Economou & Co LLC is proud to announce the successful conclusion of a landmark restructuring of debt for a prominent multinational conglomerate. The project, which involved a Cypriot debtor, had a substantial value of over USD 700,000,000 underscoring the magnitude and complexity of the undertaking.

Our team's role in this high-profile transaction was pivotal, providing comprehensive legal advisory services from inception to completion. In collaboration with our esteemed colleagues from leading law firms in the United Kingdom, Ukraine, Poland, and Hungary, our team delivered a composite and multifaceted approach to ensure the successful restructuring of the intra-group loans across all jurisdictions involved. Our team’s involvement included:

• Strategic Structuring: Recommending the optimal structuring for the assignment of claims to ensure a seamless and efficient process.
• Legal Documentation: Drafting and reviewing extensive and complex agreements both with a Cyprus and a foreign element, and advising on the drafting of ancillary documentation, ensuring all legal aspects were thoroughly covered and compliant with international standards and regulations.
• Advising on the validity and enforceability: Preparing an authoritative legal opinion on the validity and enforceability of the assignment and the capacity of the signatories, providing our client with robust legal assurances.
• Representation of the client before all competent authorities: Upon closing the deal, our firm adeptly represented the assignee before the Official Receiver.

This project was not only significant due to its financial magnitude but also due to the complex international legal landscape it navigated. Our team's ability to collaborate effectively with international partners and manage multifaceted legal challenges was crucial to the project's success.

The successful restructuring of these intra-group loans also highlights Economou & Co LLC's unparalleled expertise in handling complex international transactions. Furthermore, it demonstrates our unwavering commitment to delivering exceptional results for our clients. We are proud to have played a central role in this major financial restructuring, reaffirming our position as leaders in the field of corporate and international law.

For more insights or to discuss how we can support your legal and financial restructuring needs, please feel free to contact us.