RATIFICATION OF €47 M. DEBT RESTRUCTURING
Our team achieved the ratification of a restructuring agreement in relation to the financial debt of our client, amounting to €47 million, thus saving our client more than €6 million (incl. reduction of 2-year payable interest towards the Greek State and Social Security Funds). The Multi-Member Court of First Instance ratified the agreement as proposed, whereas the creditors’ claims were dismissed in full. Following the ratification, our law firm is mandated to advise the client on the implementation of the restructuring agreement.
