Since 2011 and the deepening of the Greek economic crisis, Kelemenis & Co. has developed a fully-fledged restructuring & insolvency team to deal with the increasing number of mandates relating companies in financial distress and/or in need of corporate and financial restructuring. The team deals with both bankruptcy and pre-bankruptcy procedures and can display a strong track record in regulatory, transactional and litigation matters. Our work covers a wide range of areas that involve:

• Corporate finance restructurings and reorganisations;
• Insolvency filing requirements and formal insolvency proceedings;
• Insolvency litigation;
• Distressed financing and reschedulings;
• Distressed acquisitions/sales;
• Out-of-court restructurings and refinancings;
• Debt restructuring and rescheduling;
• Distressed M&A activity; and
• Debtor advisory work.

The firm serves a broad range of clients, including lenders, borrowers, debtors, creditors, equity holders and asset purchasers.

Recent highlights include acting for:

• Colliers, the leading firm in global real estate, on all available options under Greek law for the restructuring of its Greek subsidiary.
• Shelman – the largest wood producer in Greece with production and commercial activities in Greece, Europe, the USA and Africa – in its restructuring and streamlining its various production and commercial entities.
• UK law firm Michelmores on corporate debt acquisition from major Greek banks.
• UK law firm Ashurst on the insolvency of a Greek borrower and the available options under Greek law.
• Italian shoes manufacturer Geox on a major claim against a Greek client under pre-bankruptcy procedures that are equivalent to the American chapter 11 proceedings.

Kelemenis & Co Law Firm Lawyers advise on all aspects of restructuring & insolvency for Greek and international clients.