Antis Triantafyllides & Sons LLC advises Hellenic Bank in taking over the operational control of APS Debt Servicing Cyprus Ltd
Our firm acted as local legal advisor of Hellenic Bank Public Company Ltd (“Hellenic Bank”) in relation to the taking over of the operational control in APS Debt Servicing Cyprus Ltd (i.e. the joint venture that was established with the APS Holding group in 2017 for the management of the real estate assets and the servicing of a portfolio of non-performing exposures of Hellenic Bank).
APS Debt Servicing Cyprus Ltd has been providing non-performing loans servicing services to Hellenic Bank since 2017 and currently services a portfolio of non-performing loan assets and real estate assets of approximately €2.6 billion.
Our firm attended to all Cypriot law banking, corporate and regulatory matters in connection with the transaction, along with Clifford Chance as international legal advisors and Alantra as financial advisor.