Insolvency Institute

George Kelakos

George Kelakos's picture

Kelakos Advisors LLC
500 West Putnam Avenue, Suite 400 ,
Greenwich, 06830

T. 203-987-6107
F. 866-757-7102


Mr. Kelakos has over 34 years of experience as an attorney, trusted adviser to C-level management and a facilitator on US and cross-border insolvency, business reorganizations and debt restructuring, dispute resolution and M & A transactions in numerous industries. For the last 19 years, Mr. Kelakos has worked in operating, directorship and advisory roles for companies and subsidiaries centered in SE Asia and China. He has effectively leveraged a wide-ranging network of professional and business relationships in Asia to support his clients’ interests in legal and transactional matters.

Part of Mr. Kelakos’ focus has been on the monetization of patent assets-both in the US and internationally. and his efforts have resulted in the closing of over 30 buy and sell-side patent transactions. On the buy side, Mr. Kelakos has acted for large opportunistic patent aggregator firms and on the sell side, his experience includes the sale of a 3,500 plus patent portfolio to a SE Asia-based buyer for a well-known company to the recent sale of the OpenPeak IP assets for the Chapter 7 Trustee of that estate.

Prior to the formation of Kelakos Advisors LLC in 2006, Mr. Kelakos practiced US and international insolvency and business restructuring law with firms in Denver, Boston, Los Angeles and New York City, including as a founding partner of Boston-based, Cohn & Kelakos LLP, a business reorganization boutique, as Of Counsel to Heller Ehrman, LLP, Of Counsel to Salans (now Dentons) and as a partner of FSB Fisher Broyles, LLP. In Thailand, he served as the Managing Director of Bangkok-based Tonson Planners, Ltd. from 2000-2002, which provided advisory services to clients involved in the monetization of NPLs and NPAs and restructuring matters.

Selected list of international engagements

• Advising the President of a US-based technology company in the management of the company’s wind down of its Chinese and Israeli subsidiaries;
• Representing the interests of a US manufacturer of consumer goods on dispute resolution, commercial and M & A matters relating to operations in Thailand, Vietnam, Indonesia and China.
• Serving first as an advisor for a consortium of foreign lenders, then as the Managing Director and then “Planner” (bankruptcy administrator) of Thai operating businesses (Canadoil cases) engaged in the manufacture of large diameter specialty steel pipe and pipe fittings-including serving as a director of intermediate Spanish holding companies;
• Serving as the chapter 11 Trustee, thereafter as Plan Administrator and later as adviser for the creditors of a US public company (Terra Nostra Resources Corporation) with majority joint venture interests in steel and copper processing facilities in Shandong Province, China which ultimately culminated in the sale of the Chinese operations to the local joint venture partner and a significant distribution to Western creditors;
• Advising a European insolvency administrator in a high profile legal dispute with a SE Asian country on cultural, social and legal matters, which ultimately resulted in an out-of-court settlement of the dispute;
• Representing several mid-market Thai manufacturers of consumer products with respect to their claims in US chapter 11 proceedings;
• Advising the CRO of a US-based electronics manufacturer on matters relating to its Thai subsidiary;
• Representing the chapter 11 Trustee of a US company in the wind down and disposition of its Asian and European affiliates (Unifi Communications);
• Advising one of Thailand’s largest groups (CP Group) in the orderly wind down and disposition of their US affiliated operations, including the sale of their US operations to a strategic purchaser and subsequently, in their successful negotiations with the Assignee for the Benefit of Creditors to resolve disputes relating to the claims of SE Asian “insider” entities;
• Representing a large US-based real estate-focused fund on matters relating to due diligence activities for large distressed commercial and residential opportunities in Thailand.

Professional Memberships

Mr. Kelakos is a Founding Member of the International Insolvency Institute and serves as the Co-Chair of that organization’s Asia Pacific Committee. He has served as an official “observer” at UNCITRAL Working Group projects on cross-border insolvency and secured transaction law reform and as a delegate to meetings of the Forum on Asian Insolvency Reform held in Thailand and in Vietnam. Mr. Kelakos is a member of the Asia Transformation and Turnaround Association and in 2015, he received an award for the Turnaround of the Year. Mr. Kelakos is an active member of the American Bankruptcy Institute and has served as the Vice President of International Affairs, as a Board Member and Executive Committee of the Board, and as Chair of the International Committee. He is a frequent speaker/panelist at US and international conferences on the topics of ADR, Asia-based formal restructuring cases and workouts.


Mr. Kelakos is fluent in French and Italian, and can speak conversational Thai and Hebrew. He is currently studying Mandarin.


Brandeis University, B. A. in Politics cum laude 1979
University of Denver Sturm College of Law 1982.

Bar Admissions

Colorado 1982 (inactive)
Massachusetts 1985 (inactive)
New York 2003 (active)


45+ year external and internal martial artist and frequent instructor both nationally and internationally to selected experienced students and professionals.
Flamenco, rock and blues guitar-lead guitarist for the ABI’s “Indubitable Equivalents” since 2004 and lead guitarist for an all-insolvency professional band, the “Cramdowns”.

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