Our firm successfully represented a Greek hotel company owning two 5* hotels before the Multi-Member Court of First Instance in relation to a debt restructuring of approximately €68 million. Among the key benefits of the restructuring agreement ratified by the court, is remarkable deleveraging, including unsecured creditors’ haircut up to 80%, improved liquidity for our client with a supplementary amount of €11 million to fund its business needs as well as restructuring-related expenses, reduction in interest cost and extension of the maturity of the company’s existing indebtedness for more than 10 years. Following the ratification, our team regularly provides legal support to our client in connection with the implementation of the terms of the restructuring agreement.
Our team advised a Greek hotel company owning a 5* hotel with respect to a €47 million debt restructuring, via a pre-packaged plan (implementation of art. 106b of Greek Insolvency Code).
Our team successfully represented a Greek hotel company before the competent tax authority achieving an out-of-court haircut of outstanding debts of €3 million.
Our team advised a Greek hotel company on a €14.5 million debt restructuring, via a pre-packaged plan (implementation of art. 106b of Greek Insolvency Code).
KBA advises on a regular basis a Big-4 accounting firm on complex issues in relation to restructuring involving the implementation of articles 99 sub. of Greek Insolvency Code.
Our team acted as the legal advisor on the acquisition of a fast-moving consumer goods distributor based in Southeastern Europe by a leading group active in logistic services, consumer goods distribution, pharmaceutical products and trade marketing.
Our firm advised a leading hotel group on the restructuring of its debt valued at approximately €81 million. Specifically, our team played prime role in the negotiations with the main companies’ creditors and successfully represented the three companies of the group before the Multi-Member Court of First Instance, achieving the ratification of the restructuring agreements. Our team also advises the companies of the group on the implementation of the restructuring agreements.