On May 16, 2019, Milbank LLP hosted a special cocktail reception for its friends and clients in Greece at the Acropolis Museum in Athens. Amidst the unique surroundings of the Parthenon’s marbles and the imposing figure of the Acropolis, Milbank had the pleasure of bringing together over 150 clients and friends from the leading financial institutions, corporates, private equity and public investors and the leading law firms operating in Greece or interested in the country. A number of Milbank partners and other senior attorneys, across a number of practices in the London office, including leveraged finance and capital markets, structured finance, project finance, litigation, corporate law and private equity, also attended.
It was a relaxing and enjoyable evening and all of those attending had the opportunity to mix a pleasant evening with interesting conversation on a range of topics, including economic growth and prospects in Greece, investment in the country, the progress in the reform program, market activity broadly and the place of Greece in Europe and the rest of the world.
Apostolos Gkoutzinis, the head of Milbank’s European capital markets practice and one of the leading lawyers in relation to Greece, observed: “Greece is a dynamic and growing economy, gradually but surely emerging from years of recession, reconnecting with global financial markets and investment opportunities. The entire Milbank family is incredibly committed to Greece and the facilitation of investment into Greece in any form, whether public or private, debt or equity, infrastructure, energy or the financial sector. At any point in time, several Milbank teams are working on some of the most high-profile transactions in the country, which gives all of us immense professional pleasure and satisfaction.”
Suhrud Mehta, co-head of Milbank’s London office, added: “We are both humbled by the strong client following we have developed in Greece and also incredibly proud of our Greek practice, serving banks, major corporates and international investors on a broad range of complex and high profile transactions in the country; it is a key market for us and resonates incredibly well with the core strengths of our Firm.”
Milbank has been extremely active in Greece, including in relation to major infrastructure projects such as the recent financing of Athens airport, multiple high-yield bond offerings and a number of major transactions in distressed assets or non-performing loans in the financial sector, among others.