Sotiriadis: “A specialist legal firm is essential to ensure the implementation of your investment in Greece”

For almost 10 years Serafim Sotiriadis and Associates has dealt with various clients and has succeeded to facilitate the restructuring and reorganization of some of the most important companies in Greece. Serafim Sotiriadis, the Founder, is a graduate of Athens Law School and a member of the LAA since 2001. As a specialist in major debt restructuring and insolvency, Sotiriadis frequently lectures on corporate reorganization and the restructuring of bank loans, having been personally involved in some of the most significant cases to have taken place in Greece.

The firm has already established cooperation with an Israeli investing corporation that is interested mostly in the real estate sector in Greece. In fact, the real estate market in the country is booming right now with great opportunities arising in all of the real estate sectors from housing to hotels. “It has to be noted that a huge part of the arising opportunities in the real estate market comes from the auctions that are massively taking place right now in the country. This has been induced by the recent transfers of the Non-Performing Loan (NPL) portfolios from the Greek systemic banks to foreign investors, which have a profound motive to accelerate recovery actions more quickly than the banks did in the previous years” said Sotiriadis.

As a top corporate law firm that is specialized in all fields of corporate law, its purpose is to promote viable solutions for the clients, with a view to securing that they will make strategic choices that will allow them to further develop. “Even though important steps have been taken towards the digitalization of the market (for example Greece has inaugurated platforms such as e-auction, electronic land registry) that promote transparency, yet impediments might lead even to cancellation of an investment venture. An expert lawyer will assist the interested investors in avoiding mistakes, and coordinating all involving parties in a potential transaction. Finally, the investor should have a legal advisor that provides creative solutions for the realization and implementation of a transaction” explained Sotiriadis.