Insolvency and Business Recovery Services

Our Insolvency and Business Recovery Services support and advise from a legal perspective on the design, structuring and implementation of efficient and viable turnaround plans for financially distressed companies.

Our services may be provided alongside the dedicated PwC Deals-Business Recovery Services team.

Our range of services includes:

  • Legal assessment of options under the pertinent Greek regulatory framework;
  • Support during negotiations between stakeholders;
  • Drafting of required procedural and transaction instruments, including rehabilitation agreements, court petitions and any definitive corporate or contractual documentation required in the context of the opted process; 
  • Litigation support during court proceedings;
  • Legal support and advisory services during the implementation phase of the business recovery plan.

Successful business recoveries generate viable businesses, contribute to economic stability and bolster business sustainability indexes, while releasing human resources and capital tied-up into distressed situations.

Our clients, which include institutional creditors, investors and stakeholders of distressed assets, can benefit from the new tools provided by the reformed Greek insolvency framework, opting for the restructuring process/mechanism which is better suited to serve their particular business needs and requirements.

Our portfolio of recent transactions includes:

  • Advising the lender on the sale process of a distressed Greek online media company;
  • Advising the potential investor of a large manufacturing company under a special liquidation regime for public interest companies;
  • Supporting the investor of a distressed packaging manufacturer on a pre-pack bankruptcy rehabilitation process;
  • Advising Greek banks and the appointed Administrator-Insolvency Practitioner on the Special Administration process, pursuant to L. 4307/2014, of a Greek real estate company;
  • Advising the key stakeholder of a major industrial company on potential corporate and debt restructuring options.
altt

Contact us

Antonis Gkiokas

Legal Services Manager

Tel: +30 21 0687 4012

Follow us