July 31, 2021

Volume XI, Number 212

Raphaela Constance Cotoulas

Raphaela Cotoulas has a wide range of experience in cross-border and domestic restructuring, insolvency, corporate rescue and distressed real estate matters. She has undertaken secondments at a private equity real estate investment fund and a global serviced office and co-working space provider.

Representative Experience

Raphaela has represented:

  • A global serviced office and co-working space provider in coordinating its continued internal restructuring in various European, Asia Pacific and African jurisdictions.

  • Exide in its internal group restructuring.

  • A lender in its role as a short-term liquidity provider in a distressed commercial mortgage-backed security (CMBS) product.

  • A leading financial institution in its creditor position of various distressed companies.

  • A fund in the securitization of short-term unsecured loans in certain EU jurisdictions.

  • A group of lenders in the restructuring of an Azerbaijani bank.

  • A Chinese property development company in its restructuring of five series of convertible notes through inter-conditional Cayman and Hong Kong schemes of arrangement and Chapter 15 recognition.

  • Northwood Investors in the acquisition of a majority holding in the €961 million French-listed Prime Office SIIC, CéGéREAL S.A., and a subsequent tender offer for the remaining shares; negotiated with various institutional investors, including AXA and GIC, in relation to a sale of shares; and advised on and negotiated advisory agreements and regularizing corporate governance measures to match Northwood’s requirements.

  • Northwood Investors in the acquisition and subsequent restructuring of the £635 million Highcross portfolio of UK regional commercial properties together with the related asset management platform, Highcross Strategic Advisers Limited.

  • Northwood Investors in several matters, including the purchase of various loans from Irish Bank Resolution Corporation and related acquisitions and refinancings of Diagonal Mar Shopping Centre in Barcelona, the Four Seasons Hotel in Prague and the offices at Heuston South Quarter in Dublin.

  • LDK Solar Co., Ltd., in its multi-jurisdictional restructuring of more than $700 million in offshore debt, believed to be the first judicially approved multijurisdictional debt restructuring of its kind for a China-based corporate group. This transaction was named "Finance Deal of the Year: Insolvency and Restructuring" by The Asian Lawyer and "Cross Border Deal of the Year, U.S. - Asia Region" by M&A Advisor.

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Articles in the National Law Review database by Raphaela Constance Cotoulas