Restructuring & Insolvency Newsletter - December 2019 | News and events

Article on definition of productive unit in an insolvency context

On July 19, Diario La Ley published an article by our principal associate Carlos Lama on Concepto de unidad productiva en el ámbito concursal (Definition of productive unit in an insolvency context).

Garrigues contributes to new issue of journal Revista de Derecho Concursal y Paraconcursal

Adrián Thery, Juan Verdugo and Andrés Gutiérrez all contributed to the latest issue of the journal with articles on Directiva de reestructuraciones, capitalización de créditos y gobierno corporativo (Restructuring Directive, debt-for-equity swaps and corporate governance) [Thery], Inmunidad de pagos por tercero y garantías cruzadas contextuales: ¿una capa más, o menos, de “blindaje concursal”? (Comentario a la STS (Sala 1ª), de 19 de diciembre de 2018) (Immunity of third party payments and contextual cross collateralization: one more, or less, layer of insolvency protection? (Commentary on the Supreme Court judgment (Chamber One) of December 19, 2018)) [Verdugo], together with adaptations to Spanish of the works of Italian authors Rordorf and Falcone [Gutiérrez].

Convention on legal mechanisms in the twenty-first century, organized by  Superintendencia de Sociedades de Colombia

Garrigues partner Adrián Thery took part on October 11 in Bogota (Colombia) in a panel on the subject of company rescue in judicial reorganizations to produce competitive, productive and lasting companies, within a convention on legal mechanisms in the twenty-first century (Instituciones jurídicas en el siglo XXI), organized by the Colombian government’s supervisory authority for companies (Superintendencia de Sociedades de Colombia).

New investors’ guide 'Distress transactions in Spain: A brief investor’s guide to financing, asset, share and debt deals'

Thomson Reuters Aranzadi has published Distress transactions in Spain: A brief investor’s guide to financing, asset, share and debt deals, a guide for investors coordinated by Garrigues partner Juan Verdugo. Drawing on the experience collected by Garrigues over the years, the work helps purchasers, sellers and advisors in the distressed market use all the tools available to make the most of the Spanish distressed assets market.

Seminar on EU Early Restructuring Directive

On October 30, Adrián Thery took part in the roundtable on the subject of restructuring scenarios and duties of company directors in the Seminar on the EU Early Restructuring Directive 2019/2023 held at Universidad Complutense de Madrid.

Article on clawback actions in insolvency proceedings and how they could affect family group restructurings

On November 11, Garrigues senior associate Marina Lorente published an article entitled La acción de reintegración concursal y cómo podría afectar a la reestructuración del grupo familiar (Clawback action in insolvency proceedings and how it could affect family group restructurings) which is available here.

Seminar on new perspectives for real estate collateral

On December 12, Garrigues partner Borja García-Alamán and lecturers Andrés Gutiérrez and Iván Heredia took part in a seminar on real estate collateral to be held at  Spanish registrars’ association Colegio de Registradores de España, and co-organized by that institution and registration law unit Centro de Derecho Registral, at Universidad Autónoma de Madrid.