A lack of trust is the recurring issue affecting current and planned infrastructure projects across Spain, says Antonio Navarro, finance partner with Broseta in Madrid.
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Among the initial responses to the financial crisis in Portugal and Spain was a strong emphasis on project and construction schemes, intended to inject liquidity and momentum into the national economies. New or long-awaited project
The European Commission has played a vital role in helping mitigate the impact of the financial crisis, say lawyers in Brussels, but issues continue to emerge and procedural flexibility can only help so much
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
Iberian lawyers in Brussels question the willingness of the European Commission to be flexible in the face of the continuing financial crisis.
