Contact details

Panagiotis Vavougyios

T: +30 210 429 5160 Email Panagiotis | Vcard Office: Piraeus

Panagiotis Vavougyios Associate

Contact details

Panagiotis Vavougyios

T: +30 210 429 5160 Email Panagiotis | Vcard Office: Piraeus

Panagiotis is a finance associate specialising in shipping finance, particularly in relation to advising leading banks on bilateral and syndicated transactions, including the financing and refinancing of second hand vessels and new buildings.
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Panagiotis has experience in restructuring and work-out transactions including rescheduling of facilities, and subordination arrangements. He also assists owners in respect of sale and purchase of vessels, deposit and closing arrangements.

In addition, Panagiotis has a broad experience in banking and commercial law matters. He also advises on Greek law matters including the preparation of security over real and personal property, shipping finance transactions and Greek law due diligence matters.

Panagiotis holds a degree in Law from National and Kapodistrian University of Athens, Greece (2012). He also holds an LLM in Commercial and Corporate Law from Queen Mary University of London (2013).

Panagiotis holds an LLM in International Shipping Law with Queen Mary University of London (2015).

  • Finance
Panagiotis advises banks and shipowners on ship finance restructurings (loan facilities, guarantees facilities, assignments of loan and security) with numerous jurisdictions.

Swiss bank

Advising on four secured multi-currency loan facilities made to Liberian and Marshall Island corporations forming part of a major Greek shipping group, and including the re-financing of two vessels, following their acquisition by the borrowers from a shipyard and the financing of the delivery instalment under the building contract of another two vessels. The vessels were registered under the Greek and Maltese flags and the facility included a multi-currency option relevant to the vessels' chartering commitments.

Norwegian shipping bank

Advising on the transfer of its portfolio security of Greek mortgages following the transfer of loan facilities between the bank's different legal entities.

French bank

Advising in relation to a facility granted to a Greek international shipping group, including cash flow and cash sweep provisions and security documentation relating to a vessel's change of flag from Liberia to Cyprus.
 
More: Finance
  • Shipping

Panagiotis advises banks and shipowners on ship finance restructurings (loan facilities, guarantees facilities, assignments of loan and security) with numerous jurisdictions.

Swiss bank

Advising on four secured multi-currency loan facilities made to Liberian and Marshall Island corporations forming part of a major Greek shipping group, and including the re-financing of two vessels, following their acquisition by the borrowers from a shipyard and the financing of the delivery instalment under the building contract of another two vessels. The vessels were registered under the Greek and Maltese flags and the facility included a multi-currency option relevant to the vessels' chartering commitments.

Norwegian shipping bank

Advising on the transfer of its portfolio security of Greek mortgages following the transfer of loan facilities between the bank's different legal entities.

French bank

Advising in relation to a facility granted to a Greek international shipping group, including cash flow and cash sweep provisions and security documentation relating to a vessel's change of flag from Liberia to Cyprus.

More: Shipping

  • Greece

Panagiotis is member of the Greek law team and works on Greek law matters for clients of the firm's international offices.

Drafting Greek law preferred mortgage security and account pledges over accounts located in Greece under loan facilities governed by English law, including the translation and, where required, registration of such security.

Conducting registry, court and company searches in relation to real property and Greek registered vessels at the relevant registries in Greece.

Assisting various banks with Greek mortgage discharges upon repayment or prepayment of loan facilities.

More: Greece

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