Theodoros Papadatos is an experienced senior associate within our Project Finance & Development, Banking & Finance and Energy practice groups. He advises a wide range of stakeholders, from banks and sponsors to investors and contractors, on major development projects and high-profile public procurements in utilities, infrastructure, energy, and hotels and leisure. Theodoros advised Mohegan Gaming & Entertainment on its successful tender for the casino license concession in the €1 billion Hellinikon Integrated Resort Casino, and has worked closely with borrowers and banks, including all of Greece’s systemic banks, on a wide range of financing structures. He is widely experienced in EU and public law, focusing primarily on administrative law, public procurement and competition law.

Before joining Lambadarios, Theodoros worked in the Court of Justice of the European Union (CJEU), focusing on the treatment of references for preliminary rulings. He also worked extensively in the field of EU administrative law and state aid law, conducting research to support members of the Court and publishing articles in the CJEU journal, Reflets Judiciaires.

Areas of expertise

Theodoros is a key member of our Project Finance & Development team and has advised on a number of landmark projects, including the Hellinikon Integrated Resort Casino and several important utilities developments.

Notable Project Finance & Development cases

  • Advised KKR on its public bid for a 49% stake in HEDNO (Hellenic Electricity Distribution Network Operator).
  • Advised HRADF (Hellenic Republic Development Fund) on the €1.5 billion Egnatia Odos motorway concession project, the second-largest motorway project in Greece.
  • Advised HRADF (Hellenic Republic Development Fund) on every aspect of the tender process for the new concession of Attica Motorway, which is expected to be the largest project in Greece and estimated to cost over €2 billion.
  • Engaged by Hellenic Republic (Ministry of Public Works and Transportation) on the international public tender for the construction, operation, financing and maintenance of the Enipeas River Dam PPP project for €200m.
  • Advised A1 Yacht Trade Consortium on the concession project for the right to operate, exploit, repair and maintain a shipyard located in the Kanamat area in Rhodes for a 40-year period for €40m.
  • Advised EYDAP in its capacity as tender authority in the international public tender for the award of a public contract for the operation of the waste treatment plant of Psyttalia.
  • Advised Waterfall Capital Investors LLC on the development and financing of the €140m Advanced Greenhouses with High Efficiency Combined Heat and Power (HECHP) project in central Greece.
  • Advising Mohegan Gaming & Entertainment in its participation to the public tender for the concession of a Casino License and the financing of the Hellinikon Integrated Resort Casino. Project tendered out by the Hellenic Ministry of Finance and the Hellenic Gaming Commission. This project is estimated at over €1 billion.
  • Advising a consortium led by J&P Avax for the construction and operation of a €50m PPP Waste Management Plant in the region of Elia.
  • J&P Avax – Mesogeios and Polyeco, the consortium bidding for the €130m waste management PPP in Western Macedonia.
  • Advising FLNG RUS on the development and financing of floating power barges projects in selected areas of Greece.

PPPs

  • Engaged by Hellenic Republic (Information Society S.A.) on the project for the Development of General Methodology and Standardization of Procedures for implementing PPP road infrastructure projects.
  • Advised Piraeus Bank in the project financing of the development of the Thessaloniki Flyover PPP project with a value of around €340m.
  • Advised the lending banks’ project financing of the development of the VOAK North Crete Axis motorway PPP project with a value of around €300m.

Energy

  • Advised Invenergy, a leading privately held global developer and operator of sustainable energy solutions, on the Greek law aspects of entering the Greek energy market.

Banking & Finance

Theodoros has advised banks, borrowers and investors on their involvement with a wide range of infrastructure, utility and development projects. With a detailed understanding of the financial structures available to stakeholders, as well as expertise in the regulatory environment, he helps clients to identify, refine and execute the most appropriate strategies to get the deal done. Theodoros also acts as lenders’ counsel to major national and transnational banks and advises public bodies on high-profile procurements.

Notable Banking & Finance cases

  • Advised Piraeus Bank on financing of the €88.8m acquisition of solar and wind parks with a total nominal capacity of 67.3 MW by a funded corporate group active in the renewable energy sector.
  • Lenders’ counsel to National Bank of Greece for the refinancing of a wind-farm project.
  • Advising the four major Systemic Greek banks (NBG, Piraeus, Eurobank and Alpha) in all aspects of the issue of a syndicated bond loan amounting to €35m for Terna Magnesite.
  • Advising on a €130m syndicated corporate bond loan to GEK Terna led by Piraeus Bankas mandated lead arranger.
  • Advising on the privatization process of DEPΑ, the public gas corporation, run by the Hellenic Republic Asset Development Fund.
  • Advising EYDAP, the public water company, on a €300m public procurement for the water and sewage treatment Operation and Maintenance contract of the City of Athens.
  • Representing Volterra, an energy provider, in regulatory procedure before the Regulatory Authority for Energy in relation to delays in payment of regulatory charges.
  • Retained to advise the HEDNO, the Hellenic energy distribution network operator, to advise the management on regulatory issues.
  • Advising Black Sea Trade & Development Bank, an international financial institution, on signing a €190m bond loan with Public Power Corporation.
  • Advising EBRD in the financing of Papoutsanis S.A. a leading cosmetics maker in Greece.
  • Lenders’ Counsel to EBRD for the €30m financing of CVC acquisition of a major Hospital in the Athens metropolitan area.
  • Lenders’ counsel to National Bank of Greece to advise on the acquisition of a 12MW photovoltaic park in Greece.
  • Lenders’ counsel to National Bank of Greece for the refinancing of a Quest Pylos Energy.
  • Advising Alpha Bank in financing Hines for the development of Academy Gardens a greenfield project in the Athens Metro Area.
  • Advised Lone Star funds in the bid for Project Jupiter a secured NPL SME portfolio tendered By Alpha Bank of a value over €1 billion.

Lenders’ Counsel Infrastructure (see also Project Finance)

  • Advised the four Greek systemic banks (NBG, Piraeus, Eurobank and Alpha) on bond financing of €505m to DESFA, the natural gas transmission-system operator in Greece, for corporate purposes.
  • Advised Piraeus Bank on financing the €88.8m acquisition of solar and wind parks with a total nominal capacity of 67.3MW.

Lenders’ Counsel Corporate/Real Estate/High Yield

  • Advised Eurobank and Piraeus Bank on a corporate financing of €40m to Elliniki Zimi, one of the largest Greek market vendors of frozen vegetables, dough, and fresh salads, both in Greece and abroad.

Theodoros has been closely involved in a number of major energy-related transactions, including the restructuring and privatization of Greece’s public gas corporation, DEPA. He has a detailed understanding of the industry sector and has advised on numerous renewable energy projects.

Notable Energy cases

  • Represented the Danish company Orsted A/S, which is engaged in the development, construction, and operation of offshore wind farms, in its bid for Greek wind farms from Spanish wind turbine manufacturer Siemens Gamesa.
  • Advised DEPA Commercial S.A., the public gas corporation, on the North Solar acquisition (portfolio of 500MW of solar assets in Western Macedonia) and the regulatory matters around the purchase, as well as advised the company on its acquisition of several SPVs that own 1.5GW of solar capacity in Greece.
  • Advised EYDAP in its capacity as tender authority in the international public tender for the award of a public contract for the operation of the waste treatment plant of Psyttalia.
  • Advised Hellenic Petroleum S.A. (HELPE) on its €90million acquisition from Copelouzos Group and International Constructional S.A. of two wind farms in Mani, with a total capacity of 55.2MW.Advised DEPA Commercial S.A., the public gas corporation, on the North Solar acquisition (portfolio of 500MW of solar assets in Western Macedonia) and the regulatory matters around the purchase, as well as advised the company on its acquisition of several SPVs that own 1.5GW of solar capacity in Greece.
  • Advised Piraeus Bank on the financing of the €88.8m acquisition of solar and wind parks with a total nominal capacity of 67.3 MW by a funded corporate group active in the renewable energy sector.
  • Advised KKR on its bid for a 49% stake in HEDNO (Hellenic Electricity Distribution Network Operator) through its participation in a public bidding process.
  • Represented the Danish company Orsted A/S, which is engaged in the development, construction, and operation of offshore wind farms, in its bid for Greek wind farms from Spanish wind turbine manufacturer Siemens Gamesa.
  • Advising DEPA, the public gas corporation, on the privatization process run by the HRADF for the sale of the DEPA Commercial to an interested investor for an estimated value of between €300m and €400m.
  • Advising DEPA, the public gas corporation, on the privatization of DEPA Infrastructure through a privatization process run by the HRADF for the sale of the gas grid infrastructure around Greece for an estimated €700m.
  • Advising Icon Infrastructure on the due diligence for an acquisition on three wind farms and 12PV park.
  • Advised Volterra on the transaction of a hybrid Greek bond loan of up to €40m to a Greek SPV that will build, own and operate the 43MW Lykovouni wind farm in Beotia north of Athens.
  • Advising Volterra, a renewable energy producer, in:
    • the establishment of a joint venture company with PPC Renewables, for the joint development of two wind farms of a total 60MW.
    • in the €30m financing of a wind project with EBRD.
    • in the establishment of a joint venture company with Vendavel, for the joint development of two wind farms of a total 46MW.
    • in both project and finance documents for a €30m wind-farm project, financed by National Bank of Greece.
    • regulatory procedure before the Regulatory Authority for Energy in relation to delays in payment of regulatory charges.

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More related news for Theodoros Papadatos
  • Athens Bar Association
  • Greek
  • English
  • French
  • Spanish
  • LLM, University of Oxford (2015)
  • DEA, Paris II Pantheon-Assas University (2014)
  • LLB, School of Law, University of Athens (2013)
  • Erasmus Scholarship, Aix-Marseille III Paul Cezanne University (2011-2012)

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