Allen & Overy, White & Case and Cleary Gottlieb Steen & Hamilton have all taken key roles on a new €130bn (£109bn) Greek bailout agreement in the country's latest attempt to avoid a catastrophic default, reports The Am Law Daily. The new bailout deal has seen private sector investors holding portions of the country's sovereign debt agree to take further losses in return for government-imposed austerity measures.
February 22, 2012 at 04:19 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O), White & Case and Cleary Gottlieb Steen & Hamilton have all taken key roles on a new €130bn (£109bn) Greek bailout agreement in the country’s latest attempt to avoid a catastrophic default, reports The Am Law Daily.
The new bailout deal has seen private sector investors holding portions of the country’s sovereign debt agree to take further losses in return for government-imposed austerity measures.
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