lm logo 03
Your Trusted Source for Legal Insight
Lawyer Monthly: Your Trusted Guide Through Complex Legal Challenges
Legal News

Marina of Alimos' Concession Grant

Reading Time:
< 1
 minutes
Posted: 30th June 2020
Lawyer Monthly
Last updated 14th September 2021
Share this article

The concession, which is good for 40 years, was granted by the Hellenic Asset Development Fund. Your Legal Partners acted as Greek law counsels to Hellenic Republic Asset Development Fund; Dracopoulos & Vassalakis acted as co-counsel to HRADF.

Alimos Marina located South West of Athens is one of the largest marinas in Greece with 1000 permanent positions. “Our involvement included legal support during the tender process, drafting and negation of Concession Agreement and State Direct Agreement, legal support to HRADF in relation to financing documents, monitoring of the closing and Concession commencement”, explained Katerina Christodoulou, Partner who alongside Prokopis Linardos, co-led the deal project.

Speaking to Lawyer Monthly on the deal, they said: “The project was challenging since many long-lasting legal impediments related to the use of marina had to be lifted in view of the privatisation.”

Aktor Concessions will put forward a total of EUR 57.5 million euros, with the value of the agreement coming to a total consideration of at least EUR 177 million, including an annual concession fee and a share of revenues as a percentage of the marina’s annual turnover.

 

generic banners explore the internet 1500x300

JUST FOR YOU

9 (1)
Sign up to our newsletter for the latest Deals Updates
Subscribe to Lawyer Monthly Magazine Today to receive all of the latest news from the world of Law.
tw centro retargeting 0517 300x250
Connect with LM

About Lawyer Monthly

Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.

Magazine & Awards

cover scaledlmadr24 outnowmpu