Cuatrecasas has advised VAV Group on the sale of its production unit in the context of bankruptcy proceedings.
VAV Group had more than 20 years’ experience providing all kinds of audiovisual services, with specialised personnel and technical equipment, through its different business lines: broadcasting, studios, engineering, audiovisual and digital. It operated both in Spain and internationally.
This deal means the culmination of comprehensive advice on insolvency and restructuring matters that began several years ago, as the company had been advised by Cuatrecasas in a previous phase of insolvency proceedings, where its liabilities were restructured through a creditors’ agreement.
Through the process of selling the production unit in bankruptcy proceedings, VAV Group can provide a solution to the breach of its agreement, extract and preserve the value of its business and guarantee the viability of its activity, maintaining all the jobs of its employees.
The team from Cuatrecasas advising VAV Group was formed by the partner, Fedra Valencia (pictured) and the senior associate, Javier Sanz.