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Freshfields advises Eldorado Gold on amended investment agreement by the Hellenic Republic
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Eldorado Gold Corporation, a gold and base metals producer on the ratification and amendment of the investment agreement that was signed on February 5, 2021 between the Hellenic Republic and Eldorado’s wholly owned subsidiary, Hellas Gold S.A.
The Agreement amends the 2003 Transfer Agreement and provides a modernised legal and financial framework for the further development, construction and operation of the Skouries, Olympias and Stratoni/Mavres Petres mines and facilities in northern Greece (collectively the “Kassandra Mines”).
The amendments in the agreement will provide Eldorado with investor protection mechanisms including a permitting framework similar to other large-scale foreign investment agreements in Greece.
The Freshfields team was led by partner Alex Carver.
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