Yannis Manuelides

Allen & Overy

Yannis is a London-based finance partner. He has recently been mandated to head Allen & Overy’s Sovereigns and International Institutions practice. Yannis has over 25 years’ experience in banking and finance transactions including project, corporate and leveraged finance, debt restructurings, securitisations and capital market transactions.

Yannis led the legal team which acted for the Steering Committee of Private Creditors of Greece on the EUR206bn debt restructuring of the Hellenic Republic (PSI). Prior to the PSI he helped the Hellenic Republic with the audit of its debt liabilities and also assisted in the Hellenic Republic's discussions with the Troika on the establishments of the Privatisations Fund and related policy.

Finally he worked on a number of ancillary transactions required to be put in place by number of different EU countries and European institutions as a precondition for rescue packages being made available to Greece.

Yannis is currently acting for sovereigns reviewing their overall debt arrangements and for clients considering specific aspects of proposals for a new Eurozone sovereign debt architecture.

Over the years Yannis has acted in a number of structured financings for supranationals and Eurozone sovereigns.

Yannis is a member of an ad hoc working group on GDP-linked bonds comprised of market participants and economists from the Bank of England to design market appropriate GDP linked bonds for sovereigns.

Yannis is a contributor to the current debates on sovereign and bank debt through advice, membership of special committees, lectures and thought-papers. He is also a member of the Sovereign Debt Committee of the International Law Association, of the Sovereign Debt working group of the Financial Markets Law Committee and of the IIF’s sovereign debt working group.