Koutalidis awarded for the "Debt and Equity Linked Transaction of the year 2013" by IFLR


KLF was one of the firms awarded by the IFLR for the “Debt and Equity Linked Transaction of the Year 2013” for the work in PSI2. Koutalidis Law Firm advised the Steering Committee of creditors in PSI2, formed to act as a forum for developing or discussing proposals for a voluntary private sector involvement (“PSI2”) in achieving debt sustainability for the Hellenic State in the context of the agreement of October 26/27 2011 reached with Euro Area leaders. The Steering Committee was co-chaired by Messrs. Charles Dallara of the Institute of International Finance and Mr. Jean Lemiere of BNP P. The transaction which involved the exchange of Euro206bn sovereign debt instruments, was completed early in April 2012 and is the largest and most completed debt exchange transaction organized ever.