Garrigues

Restructuring/Insolvency Department

Spain
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What the team is known for Prestigious national firm with an experienced team comprised of insolvency experts. Represents both debtor companies and creditors in insolvency proceedings, including high-profile matters in which creditors challenge liquidation plans. Defends claw-back actions or directors' liability cases brought by insolvency managers or creditors. Enjoys a growing 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 and large-scale projects. Corporate debt refinancings and acquisitions of interests in distressed markets are additional areas of expertise.

Strengths Interviewees praise the firm's excellent client service, further detailing that the lawyers demonstrate "an exceptional level of technical knowledge."

Clients also highlight the team's "flexibility and willingness to go beyond the original scope."

Work highlights Represented Petersen in the company's EUR3.3 billion liquidation proceedings.

Notable practitioners

The"brilliant" Adrián Thery operates at the very forefront of the Spanish insolvency market, and is the team's leading figure for protecting the interests of local banks and investment funds in contentious insolvency contexts. He is also increasingly active in substantial restructuring mandates, notably on behalf of prominent Spanish companies.

Borja García-Alamán is skilled at handling insolvency litigation and is retained by multiple domestic companies to act on insolvency mandates. Clients emphasise his understanding of the business, and confirm his ability to "solve problems, and above all, to negotiate key terms."

Juan Verdugo excels in insolvency litigation, including directors' liabilities claims and the sale and purchase of assets in insolvency contexts. A firm favourite for Spanish banks and other creditors, clients endorse him as "very talented, firm, serious and pragmatic."