Work highlights

KBA Law Firm acted as legal advisor to a Greek independent servicer of non-performing loans on the extension and amendment of four bond loans of total value €38 million.

KBA Law Firm acted as legal advisor to a Greek independent servicer of non-performing loans on the implementation and amendment of 2 bond loans of total value €18 million.

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).