IFLR 1000 2011

Kelemenis & Co is one to watch. The firm has continued to grow in numbers and deepen its roots, consolidating its position as an up-and-coming full service law firm. The firm maintains its ranking after strong recommendations from clients.
It is strongest in project finance and corporate advice. “I wouldn’t recommend any other firm for energy work,” says a client, adding: “Excellent service, fast, very well legally supported and very detailed.”
“It was a job well done and fast, two hard things to combine for a Greek firm,” says another client. Yannis Kelemenis, Tom Kyriakopoulos and Ioanna Lazaridou are all recommended by clients. Competitors recognise the firm is “corporate oriented” with “an impressive strategy: they have done a great job advertising themselves and it has a very diverse practice.”
In highlight deals, the firm advised Chevron and its subsidiaries on debt restructurings related to complex and unorthodox debt structures. It advised Aquis Resorts on revolving facilities with Eurobank for €2.5 million and the acquisition of seven four to five star hotels and resorts for €75 million.
The firm acted for Aegean Energy’s founding shareholder on the sale of 50% of its shares and Endesa Hellas on a €250 million EPC construction contract. Another interesting deal was for Israeli investors in their 50% participation in the €45 million restructuring of a hotel in Corfu. Elsewhere the firm was active on photovoltaic projects and assisting clients such as Loux, Western Union and Johnson & Johnson.