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Orestis Omran is a Partner in the Brussels Office of DLA Piper and the head of the firm’s EU-Greek practice. He focuses on international corporate and finance transactional as well as on EU regulatory matters in the energy, banking and infrastructure sectors. Qualified in England and Wales, New York, Greece and Brussels (E-list), Orestis is the very definition of an international attorney. He has closed complex transactions in many jurisdictions and has represented clients in formal and informal state aid and other investigations before the European Commission, national regulatory authorities and subsequent proceedings before the EU Courts. He is highly praised by Chambers (as an expert based abroad for Greece), Legal 500 (as an expert in the Global and EU Competition category and a next generation partner in the energy sector) and by IFLR 1000 (as a rising star partner in the Banking and Finance and Financial Regulatory categories).
In addition, Orestis advises governments and energy companies on both contentious and non-contentious matters. He is often involved in transnational litigation and international commercial and investment arbitrations in the energy sector. He represents and advises clients on a wide range of disputes and regulatory matters involving the upstream, midstream and downstream oil and gas industry.
Orestis is also considered as one of the top international lawyers in Greece where he benefits from a strong network of contacts in the Government and industry. He has led significant privatization, structured finance and project finance transactions and has also been acting for the Greek government in some of the most complex Greek and EU law matters before the European Commission and other international institutions. He has also advised the IMF and the EU institutions on the implementation of the Greek Program.
He is regularly invited to participate as a speaker in business and legal conferences in Europe and the United States and is often published in all of the above areas of law. He has served as a guest lecturer in many universities in Europe and the Americas on issues of comparative campaign finance law, sovereign debt restructuring and constitutional law.
Advised the Hellenic Republic on the landmark ‘Greek lignite and electricity markets’ antitrust case (AT.38700).
Advising the Hellenic Electricity Distribution Network Operator on the EUR 2.1 billion sale of 49% of its shares to the Macquarie fund.
Advised Finacity Corporation on the first in the Greek energy market securitization transaction of electricity bill performing receivables of the Public Power Corporation.
Advised Deutsche Bank on the securitization of PPC EUR 2,2 billion non-performing receivables portfolio.
Advising QQuant on the servicing and securitization of 1 billion NPL portfolio of Pancreta Bank.
Advising the Hellenic Republic, the Hellenic Post and the Hellenic Corporation of Assets and Participations on all state aid matters (cases SA.57538,S A.57982, S.A. 56616) related to the restructuring of the Hellenic Post .
Advising the Hellenic Republic on a state aid compliant strategic reserve scheme to incentivize the replacement of existing lignite based energy infrastructure while ensuring security of supply in the Greek electricity market.
Advising the Hellenic Asset Development Fund in the structuring of its Project Preparation Facility.
Advised an international oil and gas producer in ad hoc international arbitration proceedings against the Hellenic Republic regarding oil and gas exploration and development rights in Northern Aegean, Greece.
Advising major international investors on all aspects of the acquisition of RES projects in Greece.
Advising all Greek systemic banks in structured finance, project finance and hedging finance transactions.
Attorney-at-law admitted with the Supreme Court of New York
Dikegóros admitted with the Dikegorikos Syllogos Athenon
Solicitor of the Senior Courts of England and Wales
Associate and then Counsel in the Brussels Office of international law firm, 2012-2017
Attorney European Commission, Legal Service, 2011-2012
Chambers notes that: “Greek-qualified Orestis Omran is based in Brussels and receives numerous plaudits for his expertise in corporate and commercial law. He has experience advising on transactions, joint ventures and distribution agreements. One client describes him as 'an expert in Greek law', adding that 'he provides us with outstanding representation and clear advice on our business interests in Greece'”.
Legal 500 notes that Orestis Omran is ‘distinguished for his intelligence, commitment, business intuition and responsiveness‘ – boasts extensive EU-oriented experience (in the energy sector) and that competition and state aid expert Orestis Omran is noted for his extensive knowledge of the Greek market, where he acts for large companies and public entities”.
A client notes that “We work mostly with partner Orestis Omran who is an absolute star. He has vast experience on EU energy regulatory matters and leads transactions between energy companies and/or governments in south-eastern Europe. He has a deep knowledge of the energy markets and understands the business probably better than any other energy lawyer in Brussels” (Legal 500 2021)
Another client notes that “I have heard people in the industry referring to him as the Michael Jordan of law and I cannot agree more on that”. (Legal 500 2021)
University of Amsterdam, PhD (cand.), Thesis Topic: "Comparative Campaign Finance Law: A comparative analysis of Campaign Finance Regulation in the United States, the United Kingdom and Greece" (I. Henry Hijmans Scholar), 2018
University of California, Visiting Scholar, Berkeley (Boalt Hall) 2015
University of Chicago Law School, LLM, (Fulbright Scholar) 2011
University of Athens Law School, LL.B. 2009
American Bar Association
New York State Bar Association
Brussels Bar (E-list)
Guest Lecturer in Law Schools in Europe and the Americas
Special competition rules on digital ecosystems: Greece joins the club
7 September 2021
On 6 August 2021 the new draft Greek Competition Bill (the "new Bill") was published for a two-week consultation. It amends the Greek Competition Law (L.3959/2011) and aims to transpose Directive (EU) 2019/1 in order to enhance the enforcement powers of the Hellenic Competition Authority.
The 2021 amendments to the EU Securitisation Regulation: Stockpiling ammunition ahead of the next wave of NPEs
17 June 2021
The recently introduced amendments extend the scope of the Simple, Transparent and Standardised framework (STS framework) from "true sale" securitisations to on-balance sheet synthetic securitisations and remove existing regulatory barriers to the securitisation of non-performing exposures (NPEs).
Greece’s renewable energy sector: New rules in the pipeline to unleash potential
30 April 2021
The renewable energy sector (RES) in Greece continues its growth course, despite the impact of an unprecedented COVID-19 health crisis on the economy. Last year, 2020, has been a landmark year for Greece's energy transition, while the first quarter of 2021 indicates that this year will not be any different.
Digitalisation of public administration: State aid considerations of the Recovery and Resilience Facility
1 April 2021
The modernisation of the public sector with the adoption of new technologies aims at increasing efficiencies in the sector's activities and as such has been a priority for a number of EU Member States. What are the State Aid considerations of the Recovery and Resilience Facility?
New interplay between State Aid Rules and Bank Resolution in the EU: the Tercas case
18 March 2021
On 2 March 2021, the Court of Justice of the European Union (CJEU) issued its decision in the Tercas case (Tercas ruling) upholding the General Court's decision and rejecting the Commission's arguments.
Episode 2: What next for the European NPL market? – Part 2
8 March 2021
The DLA Piper Financial Services Podcast
In this episode, the discussion on the non-performing loan (NPL) market continues with views on developments in Greece, Italy and Spain. Even without the impact of COVID-19, these southern European markets continue to experience significant NPL activity.
Greek NPL market snapshot
7 December 2020
The aftermath of the financial crisis, coupled with economic impact of COVID-19 has led to a rise in non-performing loans (NPLs). In this report we take a look at the Greek NPL market, examining the structural and tax considerations for the sale of Greek NPLs and how Ireland plays a role for the investors who purchase Greek NPLs.
Greece: New package of financial and structural measures boosts the role of RES on the way to the country’s “green” transition
19 November 2020
On 1 November 2020, what is probably a new era for the Greek energy market was marked by the launch of the so-called “Target Model” implementation plan. The term “Target Model” essentially describes EU’s initiative to create a single EU energy market, as such initiative is enshrined in the Third Energy Package.
COVID-19 and free movement in the EU: Things to consider for a workable framework
27 April 2020
Unilateral restrictions on mobility across borders have been some of the earliest measures EU Member States (Member States) have been taking against the spread of COVID-19. Such measures give rise to legitimate concerns about the status quo of certain freedoms that are pivotal to the EU institutional structure.
COVID-19: The EU Temporary State Aid Framework - Focus on Greece
10 April 2020
Since the COVID-19 outbreak affected Greece, the Greek Government has announced a number of measures to support businesses and employees in need. Kindly read in this insight the legal bases for state aid measures during the COVID-19 crisis and the measures announced so far by the Greek Government.
First EU international agreement linking greenhouse emissions trading systems
24 January 2020
This publication offers you the latest insights and conclusions on the first international agreement linking greenhouse gas emissions trading systems.
The European Commission adopts recommendations on how to enact and implement the revised Energy Efficiency Directive: A new era for energy efficiency in the EU?
17 October 2019
On 25 September 2019, the European Commission adopted three recommendations to illustrate how Member States can practically implement the Energy Efficiency Directive aimed at ensuring a uniform understanding across Member States of certain aspects of the EED; putting clean energy transition into practice; and herald the national measures to follow.
Co-author Litigation Law and Practice in Greece, Chambers 2019
Co-author Antitrust Litigation Law and Practice in Greece, Chambers 2019
Directors' Liability in the Twilight Zone, Country Report for Greece, INSOL 2017
“How are EU regulation policies affecting growth prospects for the TMT industry and what is required to help stimulate more investment”, TMT Finance Conference, Munich, Germany, October 2016
“Sovereign Debt Restructuring in Greece and Argentina: A comparative assessment”, series of guest lectures at the Pontificia Universidad Católica de Chile and the Universidad de Buenos Aires, Santiago, Chile and Buenos Aires, Argentina, September 2016
“The new Greek Development Law”, Annual Conference of the Federation of Industries of Northern Greece, Thessaloniki, Greece, June 2016
“Drafting arbitration clauses in energy contracts: A prerequisite to successful arbitration”, Seminar organized by the Association for International Arbitration, the Vienna International Arbitration Centre and the Austrian Arbitration Association, Brussels, Belgium, May 2016
“Public International Law Aspects of Oil and Gas Exploration and Development in South Eastern Mediterranean”, Event entitled “Energy Planning for Crete: Prospects of Development”, Athens, Greece, April 2016
“Campaign Finance Reform in Greece: Lessons to learn from the US and the UK”, Annual Conference of the Group of the Greek Constitutionalists, Crete, Greece, April 2016
“Cybersecurity: EU legislation and highlights of key obligations”, EUTC Summit, Brussels, Belgium, March 2016
“Criminal Aspects of Campaign Finance Regulation”, Oxford Criminal Law Discussion Group, Oxford Law Faculty, Oxford, UK, February 2015
DLA Piper helps Hellenic Republic resolve Greek electricity market dispute
22 September 2021
DLA Piper has advised the Hellenic Republic in negotiations with the European Commission to resolve a landmark 'Greek lignite and electricity markets' antitrust case.
DLA Piper promotes Brussels lawyer to partner in latest promotions round
1 May 2020
DLA Piper is pleased to announce that Brussels-based lawyer Orestis Omran has been promoted to partner as part of the firm’s annual promotion round, effective 1 May 2020. This promotion brings the total number of partners in Belgium to 22.
DLA Piper announces partnership promotions for 2020
30 April 2020
DLA Piper is proud to announce that 67 lawyers have been promoted to its partnership. The promotions are effective as of April 1, 2020 in the United States and May 1, 2020 for EMEA and Asia Pacific. The promotions have been made across many of the firm's practice areas in 35 different offices throughout 13 countries.
Across the firm's practices globally, Corporate saw the largest intake of new partners with 19 promotions, followed by Litigation and Regulatory with 15. Intellectual Property and Technology and Finance and Projects had ten and eight promotions respectively, while there were six in Real Estate. Tax and Employment both had four, and there was one in Restructuring.