Restructuring & Insolvency Newsletter - October 2018 | News and events

Garrigues partner Juan Verdugo analyzes the recovery of non-performing loans in light of the recent decision by the Directorate-General of Registries and the Notarial Profession (DGRN) on issuing enforceable copies of public deeds

In an article published by Aranzadi entitled Reflexiones sobre la resolución de la Dirección General de Registros y Notariado de 28 de junio de 2018 sobre la emisión de copias ejecutivas de escrituras públicas (Reflections on the decision by the Directorate-General of Registries and the Notarial Profession on June 28, 2018 on issuing enforceable copies of public deeds) our partner discussed the DGRN’s new interpretation on issuing enforceable copies of public deeds and its impact on the NPLs (non-performing loans) market. We explained this in our previous issue.

The FIDE foundation (Fundación para la Investigación sobre el Derecho y la Empresa) invited our partner to open a conference on October 1, 2018 on the DGRN’s new decision on enforceable instruments, addressed to explain the relevance of this new interpretation which concerns notaries.

Garrigues takes part in the main domestic and international restructuring and insolvency events

The Garrigues R&I department’s professionals have taken an active part in recent months in the main domestic and international R&I events.

Garrigues partner Adrián Thery spoke on a panel on the theme of NPLs: a solution or a mistake at the Insol Europe 2018 Annual Congress held in Athens (Greece) between October 4 and October 7 2018.

And partner Juan Verdugo took part in the 9th Restructuring & Insolvency Forum held in Biarritz (France) on September 13, 14 and 15, to discuss the latest trends in cross-border insolvencies.

Juan Verdugo also spoke at the European Restructuring Meeting: Brexit implications, a conference held in London on September 21, at which he analyzed, alongside other European firms, the impact on cross-border insolvencies of the various Brexit alternatives.

Carlos Lama (principal associate in the R&I department) spoke on September 14 at a conference held by foundation Fundación para el Conocimiento madri+d on mentoring for distressed companies. The conference focused on insolvency and pre-insolvency mechanisms, early warning signs of insolvency and measures for overcoming it.

Our partner Adrián Thery will speak at the Congress on Reestructuraciones de sociedades de capital en crisis. (Perspectivas europea y latinoamericana) (Restructurings of capital companies in crisis -European and Latin American perspectives) to be held on November 5 and November 6 in Madrid with a presentation on Extensión y arrastre de acreedores. División en clases (Extension and creditor cram down. Division in classes) Our colleague Iván Heredia will also speak at the Congress on Third party releases in cross-border restructurings.

Adrián Thery will also speak at XIV Congreso del Instituto Iberoamericano de Derecho Concursal (15th Congress held by the Iberian and Latin American Institute for Insolvency Law) to be held between November 7 and November 9 in Malaga with The World Bank, UNCITRAL and the International Association of Restructuring, Insolvency & Bankruptcy (INSOL) among its participants. The subject will be Una visión comparada de la insolvencia (A comparative view of insolvency).