Elias Paraskevas Attorneys

II. Our practice

Our corporate reorganisation / restructuring and insolvency practice has been booming given the state of Greek economy. Our focus has inevitably expanded to cover long standing clients’ needs in the crisis-related fields of sovereign insolvency and debt restructuring including the likely ramifications in case of a Euro exit.

III. Indicative recent experience

• Advising key institutional investors on the over EUR 200 bn Greek PSI and holdout;
• Designing and implementing, together with many UK and US law firms, Greek disinvestment strategies (in- and out-of-court restructuring procedures and insolvency options, minimizing / avoiding director and shareholder liability) for major European and global household names;
• Acting for one of the top 10 shipping groups worldwide in the context of the biggest money laundering case in Greece involving the group’s restructuring, working together with local counsel in several jurisdictions;
• Acting on an ongoing basis as local counsel to a magic circle law firm advising the European subsidiary of a global financial conglomerate currently under English law administration, in the largest and most complex ever insolvency case globally and in connection with a multitude of claims and criminal proceedings initiated by various major Greek players active, among other, in the banking, health, construction and car industry;
• Advising a major local player in the fossil fuel sector on a EUR 65 mn bond loan issuance in the context of restructuring of a portfolio of loans given by almost all locally operating banks;
• Advising a European leader in the automotive sector on the restructuring of its Greek subsidiaries’ local dealers’ network before proceeding to massive disinvestment from the Greek market through a EUR 9 mn share deal that included restructuring of intercompany lending;
• Advising a major German clearing house on complex insolvency issues in connection with the application of specific clearing models to the offering of clearing services to Greek and non-Greek clearing members;
• Advising one of the world’s major alternative investment firms on insolvency matters arising in relation to a top-in-its-sector local listed company;
• Advising a top player in the local real estate sector in relation to the restructuring of its corporate management;
• Advising extensively one of the biggest US investment management companies on the impact of a corporate reorganisation on takeover and reporting requirements / investment restrictions in the local market;
• Advising various European and US financial institutions on the effects of local insolvency on various holding patterns of cross-border financial collateral and netting arrangements;
• Advising a leading German power generator manufacturer through the Hamburg office of a well-known UK law firm, as well as one of the world’s leading generics pharmaceutical companies, on all corporate aspects of their management realignment at their local establishments.