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Our firm has advised a consortium of four Greek banks in the debt restructuring of a leading yarn producer company, listed in the ASE, including the negotiation, signing and subscription of three bond loans of a total nominal amount of €10mn. and the perfection of various securities.

We successfully represented a leading Greek betting and gaming company before the Administrative Supreme Court (Council of State – “CoS”) at a model (“pilot”) tax trial, on which a landmark Decision under No. CoS 320/2020 was issued. The Court accepted our arguments and annulled the tax assessment acts.  In particular, it ruled that, for tax years 2011-2013 and as concerns the right of the Greek State to make a tax audit, article 82 (5) of Law 2238/1994 (former ITC) and the implementing Ministerial Decision (“MD”) Νο 1159/2011 provide for a valid settlement/closure of the relevant tax cases after a 18-month period, following the issuance of a “clear” tax certificate. Such a settlement is a valid tax regime in accordance with the Greek Constitution.

We successfully represented a high-net-worth individual before the Administrative Supreme Court (Council of State, major 7-member composition, CoS Decision No 2691/2019). The Court accepted our arguments concerning the implementation of the principle of retroactive application of the more lenient law in the domain of tax penalties.

Our firm has advised Piraeus Bank in the negotiation, signing and subscription of five bond loans of a total value of €140mn issued by TERNA ENERGY S.A., a corporation listed to the ASE, and four of its subsidiaries.

We successfully represented a high-net-worth individual before the Administrative Supreme Court (Decision No CoS 732/2019 - Council of State) at a model (pilot) tax trial concerning the statutory limitation period of the Greek State to impose taxes, and, in particular, the duration of the limitation period in the event of late tax return filing.