The ‘very well-rounded’ team at POTAMITISVEKRIS provides ’skilled and efficient’ advice to stakeholders across the gamut of restructuring and insolvency matters. Having been involved in almost every strategically important restructuring in Greece during the past decade, the team is able to leverage a significant amount of institutional know-how, and is consequently able to provide best practice advice, both in the context of out-of-court restructurings as well as those requiring judicial input. Drawing upon ‘an in-depth knowledge of the law’, in part due to his integral role (alongside Alexander Metallinos) in drafting the Greek Bankruptcy Code, team head Stathis Potamitis provides ’very insightful’ advice to debtors seeking to successfully restructure, including through the execution and implementation of a rehabilitation agreement. Vassilis Stergiou  is ‘extremely knowledgeable’ and also has a focus on advising debtors and creditors on restructuring and refinancing plans and negotiations. At associate level, Konstantinos Rachianiotis has ’deep legal knowledge’ across a range of pre-insolvency and insolvency proceedings and regularly works with Potamatis and Stergiou in rehabilitation proceedings.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The team displays an excellent knowledge of the legal framework and exhibits a superb follow up with the local judicial system and bureaucracy.'
  • 'It is a very well-rounded team.'
  • 'All members of the team were very skilled, efficient and willing to provide assistance even on a very short notice.'
  • 'Stathis Potamitis has an in-depth knowledge of the law and is very insightful.'
  • 'Vassilis Stergiou is exceptionally knowledgeable.'
  • 'Konstantinos Rachaniotis knows deeply the banking law, he can predict any danger, he presents every legal aspect- the advantages and disadvantages- so I feel safe to take the best business solution.'
  • 'Konstantinos Rachianiotis has deep legal knowledge, he is honest and trustworthy. He understands client’s situation well and quickly translates into legal dealings.'

Key clients

  • Hellenic Ministry of Finance
  • Folli Follie
  • Agricultural Bank of Greece Liquidator
  • PWC
  • Hellenic Post Bank Liquidator
  • Alpha Bank/Cepal
  • Bank of Cyprus
  • Piraeus Bank / Intrum
  • EBRD
  • Eurobank/Dovalue
  • DIAS Aquaculture
  • Varangis Societe Anonyme
  • Farallon Capital Management LLC

Work highlights

  • Advised the court-appointed Board of Directors of Folli Follie Group in the negotiation and execution of the rehabilitation agreement, which was ratified by the Bankruptcy Court of Athens in 2022 and is still being implemented.
  • Advised Farallon Capital in the restructuring of Euromedica healthcare group. The rehabilitation agreement was ratified by the Bankruptcy Court of Athens and the implementation of the transaction followed.
  • Advised Varangis AVEPE on its attempt to restructure and transfer the business. The Bankruptcy Court of Athens ratified the rehabilitation agreement and the completion of the transaction through the transfer of the business to a new viable entity has been concluded.

Lawyers

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Stathis Potamitis

Other key lawyers

Vassilis Stergiou, Alexander Metallinos, Konstantinos Papadiamantis, Konstantinos Rachianiotis, Eleana Baya