Last reviewed 17 October 2026 · Demetre E. Katsouris, Managing Partner
In a nutshell. Every funded project in Greece rests on legal documents: the bond loan or facility agreement, the security package, the corporate approvals, the grant or loan decision and the obligations that follow it. Katsouris Law Firm advises companies, developers and hotel owners on those documents — the issue of bond loans by a société anonyme, project finance for developments, Recovery and Resilience Facility loans, ESPA and Development Law aid, security, legal due diligence and refinancing. The firm gives legal advice only, not financial or investment advice.
What does the lawyer do in a financing?
The bank or the investor decides whether to lend and on what commercial terms; the accountant and the financial adviser model the project. The lawyer’s work is different and runs through the whole life of the funding:
- Structure. Choosing the borrowing vehicle — usually a société anonyme (AE), because only an AE may issue bonds — and the corporate approvals, shareholder arrangements and intra-group agreements the lenders will require.
- Documents. Negotiating the term sheet, the bond programme or facility agreement, the security documents, the subordination and direct agreements, and the conditions precedent.
- Security. Mortgages and prenotations over the land, pledges over shares, receivables, insurance and accounts, and their registration.
- Public funding. The legal conditions of RRF loans and of ESPA and Development Law aid: eligibility, state-aid rules, the decision of inclusion, the obligations that attach to it, and the consequences of breach.
- Due diligence and opinions. Title, permits, licences, litigation and corporate capacity, reported to the lender or to the borrower before signing.
- After signing. Compliance with covenants and reporting, waivers and amendments, refinancing, and — where a project fails — restructuring and enforcement.
Who are the firm’s finance clients?
Developers and landowners funding a residential or mixed-use project; hotel owners building, extending or repositioning a property; family-owned companies issuing their first bond loan; companies that obtained RRF loans or Development Law aid and must now meet the obligations attached to them; and, on the other side, lenders and investors that need Greek legal due diligence or a legal opinion on a Greek borrower.
Why is construction experience relevant to finance?
Because most of the risk a lender examines in a Greek development is construction and title risk: whether the permit is lawful, whether the plot is correctly recorded at the Cadastre, whether the contractor’s obligations match the funding timetable, and whether the security can be enforced. The firm’s construction practice, established in 1985, is the foundation of its finance work.
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Frequently asked questions
Can a private company (IKE) issue a bond loan? No; only a société anonyme may issue bonds under Law 4548/2018. Smaller companies often convert to an AE, or create one as the project vehicle, for this purpose.
Does the firm arrange the funding? No. The firm advises on the legal structure and documents and represents the client in negotiation with the bank, the bondholders or the authority; it does not arrange credit or give financial advice.
Can the firm act for the lender? Yes, where there is no conflict of interest — typically for legal due diligence, security documents and Greek-law opinions.
Are RRF loans still available? The signing deadline for RRF business loans was 29 May 2026, with plans approved by 31 August 2026; the firm now advises borrowers on the obligations of loans already signed.
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info@katslaw.eu · +30 210 898 2864 · WhatsApp +30 693 3333 144
This page is general information and does not constitute legal advice. It reflects the law as at the date shown and may change.It is legal information, not financial, credit or investment advice.
