Regional news: Spain

Codere’s English scheme sanctioned after creditor drops opposition

An English court has sanctioned a scheme of arrangement for Spanish gaming company Codere, after a Cayman creditor withdrew its opposition and voted to approve it.

06 October 2020

Creditors back Codere’s English scheme

Spanish gaming company Codere has secured creditor approval of its English scheme of arrangement, after overcoming opposition to its voting plans at a convening hearing earlier this month.

30 September 2020

Codere seeks US recognition of English scheme compromising New York debt

Spain's Codere has requested Chapter 15 recognition of an English scheme for the second time in five years, looking to use the British tool to restructure New York law-governed notes once again.

15 September 2020

Spanish gamer to hold single-class scheme meeting despite fees dispute

An English court has allowed COMI-shifting Spanish gaming company Codere to convene a single creditors’ vote on its scheme of arrangement, rejecting arguments that a group of noteholders would receive benefits that fracture the creditor class.

14 September 2020

Spanish gamer’s UK scheme faces class composition questions over fees

After completing a successful COMI-shift and English scheme in 2015, Spanish gaming company Codere is pursuing another English restructuring – but a disgruntled noteholder is opposing its plans to place creditors in a single class.

03 September 2020

Abengoa enters preliminary insolvency in Spain

Renewable energy group Abengoa has filed preliminary insolvency proceedings for part of its business in Spain, two weeks after entering a complex restructuring agreement with a group of investors and financial creditors.

19 August 2020

Community roundup: new recruits at Gordon Brothers, EY and Kirkland & Ellis

Gordon Brothers and EY have hired in Australia, Kirkland & Ellis and Thornton Grout Finnigan have recruited in Hong Kong and Toronto, and Quantuma and Freeths continue to expand in the UK.

20 July 2020

Spanish firm Abencys opens office in Argentina

Madrid-based boutique Abencys has launched a new office in Argentina, in association with local firm De la Vega Caldani Linares Luque & Eviner.

14 July 2020

Kirkland advising as Travelodge launches CVA following “ground-breaking” injunction

The UK’s largest independent hotel brand Travelodge has launched a company voluntary arrangement to reduce its rent bills, with Deloitte partners Ian Wormleighton and Dan Butters appointed as nominees.

09 June 2020

Spain

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05 June 2020

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