RESTRUCTURING & INSOLVENCY

Papapolitis & Papapolitis’ Restructuring & Insolvency practice is distinguished by a track record of successfully navigating lenders, financial sponsors, investors and corporations active in a diverse range of sectors in the financial restructuring and reorganisation of their businesses.
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We regularly advise lenders in corporate restructuring matters and enforcement of liquid and illiquid securities and fixed assets.

Through our firm's expertise in advising financial sponsors and investors in acquisitions of performing and non-performing loan portfolios from banks, we regularly focus and provide advice on enforcement proceedings, court restructurings and liquidation proceedings.

We concentrate on assisting our clients to achieve their commercial aims through practical and sustainable structures which are aligned with the increasingly complex legislation governing restructurings and workouts. Our in-depth knowledge of the local environment, coupled with our far reaching experience in international transactions, places us in an ideal position to assist in cross-border transactions which demand reconciliation of multi-jurisdictional legislation.

Our experience in this area covers industry sectors such as finance, leisure and hospitality, real estate, energy, infrastructure, gaming, food, technology and telecoms.

 
Papapolitis & Papapolitis is awarded the Greek Sustained Excellence Award by the International Hedge Fund Awards 2013.
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March 2014
BlackRock Solutions in its Diagnostic Assessment of the Greek Banking System
A team led by Nicholas Papapolitis advised international advisory firm BlackRock Solutions in respect of their diagnostic assessment of the loan portfolios of a select group of Greek commercial banks following BlackRock’s engagement by the Bank of Greece. The assessment consisted of the four workstreams Asset Quality Review, Credit Loss Projections, Troubled Asset Review and Foreign Loan Books Review.
January 2014
Hellas Online in its Corporate Restructuring and Spin-Off of Businesses
Papapolitis & Papapolitis acted for leading fixed line and broadband services provider, Hellas Online, on the corporate restructuring of the company that led to the outsourcing of the Customer Operations, Retail Sales and Retention departments to third party providers. The successful completion of the corporate restructuring paved the way for over 450 employees to join the third party providers and enabled Hellas Online to focus on its core provision of fixed line and broadband services.
January 2013
PIMCO Europe in the Due Diligence of the Banking System of Cyprus
Papapolitis & Papapolitis acted for Pacific Investment Management Company (PIMCO) as Greek counsel, in relation to the independent due diligence of the banking system of Cyprus.
November 2012
First Business Bank in Debt Restructuring
We acted as lender’s counsel to First Business Bank in relation to the debt restructuring of a €15 Million shipping loan.
June 2012
A US Investor in the Insolvency of a Credit Institution
We acted for a leading US investor in relation to the implications of the insolvency of a credit institution under the Greek legal framework.
June 2012
BVIC in Relation to a Debt Restructuring
We acted for Babis Vovos International Construction, a company listed on the Athens Exchange, in relation to a major debt restructuring transaction with a number of Greek banks. Houlihan Lockey (Europe) and Axia Ventures Group acted as the Company’s financial advisors.
May 2012
A Consortium of International Investment Banks on Enforcement of Collateral and Insolvency
We acted for a consortium of lenders made up of international investment banks in relation to the enforcement on collateral and advised on the legal framework governing insolvency of a group of companies under Greek law.
April 2012
Greek Coffee Company in their Restructuring
We acted for the Greek Coffee Company in relation to its restructuring and successful inclusion in the Art.99 protective measures.
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