At Bernitsas Law, our Project Finance practice offers sophisticated legal services grounded in Greek and EU regulations, international financial frameworks, and industry-specific standards. We provide strategic counsel to financial institutions, sponsors, and project developers, ensuring the seamless execution of complex project finance transactions across sectors. With expertise in Greek Law 4548/2018 on Sociétés Anonymes, the Public-Private Partnerships Law 3389/2005, and EU directives such as the Capital Requirements Directive IV (CRD IV), we deliver tailored legal solutions that address the multifaceted challenges of project financing.
Our Services Include:
- Drafting and Negotiating Agreements: Drafting and negotiating key project finance documents, including loan agreements, facility agreements, and intercreditor agreements, in compliance with Greek Law 3156/2003 on bond loans. Advising on Engineering, Procurement, and Construction (EPC) contracts, Operation and Maintenance (O&M) agreements, and Power Purchase Agreements (PPAs) to mitigate risks.
- Public-Private Partnerships (PPPs): Structuring PPP agreements under Greek Law 3389/2005 and ensuring compliance with EU procurement directives, such as Directive 2014/24/EU. Advising on concession agreements for large-scale infrastructure, energy, and public utility projects, including toll roads, ports, and airports.
- Regulatory Compliance and Licensing: Assisting with obtaining regulatory approvals and licenses from Greek authorities, including the Regulatory Authority for Energy (RAE) and the Ministry of Infrastructure and Transport. Ensuring compliance with environmental regulations under Law 1650/1986 on environmental protection and EU directives, such as the Environmental Impact Assessment Directive (2014/52/EU).
- Syndicated Loans and Bond Financing: Advising on syndicated loan arrangements in compliance with Greek financial laws and international lending standards, including the Loan Market Association (LMA) guidelines. Structuring project bond financing under Greek Law 3156/2003 and ensuring compliance with the European Prospectus Regulation (EU) 2017/1129.
- Risk Management and Security Packages: Advising on the creation and perfection of security interests, including mortgages, pledges, and floating charges, in compliance with Greek Civil Code provisions and EU collateral frameworks. Structuring escrow arrangements and step-in rights for lenders to safeguard investments and mitigate default risks.
- Renewable Energy and Sustainable Finance: Assisting with financing renewable energy projects, including wind farms, solar plants, and hydroelectric facilities, under Greek Law 4414/2016 on renewable energy sources and the EU Renewable Energy Directive (2018/2001/EU). Advising on compliance with the EU Green Bond Standards and the Taxonomy Regulation (EU) 2020/852 for sustainable finance.
- Cross-Border Transactions: Structuring cross-border project finance transactions under the Rome I Regulation (593/2008) and coordinating with foreign counsel to address jurisdiction-specific challenges. Ensuring compliance with the European Investment Bank (EIB) and International Finance Corporation (IFC) financing standards for international projects.
- Representation Before Regulatory Authorities and Tribunals: Our team represents clients before Greek regulatory bodies, including the Bank of Greece, the Regulatory Authority for Energy (RAE), and the Hellenic Competition Commission (HCC). We also assist in resolving disputes arising from project finance transactions through litigation and international arbitration.
Distinguished Expertise
Our Project Finance practice is characterized by in-depth knowledge of Greek and EU financial regulations, coupled with extensive experience in structuring, negotiating, and executing large-scale transactions. From regulatory compliance to risk mitigation, we deliver results-driven solutions that enable clients to successfully finance and implement projects. By combining technical precision with strategic insight, we help clients navigate the complexities of project finance law with confidence and success.