Practice Areas
Restructuring & Insolvency
Overview
We advise companies, shareholders, directors, investors and lenders on restructuring and insolvency matters under the Greek Insolvency Code and the wider framework for out-of-court workouts, rehabilitation procedures, pre-pack arrangements and formal insolvency proceedings.
Our practice is corporate-led and commercially focused. We help clients assess financial stress, manage creditor engagement, preserve enterprise value and address the legal risks that arise before, during and after a restructuring or insolvency process. Our work often involves the coordination of corporate, finance, tax, employment and disputes advice, particularly where a financing structure needs to be amended, a group structure simplified, or a distressed sale or investment implemented.
We advise on debt restructurings, standstill arrangements, amendment and extension processes, rehabilitation agreements, court-ratified restructuring plans, distressed M&A, asset disposals, enforcement issues and creditor-rights strategies. We act for both debtor-side and creditor-side stakeholders, with a focus on practical execution and the protection of value.
Greek restructuring law has evolved significantly in recent years, creating a more structured framework for early intervention, debt adjustment and business rescue. We guide clients through that framework with clear analysis, disciplined execution and a realistic assessment of the available legal and commercial options.
Services
We support companies, boards, shareholders and lenders on out-of-court workouts, standstill arrangements, covenant resets, amend-and-extend transactions, debt rescheduling and operational restructuring. The work often involves directors’ duties, liquidity pressure, creditor negotiations and the interaction between financing documents, corporate approvals and wider stakeholder management.
Our team advises on debt restructuring/ rehabilitation procedures under the Greek Insolvency Code, including pre-packaged arrangements, debt restructuring agreements, creditor consent processes and court ratification. We focus on practical execution, creditor alignment and the legal steps required to preserve business continuity where rescue remains viable.
We advise investors, shareholders and companies on acquisitions, disposals and investment structures involving distressed businesses or assets. This includes transactions implemented through rehabilitation procedures, asset transfers, corporate reorganisations or negotiated sales, with corporate, finance, tax, employment and regulatory issues managed together.
We represent creditors, shareholders, directors and other stakeholders in formal insolvency proceedings, including claim verification, challenges to insolvency-related decisions, recovery actions, enforcement issues and corporate-law claims arising from insolvency. Where disputes emerge, we work with our litigation team to protect the client’s position without losing sight of the commercial objective.
Featured Work
- Acted for the Liquidator of the Agricultural Bank of Greece (ATEbank) on the privatisation of the Greek Sugar Company — a complex insolvency-related disposal involving regulatory, corporate and industrial-asset issues.
- Advised Hellenic Postbank on corporate restructuring, including the acquisition of ASPIS Bank — a distressed-institution transaction requiring coordination of banking, regulatory and corporate workstreams.
- Advised Iliou Group of Companies S.A. on its restructuring, securing court-approved reorganisation that preserved the business as a going concern and enabled its sale