We completed one of the first asset-backed financing transactions in the Greek market applying an innovative hybrid structure combining derivatives with a sophisticated servicing arrangement and irrevocable powers of attorney.
Papanikolopoulou & Partners Law advised Piraeus Bank S.A. and Resolute Asset Management on the transfer of control of a portfolio of residential and commercial real estate owned by the bank through this bespoke structure, marking the first use of such an approach for this asset class in Greece requiring a tailored legal and structuring approach.
The firm advised Piraeus Bank and Resolute Asset Management throughout the transaction, with the deal team comprising Christina Papanikolopoulou (Managing Partner), Athina Palli (Partner), Mary Nigritinou (Partner) and Vicky Palouki (Junior Associate). Kyriaki (Kitty) Fragalexi (Of Counsel), supported by Thomais Telliou (Junior Associate), advised on the regulatory and corporate aspects.