Work highlights

Our team successfully represented a well-established Greek hotel company owning a 5* hotel and a 4* hotel located in the island of Kos, before the Multi-member Court of First Instance of Kos achieving its debt restructuring of approximately EUR 40 million. Our team represented the company throughout the whole restructuring process, from the initial negotiations to the final submission and representation before the competent court. In connection with the main creditor, we achieved for our client an arrangement structured in three main tranches payable in 8 years with a reduction of more than 30 % of its total debt and a low interest rate. The competent court having verified the viability of our client’s business plan, ratified the agreement as submitted. Following the ratification, our law firm has been mandated to advise the client on the implementation of the rehabilitation agreement.

KBA Law Firm advised the shareholder of the company owning “Koufonisia Hotel & Resort” in connection with the sale of its 71,31% shareholding in Afoi Simou S.A., to Intracom Properties, a wholly-owned subsidiary of Intracom Holdings, a company listed on the  Athens Stock Exchange.

Koufonisia Hotel & Resort is the largest hotel on the Greek island, Koufonisia.

KBA Law Firm advised a Greek subsidiary of a well-established Norwegian Group active in the Greek plastics manufacturing industry on the acquisition of a single-name loan portfolio from a Dublin-based fund. Our team assisted the acquirer’s side in every phase of the transaction, such as drafting, negotiating and execution of all transactional documentation.

Our team advised SafeSize, the innovative retail tech company that is helping people find the perfect fitting shoes in physical and online stores, on raising €14 million in Series B funding with participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners.

SafeSize has pioneered a new way for footwear retailers to provide their customers with personalized shoe recommendations, strengthening its leadership position in the footwear virtual fit market. Through its proprietary technology, powered by AI, it matches consumers’ 3D foot data and personal preferences with the world’s largest shoe database to provide highly accurate and personalized shoe recommendations, in just a few seconds.

SafeSize powers the largest retailers in the footwear industry today, such as INTERSPORT, Decathlon, Sports Direct, HOKA, New Balance, Sketchers, Super Sports Xebio, CCC and Marks & Spencer helping them increase conversion, drive sales, build customer satisfaction, capture valuable data and at the same time reduce returns.

You may read the full announcement here.

Kontogeorgiou Bakopanou & Associates Law Firm acted as legal advisor of Kipriotis Group of Companies on the long-term lease of the five Kipriotis’ hotels located on the Greek island of Kos by the leading hospitality management and consulting group, Hotel Brain. 

Our team acted as legal advisor to the owner of a 5-star Luxury Collection hotel resort in Corfu for the complete refurbishment and subsequent lease of the property to one of the leading hotel management companies.