Rafael X. Zahralddin

Rafael X. Zahralddin-Aravena is a Shareholder, Director and Chair of the firm’s Commercial Bankruptcy and Restructuring Department.

The firm’s Wilmington office concentrates its practice representing the interests of local, regional, national and multi-national businesses.

Mr. Zahralddin is a business lawyer who concentrates his practice in the areas of, commercial bankruptcy and restructuring, commercial litigation (including corporate, intellectual property and bankruptcy litigation), creditors’ rights, corporate law and entity formation, corporate counseling, international and comparative law, corporate compliance and related regulation, including under the Federal Corrupt Practices Act, commercial transactions, and cyber law. 

He is also a Six Sigma Greenbelt and has lectured and trained in-house and outside law firms in legal project management, lean practices, and Six Sigma application to value added provision of legal services.

Mr. Zahralddin has also represented a variety of businesses, including large privately held and publicly traded companies, including several established multi-national corporations, in commercial litigation, in disputes over licensing, privacy and cyber security laws, federal regulation of transportation, directors and officers liability, professional liability of consultants and other professionals, federal and state regulation over perishable goods, secured transactions, contractual disputes, cross border transactions, insurance (including political risk insurance), and distressed mergers and acquisitions in federal and state court. 

Mr. Zahralddin’s extensive experience as a commercial litigator also includes experience with the Uniform Commercial Code; Convention for the International Sale of Goods; creditors’ rights; construction; debt collection and enforcement of judgments; unclaimed property workouts, compliance, and litigation; lien rights, (including bonds and surety issues); admiralty; and tax liens; antitrust concerns for creditors, including the Sherman Act, Clayton Act, Robinson-Patman Act, and FTC Act; and cross border and international sales and financing issues.  Mr. Zahralddin has also litigated appeals in state and federal courts.

Mr. Zahralddin has represented a variety of constituencies in some of the largest bankruptcies in the United States, including a variety of individual creditors, creditors’ committees, equity committees, chapter 11 Trustees, and post confirmation trusts.

Mr. Zahralddin has represented statutory employee committees, most recently representing former Nortel ERISA plan participants and successfully securing their continued care and coverage throughout the insolvency proceedings and reaching and liquidating a settlement package of over $52 million for the disabled employees and their families.

Mr. Zahralddin’s debtor representations, while working for several nationally known debtors’ firms, have ranged from local businesses to large publicly traded companies. 

Mr. Zahralddin leads the firm’s representation as special litigation counsel to statutory committees and debtors, most recently for Washington Mutual, Inc., GWLS Holdings, Inc. (Greatwide), and Qimonda Richmond, LLC, and AgFeed bankruptcies.

He has provided corporate legal counseling to entities ranging from small and medium sized enterprises to publically traded companies, including advising and handling matters involving the Delaware Secretary of State in formation, compliance, and regulatory issues. 

He has also been active in distressed mergers and acquisitions, federal and state court receiverships, and in the merger of insurance companies.

Elliott Greenleaf’s success in its representation of the Official Committee of Equity Security Holders in AgFeed USA, Inc. resulted in it being named among the firms that received the M&A Advisor Turnaround and International M&A Advisor awards for: 2014 M&A Deal of the Year (Over $50mm to $75mm); Agriculture Deal of the Year; and Sec. 363 Sale of the Year (Over $50mm to $100mm) in March 2014.

The firm and Mr. Zahralddin, also received the Large Company Transaction of the Year Award in 2014 from the Turnaround Management Association, a global non-profit organization comprised of turnaround and corporate renewal professionals.

He has held various leadership positions in the American Bar Association, including in the Business Law Section and the Section of International Law.

He is currently Co-Editor of the Reorganizing Failing Businesses treatise published by the American Bar Association where he is also a co-author for several chapters, including chapters on creditors and equity shareholders committees, employee issues, and corporate governance and fiduciary duties in a distressed situation.

He has also held various leadership positions within the American Bankruptcy Institute, including Co-Education Director for the ABI International Committee and as an Advisory Board Member for the ABI Cross-Border Insolvency Conference.

Mr. Zahralddin is a member of the National Association of Corporate Directors where he is a Governance Fellow.  He is a 2015 Leadership Council on Legal Diversity Fellow and member of the Fellows Alumni Executive Committee.

He is also a Fellow of the American Bar Foundation (Membership in The Fellows is limited to less than one percent of lawyers licensed to practice in each jurisdiction).


Serafim Sotiriadis

Leaders in Law endorses Serafim Sotiriadis as our exclusively recommended Corporate Restructuring Law expert in Greece. If you wish to get in touch with Serafim please use the contact information provided above.

The founder of the firm, and its inspiration, Serafim Sotiriadis, is one of Greece’s leading experts in the fields of Bankruptcy Law and Business Restructuring Law. Widely acknowledged as a trail blazer in his field, he has established himself as a one-of-a-kind personality in these areas and linked his name to some of the most important cases followed by Greek society at large. He is a regular plenary speaker at key conferences and colloquia on Business Reorganization Bank Loan Restructuring. That our firm is now one of those driving innovations in the legal sector is largely down to his efforts and expertise.

Firm Description:

Our people

Our firm operates as an organic whole, with each section and department collaborating harmoniously with every other. Our 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, we have an excellent working knowledge of English, French, Italian and Spanish. Equipped with an all-round knowledge of the law, our 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.

Our clients

Our 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 our expertise, a number of lawyers and legal firms entrust their clients to us in cases relating to the areas in which we specialize.


Every case is unique and requires its own unique and specialized approach. We don’t apply legal ‘recipes’ and pre-formulated solutions. We methodically examine the facts in each case and bring the expertise of the whole team, in every area of the law, to bear on it. Which means our clients benefit from an effective, holistic approach to every facet of their legal affairs.


We are against the common practice of dragging legal cases out interminably. We prepare for cases intensively, act directly and methodically, and take decisions dynamically, as and when they are required. But we will never sacrifice quality on the altar of immediacy.


We place ethics above every other code of legal practice.

What Makes Us Unique

The unique quality of the services rests on three pillars:

  • Innovation:As a member of the International Bar Association (IBA) and the International Advisory Group (IAG), we attend all their crucial international seminars and conferences. This means we stay up-to-date with the latest legal and business trends before they get to Greece. Our people’s commitment to their continued professional development translates into cases won and increased prestige for our firm.
  • Thoroughness:In a volatile global business and legal landscape, our ISO 9001: 2008 certification means you can have complete confidence in our firm’s Quality Management System. The security we apply in our document management and handling is based on the most demanding international standards for effective client-lawyer communication.
  • Breaking new ground:Over the years, our legal triumphs have served to shape the Law itself. The court’s judgements in favour of our clients serve as precedents and help pave the way for new approaches to legal issues.