In an era characterized by domestic and global turmoil, the legal practice of restructuring and insolvency has become increasingly complex. The spectrum of options in rescuing an ailing company or recovering a claim is wider than it has ever been. These include bankruptcy, pre-bankruptcy, re-habilitation entailing pre-pack arrangements, restructuring, debt-to-equity swaps and rescue buyouts, as well as out- of-court workouts, special administration, sale & purchase of distressed debt, standstills & moratoriums. Also, in recent years, the core Greek insolvency laws have been amended numerous times.
Our restructuring & insolvency team is at the forefront of these developments and has accumulated a wealth of experience in assisting domestic and international clients in some of the most challenging insolvencies in the market, and in setting up viable claim recovery strategies. We work for lenders and lenders' groups, shareholders, corporate debtors, asset managers, private equity investors, banks and other stakeholders, in an advisory, transactional or contentious context.
We have significant experience in insolvency law, covering major aspects of bankruptcy proceedings, with particular emphasis on rehabilitation, structuring petitions for the initiation of such procedures, and representing clients before the courts. We provide advice on complex aspects of bankruptcy, such us set off, avoidable transactions and personal liability of directors and officers of ailing entities.
Combining our extensive experience in bankruptcy courts with the unique skills of our litigation team enables us to represent clients with regard to bankruptcy, bankruptcy petitions and bankruptcy proceedings.
We advise clients on strategy and optimum treatment for non-performing exposure and in relation to out-of-court workouts, debt restructuring and rescheduling, and distressed debt acquisitions and sales.
Our restructuring & insolvency practice uniquely complements our firm's banking, real estate and tax services, given that the thrust of non-performing loans has urged major credit institutions operating in Greece to seek redress against borrowers with the use of insolvency proceedings.