Provided by Armando Betancor
Of Counsel at Kepler-Karst Law Firm specialized on the restructuring and insolvency area. With more than 18 years of experience advising bankruptcy trustees and national and international companies going through restructuring or insolvency proceedings, his capacity to handle an insolvency proceeding from both perspectives, as bankruptcy trustee and as legal advisor, gives him a wider knowledge and understanding of the process that most lawyers in the field do not have.
Armando Betancor is currently handling approximately 100 proceedings, acting as bankruptcy trustee, including complex and high-profile cases of national and international relevance. He has extensive experience in litigation and arbitration.
Of Counsel at Kepler-Karst Law Firm since 2020. Founder of Alas Legal Advisors (2009) and Rockmond Litigation Funding Advisors (2017). Previously, Armando was Director of the Insolvency and Restructuring Department at Araoz y Rueda Abogados, and Manager of the PwC office in the Canary Islands.
Armando Betancor is member of the Turnaround Management Association, the International Bar Association, the Spanish Club of Arbitration, and Insole Europe.
Law degree, Las Palmas de Gran Canaria University. Master’s Degree, Business law, and Urban Planning & Real Estate Law. Lawyers Management Program, London School of Economics and IE Law School. Masterclass in Private Equity, London Business School. Masters degree in corporate law INESE Foundation.
Spanish and English
Expert in these Jurisdictions
Petersen Energía, S.A. and Petersen Energía Inversora, S.A., (The Petersen Group) - Bankrupcy Trustee.
Room Mate Hotels S.A. - Advisor.
Grupo Santana Cazorla - Advisor.
PETERSEN ENERGÍA, S.A. AND PETERSEN ENERGÍA INVERSORA, S.A., (THE PETERSEN GROUP)
We have been advising The Petersen Group on its bankruptcy proceedings. Armando Betancor is the bankruptcy trustee in this complex cross-border process, which has an impact in Spain, Argentina, and USA. For this case we implemented the innovative figure in Spain of litigation funding, and successfully managed to finance the proceeding by one of the largest and most relevant litigation funding companies worldwide. This litigation funding is defined as one of the biggest and most relevant ones in the world, which has also been led by Armando Betancor.
ROOM MATE HOTELS S.A.
Armando Betancor led reorganization of Room Mate Hotel and the sale of its business as a going concern. This transaction involved a pre-packaged reorganization and sale of Room Mate's hotel business and its management companies to Angelo Gordon and Westmont Hospitality Group. The legal strategy deployed supported the expedient execution of this transaction, which was necessary given the highly distressed financial situation of the Company, as the Firm, led by Mr. Betancor, developed a solution for the continuity for the hotel business along with the request for a voluntary reorganization.
GRUPO SANTANA CAZORLA
Armando Betancor is the lead advisor of this construction and management group during its bankruptcy proceedings.
Industry Sector Expertise
Construction, Hospitality, Tourism, Energy, Real Estate