Serafim Sotiriadis

Serafim Sotiriadis, founder of Serafim Sotiriadis and Associates Law Firm, is a graduate of Athens Law School and a member of the LAA since 2001. As a specialist in major debt restructuring and insolvency, he frequently lectures on corporate reorganisation and the restructuring of bank loans, having been personally involved in some of the most significant cases to have taken place in Greece. Serafim has extensive experience in bankruptcy processes and extrajudicial loan renegotiation, as well as judicial experience in defending cases related to financial white collar crimes. He provides international and Greek legal and tax advice to foreign law offices and corporations concerning cross-border buyouts, real estate ownership, investments in listed Greek companies, and the establishment of foreign companies, subsidiaries and branches in Greece. Serafim Sotiriadis also offers assistance with international real estate transactions and acquisitions of “golden visas”.

Our People:

Serafim Sotiriadis and Associates Law Firm provides a wide range of legal and business services, specializing in commercial law, insolvency law and business restructuring and recovery. An expert team of legal and business advisors provide high-quality, high-tech services to both Greek and international clients. The firm operates as an organic whole, with each section and department collaborating harmoniously with every other. All people are extremely well-qualified and experienced lawyers, finance experts and business consultants with a profound and comprehensive knowledge of their respective fields. As a firm, has an excellent working knowledge of English, French, Italian and Spanish. Equipped with an all-round knowledge of the law, firm’s experts can offer sound integrated solutions and advice in legal and business issues covering Bankruptcy and Business Restructuring Law, Commercial, Civil, Corporate and Criminal Law, both in Greece and internationally. The firm was the first law firm in Greece to successfully submit and ratify a “rehabilitation agreement”, which has served as a reference point for those that followed and also provides international and Greek legal and tax advice to foreign law offices and corporations concerning cross-border buyouts, real estate ownership, investments in listed Greek companies, and the establishment of foreign companies, subsidiaries and branches in Greece.

Our Clients:

Serafim Sotiriadis & Associates law firm clients include major banks, leading construction and commercial concerns, energy companies, clothing and furniture manufacturers, shipbuilders, investment groups, craft businesses and a number of investors and funds with a Greek presence. Due to the unique nature of expertise, a number of lawyers and legal firms entrust their clients to the firm in cases relating to the areas in which they specialize.

Phil Smith

With experience across a broad spectrum of industries and a proven track record at giving clear, constructive advice to stakeholders, Phil’s reputation for results precedes him. His history in finance and ACIB qualification have permitted him to provide successful restructuring and turnaround advice to both companies and financiers for many years.

Career History:

  • Began his career in 1979 as a corporate banker with Barclays
  • Moved to Hill Samuel/TSB in 1991 to head up the National Corporate Restructuring and Recovery team which included 250 managers.
  • Partner for Horwath Clarke Whitehill & Co; Tenon and Begbies Traynor.
  • Jointly founded Moorfields Advisory Ltd. in 2008 (formerly known as RSM Bentley Jennison & Co LLP).

Selected Projects:

  • Northern Based Print Group 500 Staff, £30m turnover. Advised bank on exit strategy and subsequent administration.
  • ISL Group of Companies UK arm of ISL, the FIFA marketing agency, dealt with film rights to World Cup Tournaments.
  • Candlemaker £25m turnover, 15 branches throughout the UK.
  • Chemical plant £30m turnover, chemical plant in Castleford. 300 acre site, 400staff, £11m secured debt.
  • National Engineering Group £40m turnover group and market leader. Advised lender prior to their lend and also subsequently re turnaround strategy.
  • Carpet manufacturer Carpet manufacturer based in Barnsley, 200 employees, £25m turnover.
  • Southern Based Pub Group Advised management team regarding restructure of this 15 pub chain.
  • German Nickel company Transfer of Comi from German to UK. Coin manufacturing company based in Ruhr, CVA in Germany. Bond holder owed £300m.
  • Retail Group Reviewed major retailer for lender and dealt with the insolvency including business sale.

Firm Overview:

At Moorfields, we understand that any business – no matter what its size – can experience a reversal in fortune. We also know that when things are taking a turn for the worse, innovative thinking is as important to your survival as capital. And that’s exactly what we offer.

We’re business owners ourselves, so we know all about the pressures of trying to keep your stakeholders happy. We’ve also got years of experience in the world of finance, so we know a thing or two about keeping companies afloat.

But our innovative thinking isn’t just about expert business advice. It’s about breaking the mould of insolvency and rescue practitioners: helping you through your problems, treating you like a human being, and actually understanding exactly what you’re facing.

We’ll never surprise you with last-minute charges, because our fees are totally transparent (and actually quite affordable). We’ll also never try to force you into a one-size-fits-all solution. Because we get it: your business is unique.

Finally, we’ll never back out when the going gets really tough. We do what we say we’ll do. And whatever happens with your business, we’ll be here to help you every step of the way.