Lee Buchheit, a Cleary Gottlieb Steen & Hamilton corporate and international finance partner known to many struggling sovereigns, has been retained by the Hellenic Republic as it puts together a massive debt buyback plan.

Greece is currently enacting a set of controversial austerity measures and other financial reforms after reaching a $157 billion economic rescue accord in late July with European leaders. The bailout package is aimed at staving off a complete collapse of Greece’s economy — an event that could bring financial ruin to some of Europe’s biggest banks.

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