Insolvency & Debt Restructuring
The continuous changes on Greek Insolvency Law / Bankruptcy Code have formatted a demanding area of law, which requires deep knowledge of the legal background and constant study of the relevant case law. We have represented both debtors and creditors on all aspects of bankruptcy and prebankruptcy procedure in Greece advising on complex strategies such as reorganization plans, recovery agreements including pre-package plans, and special liquidation procedure.
The involvement of our team with the rapidly growing and perpetually evolving hybrid corporate financing transactions, such as tailor made convertible bond programs and debt restructuring contracts is considered to be the cornerstone of the legal and financial advice that we provide to companies, financial institutions and investors with the contribution of distinguished academic advisors and accountants. Our lawyers practice on negotiating and finalising agreements aiming to the swift debt restructuring in the most efficient way both for the debtor and the creditor. This may include debt-for-equity conversion, write-down of the debt, extension of the initial repayment term and alteration of the loan interest rate. We also advise directors and executive officers on all issues related to their liability and obligations while the company enters into the insolvency regime. We strive for supporting our clients throughout this challenging situation and achieving bespoke solutions.