Harneys advises the National Bank of Greece on the financing of Tethys Securitization Sàrl

Harneys recently acted as Cyprus and Luxembourg counsel to the National Bank of Greece (the lender) in relation to the successful financing of Tethys Securitization Sàrl, in connection with the secondary acquisition of a non-performing loan portfolio.

The National Bank of Greece is a global banking and financial services company with its headquarters in Athens, Greece.

Partner Charl Brand led the Luxembourg team with assistance from Counsel Massimiliano della Zonca, Associate Stefanos Kapellidis, and Cyprus Associate Irene Panayidou.

Partner Charl Brand commented: “We are delighted to have played a role in this transaction which showcased the seamless collaboration we have with, our Cyprus and Luxembourg colleagues.”

The firm’s Banking and Finance practice group has decades of experience in credit and security legal issues relating to debt finance, including loan finance, debt issuance, lease financing, shariah compliant finance, distressed debt, and enforcement of security, and derivatives. The Corporate team at Harneys excels at complex cross-border transactions involving BVI, Cayman Islands, Luxembourg, and Cyprus vehicles. The firm’s significant track record includes complex mega-deals, high value private equity transactions, landmark IPOs and the full spectrum of public and private M&A and joint ventures.