Regional news: Spain

No assets? No problem! Israeli trustee accesses UK concealment structure

The Israeli trustee of a property investor once rumoured to be Israel’s largest private bankrupt has persuaded an English court to transfer him the rights to a UK company believed to be at the top of a structure intended to hide German assets – though no assets have been identified as yet, even by private investigators.

08 April 2021

Hogan Lovells leads on €4.5 billion restructuring of French hotel operator

A long list of law and advisory firms have helped international hotel operator AccorInvest Group secure additional financing and complete a multi-jurisdictional restructuring of its €4.5 billion debt pile.

07 April 2021

Community roundup: Shearman & Sterling, Kroll, FTI Consulting and EY

Shearman & Sterling has continued its London expansion while FTI Consulting has strengthened its Madrid and Abu Dhabi offices, Kroll has promoted four new managing directors in the UK, and EY has hired in Bermuda.

01 April 2021

Fieldfisher hires new restructuring heads in Madrid and Barcelona

The Spanish arm of Fieldfisher has started to rebuild its restructuring group with hires in Madrid and Barcelona, after its long-time practice leader Agustí Bou joined BDO earlier this month with a six-person team.

25 March 2021

Spanish construction group wins English scheme meeting citing Gibbs

The Spain-incorporated holding company for an international construction and engineering group has secured a scheme meeting in London after failing to make €15.1 million of coupon payments on two sets of notes earlier this week.

18 March 2021

Hong Kong court blocks Spanish cosmetics maker’s winding-up petition

A Spanish cosmetics manufacturer has been prevented from bringing a winding-up petition against a Chinese partner company, after a Hong Kong court found there was evidence of a “genuine and serious” cross-claim following separate arbitration awards last year.

16 March 2021

New firm Kepler-Karst adds London university professor as counsel

Recently established Spanish insolvency boutique Kepler-Karst has hired sovereign debt expert Professor Rodrigo Olivares-Caminal, chair of banking and finance law at Queen Mary University of London, as counsel.

03 March 2021

Madrid courts decline to follow Barcelona’s lead on pre-packs

Weeks after the commercial courts of Barcelona issued a set of basic guidelines for conducting pre-packaged sales, the Madrid courts have declined to follow suit – refusing to deviate “one iota” from Spain’s Insolvency Act.

02 March 2021

Abengoa enters insolvency in Spain

Spanish and international firms are gearing up for what could be Spain’s biggest insolvency to date, after industrial conglomerate Abengoa’s top holding company filed a voluntary petition on Monday.

24 February 2021

Barcelona judges release pre-pack guidelines

Three months after approving Spain’s first pre-packaged asset sales, the commercial courts of Barcelona have issued a set of basic guidelines for conducting the process – and local lawyers tell GRR they expect other courts to follow suit.

01 February 2021

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