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Karatzas & Partners advises doValue

BANKING AND FINANCE LAW

We are excited to have assisted doValue in Project Europe, a ground-breaking transaction for the Greek NPL market in times of unparalleled conditions which was completed on Friday, 5 June

Karatzas & Partners advises doValue

We are excited to have assisted doValue in Project Europe, a ground-breaking transaction for the Greek NPL market in times of unparalleled conditions which was completed on Friday, 5 June. Completion of the transaction resulted into doValue acquiring 80% of the share capital of Eurobank Financial Planning Services (FPS) and Eurobank’s Troubled Asset Group (“TAG”) being transferred to FPS. Eurobank and FPS also entered into a strategic14-year Service Level Agreement for the management by FPS of the bank’s NPEs and retail early arrears, including future stock.