Antis Triantafyllides & Sons advises Hellenic Bank on establishing debt recovery servicing JV
Our firm acted as local legal advisor of Hellenic Bank Public Company Ltd on the establishment of a joint venture with the APS Holding Group for the management of the real estate assets and the servicing of a portfolio of non-performing exposures of Hellenic Bank.
The transaction will result in the creation of the first debt servicing platform in Cyprus.
The completion of the transaction is subject to applicable approvals and clearances from the relevant regulatory and other authorities.
Our firm attended to all Cyprus law banking, corporate and regulatory matters in connection with the transaction, along with Clifford Chance as international legal advisors and Alantra as financial advisor.