The Firm: This dedicated shipping practice boasts a “first-class group of people” whose work “always impresses.” Aside from the traditional areas of litigation and shipping finance, lawyers undertake an increasing proportion of corporate/M&A and general finance for industry clients. For example, the team advised Deutsche Schiffsbank on a syndicated loan of USD187 million to tanker and bulk carrier operator Capital Maritime.
The Lawyers: The firm’s reputation rests heavily on that of particularly impressive founding partner Gregory Timagenis. An acknowledged all-rounder, his workload has lately included “a miraculous performance” representing Blue Star Ferries in a bid for assets of collapsed ferry operator Dane. In the words of one admiring competitor, “the legal issues involved were hugely complicated, yet he managed to overcome them with ease.”
Clients/Work Highlights: The team was involved in the NYSE IPO of Diana Shipping and acts for a mixture of P&I clubs, owners and financiers, including Barclays Bank; EFG Eurobank; Elefsis Shipyards; Emporiki Bank; Fortis Bank; Hamburgische Landesbank; Hellenic Mutual War Risks Association; Hellenic Shipyards and Sasebo Heavy Industries.”
Chambers Europe – Greece / Shipping Leading Firms (p. 378)