The issues being presented by clients to Iberia’s restructuring and insolvency lawyers remain consistent, but as the financial crisis evolves their relative weight in the equation might have changed, say many. Significant also has been the change in attitude of market participants. From an initial state of shock or even denial, a more pragmatic approach […]
The inflexibility of Spanish insolvency law is leading companies to look internationally for new jurisdictions from which to restructure their operations
Practical barriers have so far prevented signficant distressed debt sales in Spain but this may change over the coming months
The secretary plays a key role in the proper functioning of the Board. In principle, unless otherwise stated in the corporate by-laws or in the contract between the company and the secretary, the secretary’s
Given the current economic climate we have seen an increase in the concerns of shareholders, in particular parent companies or majority shareholders, to limit their liability for the debts of their subsidiaries and to ensure
Iberia has clearly not proved immune to the global downturn in M&A, say lawyers, with transactional and private equity both significantly down. But while companies may not be expanding, many are restructuring and refinancing
The current economic and financial crisis is raising issues that many companies may have never before experienced, says Pedro Rueda, partner at Araoz & Rueda in Madrid. While legal advisers need of course to understand their
Companies contemplating a sale or acquisition in the current business market need to understand that deal valuations and strategies that may have worked only a year ago are now totally outdated, says Fernando Torrente, cohead
Even in the midst of the current economic crisis, and fragility of many business sectors, with the right motivation deals can still be done, say Vanda Cascão and Sofia Barata of Vieira de Almeida (
Despite the collapse of highly leveraged private equity activity, start-up and venture capital investment remains active says Isabel Dutilh, managing partner of Dutilh Abogados in Madrid. But while investments rely much less on bank financing
