Next Generation Partners

Restructuring and insolvency in Greece

Koutalidis Law Firm

Lauded by clients for its ‘thorough, client‑centric and highly commercial’ advice, Koutalidis Law Firm acts for systemic banks and funds. The team is well‑placed to handle refinancing, debt restructuring, and NPL matters, with expertise in both English and Greek law. Managing partner Nikos Koritsas specialises in banking and finance, frequently advising on group debt restructurings and public fund investments. Ioannis Kaptanis, recognised for his ‘exceptional mastery of the law’, focuses on project finance and refinancing. Effie Papoutsi brings corporate finance expertise, advising on financings, restructurings, and debt capital markets transactions.

Praxisleiter:

Nikos Koritsas; Ioannis Kaptanis; Effie Papoutsi


Referenzen

‘Koutalidis‘ strength is that they have market leading expertise and individually exceptional lawyers. They are able to bring practical, deal-driven advice on transactions.‘

‚The team’s advice is thorough, client centric and highly commercial.‘

‘Ioannis Kaptanis is our go-to partner for any projects in this sector. He not only has an exceptional mastery of the law but unparalleled experience in the field and as a leading partner he drives projects forward with confidence and efficiency. Based on our experience, he is very much the best of the best.‘

Kernmandanten

Eurobank S.A.


National Bank of Greece S.A.


Piraeus Bank S.A.


Alpha Bank S.A.


Aegean Motorway S.A.


Sfakianakis S.A.


Attica Bank S.A.


Waterwheel Hellenic Private Opportunities Fund DAC


Hellenic Financial Stability Fund


Highlight-Mandate


  • Advising the concessionaire of Aegean Motorway S.A., supporting the project from the initial tender phase through to financial close and continuing to provide legal counsel on an ongoing basis. The shareholders of Aegean Motorway S.A. include Hochtief PPP Solutions GmbH (Germany), Vinci Concessions S.A.S. (France), and Greek companies Aktor Concessions S.A. and AVAX S.A. The project documents are governed by Greek law, while the original financing documents were under English law.
  • Advised Sfakianakis S.A., a leading Greek automobile distributor, on the complex restructuring of its group debt, including the facilities of its subsidiaries Ergotrak and Speedex.
  • Advised the Hellenic Stability Fund (HFSF) on the landmark merger of Attica Bank S.A. with Pancreta Bank S.A., including the negotiation and conclusion of the merger and investment agreement, and on its €475.1m participation (alongside Thrivest’s €200m) in a €735m share capital increase through rights issue and warrants.

Platis – Anastassiadis & Associates Law Partnership

Platis – Anastassiadis & Associates Law Partnership focuses on bankruptcy, corporate rehabilitation, out‑of‑court settlements, and debt restructuring. The team is frequently instructed by shipbuilding companies, real estate entities, listed corporations, and credit management firms. Eirinikos Platis advises lenders, debtors, and creditors, with notable expertise in liquidation matters. Vassileios Mavrommatis, described as a ‘litigation‑oriented restructuring specialist’, is highly experienced in bankruptcy and restructuring proceedings. Marina-Eleni Theodorou, recognised for her ‘wealth of experience across high‑stakes transactions’, handles bankruptcy procedures and public tenders, while Evangelia Nikolopoulou provides support across a broad range of matters.

Praxisleiter:

Eirinikos Platis; Vassileios Mavrommatis; Marina-Eleni Theodorou


Weitere Kernanwälte:

Evangelia Nikolopoulou


Referenzen

‘The project team consists of highly educated lawyers committed to client-oriented professional advice. The interconnection between the departments guarantees that the legal advice produced has been reviewed from various legal aspects and is well substantiated.‘

‘The individuals are experienced lawyers, sophisticated, experts in their field, and they work together in a diligent way. They are highly responsive.‘

‘It belongs to a select circle of leading firms regarded as true specialists in bankruptcy and restructuring. Skilled in advising both debtors and lenders. The firm enjoys an outstanding reputation for handling major, high-stakes cases involving both creditors and debtors, and is equally experienced in representing administrators and liquidators in significant insolvency disputes.‘

Kernmandanten

Star Automotive Hellas S.A.


Horse Racing Organisation Of Greece S.A.


General Cables S.A.


Project Shipyard – Elefsis Shipyards


Onex Group


Axon Holdings S.A.


Olympic S.A.


Yalco S.A.


Highlight-Mandate


POTAMITISVEKRIS

Esteemed for its ‘in‑depth knowledge of Greek legal frameworks regarding insolvency and restructuring’, POTAMITISVEKRIS advises on debt restructuring, rehabilitation, liquidation, and bankruptcy matters, with experience before the Bankruptcy Court of Athens. Stathis Potamitis handles corporate restructuring, liquidation of investment firms, and personal bankruptcy. Alexander Metallinos focuses on debt restructuring, while the ‘very knowledgeable’ Vassilis Stergiou brings M&A expertise and regularly advises on rehabilitation proceedings. Konstantinos Rachianiotis, noted as a ‘rising star’, specialises in pre‑insolvency and insolvency issues.

Praxisleiter:

Stathis Potamitis; Alexander Metallinos; Vassilis Stergiou


Weitere Kernanwälte:

Konstantinos Rachianiotis


Referenzen

‘POTAMITISVEKRIS law firm has in-depth knowledge of Greek legal frameworks regarding insolvency and restructuring proceedings. They have been involved in almost all major restructurings in Greece since 2015. The team shows a proactive and problem-solving approach.‘

‘Stathis Potamitis heads the insolvency and restructuring department, while he runs the projects alongside Konstantinos Rachianiotis, a prominent and talented senior associate of the practice.‘

‘The insolvency and restructuring practice of POTAMITISVEKRIS has an unparalleled reputation as the most knowledgeable and experienced team in Greece. Very capable of dealing with difficult and complex issues and they provide helpful support in difficult negotiations.‘

Kernmandanten

Hellenic Ministry of Finance


Folli Follie


Agricultural Bank of Greece Liquidator


PWC


Hellenic Post Bank Liquidator


Alpha Bank


Cepal


Bank of Cyprus


Piraeus Bank


EBRD


Eurobank


DIAS Aquaculture


Varangis Societe Anonyme


Farallon Capital Management LLC


Venus Growers – Agricultural Cooperative of Veria


Hotel Brain


Highlight-Mandate


  • Advised the largest hotel operator in Greece in the context of the restructuring of a hotel chain in the Dodecanese islands.
  • Advised one of the largest agricultural cooperatives in Greece in the context of the restructuring of a US based food giant.
  • Advised Intrum AB, Europe’s largest debt servicer, after it underwent a major financial and operational restructuring in 2025 to address its substantial debt burden and reposition itself for long-term sustainability.

AKL Law Firm

AKL Law Firm is well‑placed to handle enforcement proceedings, judicial NPL cases, and disputes before the Court of First Instance and the Supreme Court. Recognised for its ‘proven experience in complex cases’ and ‘exceptional professionalism’, the team offers broad expertise. Constantine Alexiou focuses on dispute resolution and insolvency matters, while banking and finance specialist Alexandros Kosmopoulos advises on refinancing issues. Sotiris Foteas, recommended for ‘complex litigation in civil and commercial matters’, is highly experienced in cross‑jurisdictional litigation.

Praxisleiter:

Constantine Alexiou; Alexandros Kosmopoulos; Sotiris Foteas


Referenzen

‘Sotiris Foteas shows outstanding responsiveness and a strong capacity to understand the business risk behind the pending issues. He is a lawyer that can truly be trusted. I would recommend him for complex litigation in civil and commercial matters.

‘The team at AKL stands out for its unique combination of legal excellence and practical business insight. With proven experience in complex cases, they consistently deliver solutions that are both legally sound and commercially viable.‘

‚Their collaborative culture, swift responsiveness, and partner-led involvement create real value for clients. This is a top-tier team that inspires trust, demonstrates exceptional professionalism, and consistently exceeds expectations.’

Kernmandanten

Piraeus Bank S.A.


Eurobank S.A.


Alpha Bank S.A.


Do Value Greece


Silverton Greece S.A.


Highlight-Mandate


  • Advising a consortium of banks (EUROBANK S.A. ALPHA BANK S.A. PIRAEUS BANK S.A.) on the status, impact and consequences of a long series of pending proceedings between the owner of a landmark hospitality unit in the island of Crete and the concessionaire of a landmark hospitality asset in the wider Athens area (the Concessionaire Group).
  • Advised the client in the sale of a single ticket portfolio including debt of approximately 30 million euros of a hospitality business unit in the island of Rhodes.
     
  • Represented Eurobank S.A., in its capacity as agent for a syndicate of bondholders under a EUR 33 million project loan, in injunction and interim judgment proceedings before the Athens Court of First Instance.

Bernitsas Law

Leveraging expertise across banking, finance, capital markets, and M&A, Bernitsas Law advises lenders and borrowers in distressed situations, frequently handling NPL portfolio acquisitions, restructurings, and liquidations. Co‑head Lambros Belessis specialises in M&A and corporate restructurings of international companies. Co-leading the team alongside him, Athanasia Tsene brings banking and finance expertise, regularly advising on NPL transactions and rehabilitation agreements. Evi Kitsou is another key contact, noted for her work on group restructurings and liquidation matters.

Praxisleiter:

Lambros Belessis; Athanasia Tsene


Weitere Kernanwälte:

Evi Kitsou


Kernmandanten

Apollo Capital Management LLC


Cerberus European Investments LLC


Eurobank Ergasias


Hoist Finance AB


Hoist Consulting SA


National Bank of Greece


Piraeus Bank


PIMCO


The Hellenic Republic Asset Development Fund


Viatris


Highlight-Mandate


  • Acting as Greek law counsel to AP Hermes Securitisation Sàrl in connection with the acquisition of an NPL Portfolio of unsecured and secured loans of a total legal claim of c.€700m.
  • Advising Apollo Global Management LLC and Lapithus Group on the restructuring of securitised receivables and secondary transfers of restructured exposures.
  • Advising Unilever on their intragroup restructuring consisting in the separation of its ice cream business and the establishment of a new Greek legal entity.

KBVL

Operating across sectors including shipyards, mining, entertainment, and hospitality, KBVL advises on pre‑bankruptcy proceedings, restructurings, and disputes. Managing partner Ilias Koimtzoglou and Michalis Pattakos are frequently engaged in corporate restructuring transactions and creditor negotiations. George Zacharopoulos handles both advisory and litigation aspects of restructuring and insolvency, with recent involvement in judicial restructuring and rehabilitation agreements. Marianna Exarchou is another notable practitioner, regularly supporting on high‑profile transactions.

Praxisleiter:

Ilias Koimtzoglou; Michalis Pattakos; George Zacharopoulos


Weitere Kernanwälte:

Marianna Exarchou


Referenzen

‘The individuals stand out because of their high level of expertise and professionalism.’

‚The firm possesses great legal knowledge and great collaboration.‘

Kernmandanten

Hellenic Shipyards


Larco


Fosun International


Astoria Hotel


Tsikakis – Giannopoulos


Callicounis


Highlight-Mandate


Kyriakides Georgopoulos Law Firm

Often drawing on cross‑departmental expertise in employment, banking and finance, and data protection, the ‘very efficient and result‑oriented’ team at Kyriakides Georgopoulos Law Firm advises on restructuring, insolvency, and disputes, with experience before the Multi‑member First Instance Court. The team represents distressed companies, financial institutions, auditors, and creditors. Co‑head Konstantinos Issaias is recognised for his ‘knowledge of the industry’ and ‘professionalism’, handling advisory and contentious insolvency matters spanning rehabilitation, liquidation, bankruptcy, and NPLs. Fellow co‑head Theodore Rakintzis brings expertise in M&A, capital markets, and refinancing transactions. Other key contacts include Zaphirenia Theodoraki and Eleana Nounou.

Praxisleiter:

Konstantinos Issaias; Theodore Rakintzis


Weitere Kernanwälte:

Zaphirenia Theodoraki; Eleana Nounou


Referenzen

‘The law firm is well resourced, with very good professionals and provides a high level of service.‘

‘Konstantinos Issaias provides an excellent service.’

‘The team is very efficient and result oriented.‘

Kernmandanten

Frigoglass SAIC


Frigoglass Group of Companies


PQH


Highlight-Mandate


Lambadarios Law Firm

Lambadarios Law Firm advises on liquidation proceedings, contentious insolvency, and corporate reorganisations. Prokopis Dimitriadis handles distressed debt transactions and insolvency matters, bringing additional expertise in M&A. Constantinos Lambadarios also leverages his M&A background to lead on corporate restructuring mandates. With experience in arbitration and liquidation matters, Manos Mastromanolis specialises in bankruptcy and restructuring, while Melina Katsimi focuses on internal corporate restructuring issues. The team regularly draws on its expertise from corporate, M&A and dispute resolution teams.

Praxisleiter:

Prokopis Dimitriadis; Constantinos Lambadarios; Manos Mastromanolis


Weitere Kernanwälte:

Melina Katsimi


Referenzen

‚The firm stands out for its excellent knowledge of legal framework, flexible and commercially sensitive approach.‘

‚They are dedicated to offering excellent professional legal services.‘

Kernmandanten

Arcanus Trading


Hellenic Republic


Quest Holding


FTI Group


Euronet


Highlight-Mandate


  • Advised on an ICC arbitration for the Hellenic Republic concerning piercing the corporate veil and majority shareholder liability, securing a €150 million award for the State and dismissal of a €2 billion counterclaim.
  • Advised FTI Group on the insolvency filings of Greek subsidiaries of Europe’s third-largest tour operator, coordinating with German administrators and addressing corporate, bankruptcy, and employment law issues.
  • Advised Arcanus Trading on a special liquidation involving complex issues around the legal status of crypto-assets used as collateral in margin trading.

Norton Rose Fulbright

Often representing lenders, Norton Rose Fulbright is well‑placed to advise on multi-jurisdictional, large‑scale restructuring transactions. The team predominantly acts for major financial institutions and corporates, handling special liquidations, creditor plans, reorganisations, and bankruptcy issues. Leading the practice, Yianni Cheilas divides his time between London and Athens and is highly experienced in distressed debt and enforcement matters. With expertise in banking and corporate law, Vassilis Koroxenidis is also a key contact within the team and has recently been involved in NPL portfolio matters.

Praxisleiter:

Yianni Cheilas


Weitere Kernanwälte:

Vassilis Koroxenidis


Kernmandanten

Alpha Bank


Citibank NA


Eurobank Ergasias SA


Piraeus Bank SA


Credit Suisse


Commerzbank AG


National Bank of Greece


Citibank International plc


DNB NOR Bank ASA


Highlight-Mandate