Seiradakis and team are advising ICGB AD on the development of the Gas Interconnector Greece-Bulgaria which will provide a direct link between the national natural gas systems of the two countries
Key Clients: Alpha Bank, Bank of America Merrill Lynch, Barclays Bank, BNP Paribas, Citigroup, Credit Agricole, Credit Suisse, Deutsche Bank, Eurobank Ergasias, Hellenic Petroleum, Hellenic Financial Stability Fund, HSBC Bank, Morgan Stanley, National Bank of Greece, N.M. Rothschilds, Societe Generale, Värde Partners

2 partners, 1 counsel, 3 associates
Competition Aspects of National Train Operating Company (TRAINOSE) and Rolling Stock Maintenance Company (ROSCO) Privatisation Tenders: Augustine Almyroudi and team are advising the Hellenic Republic Asset Development Fund (HRADF) on competition aspects of the privatisations of TRAINOSE, through the sale of 100% of its share capital to Ferrovie Dello Stato Italiane and ROSCO
Key Clients: Bristol Myers Squibb, BMW Hellas, Diesel Hellas, Eurobank Ergasias, Hellenic Fuels, Hellenic Petroleum, Hellenic Republic Asset Development Fund

6 partners, 13 associates
National Bank of Greece Sale of Stake in Ethniki Hellenic General Insurance: Nikos Papachristopoulos, Lambros Belessis and team advised the National Bank of Greece in connection with their sale of a controlling stake in its subsidiary, Ethniki Hellenic General Insurance SA, to EXIN Financial Services Holding BV
Astir Palace Vouliagmeni Resort Acquisition: Nikos Papachristopoulos and team advised Jermyn Street Real Estate Fund IV LP, in its capacity as the leading member of the consortium being the successful bidder in the international tender of the Hellenic Republic Asset Development Fund (HRADF) and the National Bank of Greece for the privatisation and re-development of the Astir Palace Vouliagmeni resort
Cyprus Popular Bank Sale of Participation in Banks: Yannis Seiradakis and team are advising Cyprus Popular Bank Public Co LTD in the sale of its participations in banking institutions in South East Europe as part of its divestment strategy. Key Clients: Apivita, AGC Equity Partners, Cyprus Popular Bank, Hewlett Packard, Swatch Group Greece

Dispute Resolution:
5 partners, 6 associates
Cana Pharmaceuticals Clawbacks Appeal: Dimitris Roussis and team act on behalf of Cana in their appeal before the Council of State of the decision requiring them to pay claw backs to Greek hospitals in relation to hospital supplies
Techtronic Industries Dispute: Christos Paraskevopoulos and team represent Techtronic in a dispute with a former business partner arising out of the allegedly groundless termination by our client of a pre-existing tacit distributorship agreement
Key Clients: Clerigues, ITA Hellas, Orion Pharma, Viomes, Wind Telecommunications

1 counsel, 2 associates
Pharmaceutical Sector Reorganisation: Katia Papantonopoulou and team are advising a leading pharmaceuticals company on the labour law issues involved in the restructuring of its activities, including terminations of employment
Key Clients: BMW Hellas, Bristol Myers Squibb, General Motors, Konica Minolta, International Medical Corps, Unilever

2 partners, 5 associates
International Licensing Round for the Exploration and Exploitation of Hydrocarbons – Offshore: Yannis Kourniotis and team are advising Hellenic Petroleum, acting either alone or as a member of a consortium with other international oil majors, in its participation in the tender process with respect to certain Offshore Blocks of Western Greece and the South of Crete
Key Clients: Archirodon Group, Bilfinger, Elia Group, Envitec, European Investment Bank, European Bank for Reconstruction and Development, ExxonMobil

Real Estate:
1 partner, 3 associates
Värde Partners Successful Bid for Trastor REIC: Nikos Vouhiounis and team advised Varde in their successful bid in the international tender launched by Piraeus Bank for the disposal of Trastor REIC
Key Clients: Blueland Real Estate, a T. Aggelopoulos Group Company, Florac, The Hellenic Republic Asset Development Fund, Varde Partners Europe

6 partners, 4 associates
Swatch Group Merger by Absorption: Lambros Belessis, Evi Kitsou and team advised The Swatch Group in the merger by absorption of its local subsidiaries, namely ALKΙONI Société Anonyme for the Import and Marketing of Watches, Telecommunication and Electronic Material, by The Swatch Group (Greece) Import and Trade of Watches Société Anonyme
Bond Loan Restructurings: Athanasia Tsene and team advised Eurobank Ergasias on two restructurings and the extensions of two bond loans in the aggregate amount of c.€75.3m
Key Clients: Commerzbank, Cyprus Popular Bank, Hellenic Petroleum, Hewlett Packard Company

1 partner, 2 associates
Tax Treatment of Employment and Benefits: Panayotis Bernitsas, Fotodotis Malamas and team advised a global packaging company on the employment tax treatment and corporate tax deductibility of benefits granted to its officers and factory employees to support the operational needs of the business in the context of the implementation of the new income tax law
Taxing of Banking Services in Context of Wealth and Estate Planning: Panayotis Bernitsas, Fotodotis Malamas and team are advising a leading international banking institution in relation to the taxation of banking services and products in Greece, the tax implications for Greek and non-Greek tax residents and the tax structuring of the entity through which the services and products will be offered

1 counsel, 3 associates
Advice to Acun Media Group: The firm advises Acun Media Turkey and Acun Media Greece in relation to the drafting, negotiating and execution of TV Production Agreements with TV stations in Greece and all related agreements.
Key Clients: Acun Media Group, BMW Hellas