Restructuring/Insolvency: Restructuring
Europe Guide 2024 : Spain
Band 1
Contact number
+34 91 514 5200Chambers Review
Garrigues is a prestigious national outfit with an experienced team composed of several insolvency experts. The law firm represents both debtor companies and creditors in insolvency proceedings, including high-profile matters in which creditors challenge liquidation plans, as well as defending directors' liability cases brought by insolvency administrators or creditors. The team enjoys a strong presence in top-tier restructuring mandates, often assisting Spanish banks, international private equity funds and insurance companies with the protection of their creditor interests in ailing Spanish companies. Corporate debt refinancings and acquisitions of interests in distressed companies are additional areas of expertise.
Work Highlights
- Garrigues advised SAREB on litigation arising from a EUR3.4 billion syndicated loan in connection with the insolvency of Reyal Urbis.
Strengths
Provided by Chambers
"They have really been excellent and thanks to them we have come out ahead in a very complicated bankruptcy. There are many professionals and each of them is excellent in their area."
"They have a high knowledge and experience of the local regulatory market and adapting to the specific needs of the client. They are a 100% dedicated team that gives quick and flexible responses to customer needs."
"It is a great multidisciplinary team that achieves several approaches to solve any problem, taking into account the delicate situations that the company is going through. They always achieve a high level of detail in the infinite number of concepts they deal with and they also coordinate excellently with other departments of the firm. They always take into account the economic and financial situation of the company in bankruptcy."
"The Garrigues team knows and understands the company's interests and is always giving advice with those needs in mind. The Garrigues team gives highly qualified and high-quality advice based on ample experience and exquisite, very rigorous technical preparation. I'd highlight especially their ability to work as a team as well as their ability to design and defend strategies in court that are as precise and complex as necessary to help the client."
"The team has a tremendously practical mindset. They look for real solutions, not just theoretic ones."
"They have really been excellent and thanks to them we have come out ahead in a very complicated bankruptcy. There are many professionals and each of them is excellent in their area."
"They have a high knowledge and experience of the local regulatory market and adapting to the specific needs of the client. They are a 100% dedicated team that gives quick and flexible responses to customer needs."
"It is a great multidisciplinary team that achieves several approaches to solve any problem, taking into account the delicate situations that the company is going through. They always achieve a high level of detail in the infinite number of concepts they deal with and they also coordinate excellently with other departments of the firm. They always take into account the economic and financial situation of the company in bankruptcy."
"The Garrigues team knows and understands the company's interests and is always giving advice with those needs in mind. The Garrigues team gives highly qualified and high-quality advice based on ample experience and exquisite, very rigorous technical preparation. I'd highlight especially their ability to work as a team as well as their ability to design and defend strategies in court that are as precise and complex as necessary to help the client."
"The team has a tremendously practical mindset. They look for real solutions, not just theoretic ones."
Notable Practitioners
Adrián Thery has an excellent track record acting on insolvency proceedings on behalf of international conglomerates and local banks, with additional experience in significant debt restructuring and refinancing mandates.
"In the case of Adrián, he is a rare specimen who has a little bit of everything. He is one of the most technically advanced lawyers and has a lot of knowledge of both Spanish and international legislation. He gives imaginative solutions."
"He is very intellectual and cerebral, but always looking for how to implement the laws practically."
"He grasps complex problems easily and helps his clients navigate through difficult stakeholder issues. He is very personable. He is an excellent communicator and highly trustworthy adviser."
Borja García-Alamán has substantial experience in pre-bankruptcy processes and complex insolvency proceedings. This includes those involving directors' liability claims.
"Borja gives total availability. He understands the intersections with other areas of law and is always thinking ahead. He is reliable."
"Borja is very technically strong."
Juan Verdugo is well placed to advise on debt acquisitions, liquidation processes and insolvency proceedings, often representing creditors or bondholders.
"Juan is a very knowledgeable lawyer."
Ranked Lawyers at
Garrigues
Spain