Restructuring/Insolvency: Restructuring
Europe Guide 2024 : Spain
Band 3
Email address
[email protected]Contact number
+34 91 436 04 20About
Provided by Pérez-Llorca
Pérez-Llorca’s Restructuring and Insolvency team has multidisciplinary experience in different practice areas such as finance, corporate law, employment law and litigation. This enables us to have a complete understanding of our clients’ difficulties, and therefore give complete advice.
We advise national and international companies operating in the main sectors of the economy, both on the creditor side in defence of their interests, and on the debtor side, with the primary objective of overcoming economic difficulties. Our clients include debtors, national and international financial institutions, investment funds, private equity funds and commercial creditors.
Our insolvency and pre-insolvency proceedings advice includes:
- All kinds of judicial proceedings, including subordinated claims, at all stages of the insolvency proceedings
- Diagnostics on the insolvency situation and developing a debt refinancing process
- Restructurings and insolvency agreements
- Company liquidations, particularly on the business unit sale process
- Asset sale transactions in the context of a crisis or insolvency, to asset buyers (within or outside of insolvency proceedings) and to sellers, shareholders and directors
Chambers Review
Pérez-Llorca comprises experienced practitioners serving a notable international and domestic client base. The law firm boasts a strong presence in the restructuring space, with activity on large and complex transactions. The team acts for banks and other creditors on the protection of their financial interests in contentious insolvency matters, as well as assisting domestic and local investors with the acquisition of insolvent business units.
Work Highlights
- Pérez-Llorca advised the shareholders of Volotea, a European flight booking company, on a EUR210 million investment into the company that combined covid rescue financing from the Spanish state, via SEPI, and profit participating loans from the shareholders.
Strengths
Provided by Chambers
"We had an extremely complex transaction and they engaged different partners from different departments to help with that complexity. They were 100% responsive at all times. They were very strong across different departments."
"They had very good reactivity and understanding of our stakes as a client."
"We had an extremely complex transaction and they engaged different partners from different departments to help with that complexity. They were 100% responsive at all times. They were very strong across different departments."
"They had very good reactivity and understanding of our stakes as a client."
Notable Practitioners
Javier García Marrero's insolvency practice benefits substantially from his previous work as a commercial judge. He has experience in bankruptcy proceedings and handles M&A deals within an insolvency context.
Juan Oñate advises clients on M&A relating to pre-insolvency and insolvency situations.
"A strength of Juan's is his unbiased focus on protection. He did not look to be 'too commercial', he was very focused on highlighting to us the risks of the financing and his concerns - this is exactly what you want in a restructuring adviser."
"He is exceptional. He has a lot of technical knowledge and he has a lot of knowledge of negotiating. He has experience with very complex and difficult matters, both in court and financially. He communicates well."
"Juan is a very good lawyer. He's experienced, reliable, trustworthy, technically very correct, very well rounded."
Laura Ruiz is a key member of the firm's insolvency team and assists clients with the sale of business units and other distressed assets. She has additional experience in insolvency litigation.
"I enjoyed working with Laura. She is calm, collaborative, and communicative. She kept us all in the loop. "
"Laura has great responsiveness."
"I was impressed by Laura. She was sensitive to our issues. She was a very reassuring and practical intermediary."
Ranked Lawyers at
Pérez-Llorca
Spain
Members
Provided by Pérez-Llorca
Fernando Quicios
Head of Department
Javier Izquierdo
Head of Department
Julio Parrilla