Bernitsas Law is renowned for its sizeable and highly experienced team which frequently assists clients with significant cross-border restructurings and acts for official receivers in liquidation proceedings. Notable work includes acting for Thomas Cook Group Tour Operations Limited on the sale of its shares in its English subsidiary following liquidation. PIMCO entrusted the firm with the securitisation of PPC receivables, pertaining to a portfolio amount of €1.7bn, in relation to outstanding electricity invoices. Lambros Belessis is well known for his expertise within M&As and corporate restructurings. He co-heads the practice with Athanasia Tsene who is well versed in advising on security and hedging arrangements. Other notable contacts include counsel Dionysis Flambouras.

Koutalidis Law Firm is best known for its ‘transaction-orientated and pragmatic advice and solutions‘, acting for debtors, lenders and investors on domestic and international matters. The group’s expertise covers a breadth of services, including debt restructuring proceedings, private refinancing and rescheduling schemes, with matters coming from a range of sectors, including the mining and metals, healthcare and food sectors. In recent work, the practice acted for the four Greek systemic banks, overseeing the corporate reorganisation and debt restructuring of creditors Sidma and Bitros. Nikos Koritsas, Ioannis Kaptanis and Effie Papoutsi lead the practice. Chrysanthi Karlou is also noted, especially because of her assistance to Alpha Bank during its hive-down process.

Norton Rose Fulbright advises major global financial institutions on a wide array of matters, with particular emphasis placed on restructurings. The group’s experience includes the restructuring of existing loans, issuance of new loans, debt and equity swaps, public tender offers and delistings. With its wide-ranging sector expertise, the group fields a versatile practice, including matters from the shipping, energy and real estate sectors. In addition to its restructuring practice, the team also acts on insolvency matters, regularly overseeing reorganisations, special liquidations, creditor plans, bankruptcy and COMI. Athens and London-based Yianni Cheilas heads the practice and has extensive experience in representing lenders in restructurings, work-out arrangements and monitoring complex loans.

Platis – Anastassiadis & Associates Law Partnership has a ‘dedicated, ambitious and highly motivated team‘ that advises on common and special insolvency and bankruptcy procedures in addition to acting on special administration and special liquidation procedures. The practice has experience in acting as liquidator, providing commercial, corporate and financial advice on the restructuring and disposal of assets of a company. The group is further sought after in matters regarding the restructuring of the legislative framework for insolvency practitioners. Eirinikos Platis and senior manager Vassileios Mavrommatis head the practice.

POTAMITISVEKRIS is a prominent leader in the market and impresses with its strength in corporate restructurings. Recent work includes a restructuring of a major healthcare group, involving the transfer of debts to a new company controlled by a Greek systemic bank and a foreign investor, amounting to €500m. Significant work also includes work for the Hellenic Ministry of Finance for whom the practice coordinated a committee that will redraft the Greek Bankruptcy Code, creating commercial and consumer insolvency proceedings and providing liquidation preventatives and solutions. Stathis Potamitis directs the practice.

AKL Law Firm has a wide breadth of expertise in restructuring and insolvency procedures, often advising on acquisitions of distressed and non-distressed assets, in addition to advising lenders, shareholders and investors on collective and individual enforcement procedures, corporate recoveries and business and asset restructurings. The group is acting for the special administrator in court proceedings arisen from Hellenic Shipyards, a matter involving EU state aid legislation and a request of judicial extension. The practice is collectively led by the experienced Constantine Alexiou, Alexandros Kosmopoulos and Sotiris Foteas.

The practice at Karatzas & Partners is ‘renowned for its ability to advise on the most complex structures and handle the most challenging transactions‘. Restructurings are a mainstay of the practice, with its work for Value SpA on Project Duette, involving the issuance of new senior secured notes amounting to €300m and falling due in 2026, a recent highlight. For Eurobank, the practice advised on the undertaking of Project Cairo which surrounds a corporate transformation plan, encompassing matters of multi-asset securitisation of NPEs and a hive-down process. The team is headed by Vassiliki Salaka.

Kyriakides Georgopoulos Law Firm has a particular focus on work-out strategies and negotiating out-of-court private restructuring agreements with creditors. The team often advises on insolvency and pre-insolvency proceedings, debt recovery, claw-back actions, and directors’ liability in the context of insolvency and restructuring plans. Notable work includes acting on restructuring discussions concerning debt toward Greek banks as well as restructuring matters involving possible cooperation and partial divestment to investors. Konstantinos Issaias and Theodore Rakintzis head the practice.

Lambadarios Law Firm acts for a varied client roster, including financial institutions and corporates, on liquidations, internal restructurings, increases and reductions of registered share capital as well as on regulatory and compliance requirements and ancillary agreements, including shareholder and management agreements. The practice frequently joins forces with international law firms. Significant work includes acting for DEPA S.A. on the due diligence, documentation and negotiations of its demerger corporate transformation amounting to €1bn. Prokopis Dimitriadis and Constantinos Lambadarios direct the team. Melina Katsimi impresses with her expertise in a broad range of sectors and strong restructuring track record.