Restructuring and Insolvency

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Barnaby Welch
8 years ago
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1 Restructuring and Insolvency

2 Introduction Uría Menéndez is an independent law firm that was founded in Madrid in 1946 by Professor Rodrigo Uría González. We currently have seventeen offices in Spain, Portugal, where we operate as Uría Menéndez - Proença de Carvalho, and major cities in Europe, the Americas and Asia. We advise on Spanish, Portuguese and EU law in business-related matters and cover the full spectrum of industry sectors. We assist our clients in their international transactions through our network of offices and our close links with prestigious firms around the world. Uría Menéndez has had an active presence in Latin America for almost two decades. Our longstanding commitment and strong ties with the region were further strengthened when we joined forces with two of the leading firms in that continent, Philippi in Chile and Prietocarrizosa in Colombia, to create, as of January 2015, the first major Ibero-American law firm: Philippi, Prietocarrizosa & Uría. We are one of the most prestigious law firms in Continental Europe and have adhered at all times to our core principles: rigorous analysis of the law, professional services of the highest quality and long-lasting relationships with clients, capacity for innovation and honesty, decency and strict compliance with high ethical and professional standards; in a nutshell, we strive to excel at all levels. Rodrigo Uría Meruéndano 02

We advise on Spanish, Portuguese and EU law in business-related matters and cover the full spectrum of industry sectors.

3 Overview Uría Menéndez s tradition and development is based on our broadly diversified commercial practice that comprises a team of experts who advise modern companies at every stage of their corporate lives. We strive to work closely with our clients and their businesses. In doing so, we have established an Iberian law firm with commercial law practice in all our offices in the Iberian Peninsula, including Madrid, Barcelona, Valencia, Bilbao, Lisbon and Porto. Our international strategy enables us to assist our clients outside the Iberian Peninsula, through our offices in Brussels, Frankfurt, London, Beijing and New York City. We therefore provide high quality multi-jurisdictional integrated advice. Additionally, Uría Menéndez provides legal advice in five key Latin American countries in particular, in the cities of Bogotá, Buenos Aires, Lima, México F.D., Santiago de Chile and São Paulo through our own offices as well as through association and collaboration agreements with prestigious local law firms. The comprehensive legal advice provided by Uría Menéndez covers all areas of commercial law. With regard to insolvency matters, we provide advice to all the parties that may be involved in a company crisis, covering all kinds of situations. These include, amongst others, company or group restructuring procedures, debt refinancing, acquisition of distressed assets and debt, purchase of non-performing loans, protection of creditors rights, directors duties and liabilities, protection of assets, claw-back actions, design of collateral structures, corporate recovery as well as general advice on insolvency proceedings and related litigation. A first-class team advising lenders and borrowers on restructuring and insolvency mandates. Highly experienced in large and complex transactions with a cross-border element. (Restructuring/Insolvency) We chose the firm for its high-quality advice, understanding of the legislation, creativity and ability to handle complex matters. 03

In doing so, we have established an Iberian law firm with commercial law practice in all our offices in the Iberian Peninsula, including Madrid, Barcelona, Valencia, Bilbao, Lisbon and Porto.

4 Uría Menéndez s high level of expertise in insolvency matters covers a broad range of economic sectors including, amongst others, industrial companies, banks, financial and insurance institutions, technology, construction and real estate. This expertise enables us to deal with insolvency situations with an intricate knowledge of the practical business issues and cross-border consequences in foreign insolvency cases. Our client profile includes both creditors and debtors, financial investors and other parties involved in a company crisis. Exceptional. The right team, always on top of the issue and on top of negotiations. Absolutely perfect co-ordination. One of the best in the country, the excellent team at Uría Menéndez remains active in Spain s major restructurings and insolvency proceedings. The Legal

This expertise enables us to deal with insolvency situations with an intricate knowledge of the practical business issues and cross-border consequences in foreign insolvency cases.

5 Restructuring and Insolvency 1. INSOLVENCY PROCEEDINGS Advice on winding-up processes. Advice to insolvency receivers. Directors duties and liabilities. Out-of-court agreements with creditors. Pre-insolvency advice. Recognition and enforcement of foreign insolvency judgments. Redundancy measures. 2. CORPORATE RECOVERY Claw-back and corporate recovery actions. Enforcement of securities. Protection of creditors rights. Recognition and enforcement of foreign credits and securities in Spanish insolvency proceedings. 3. RESTRUCTURING Designing security packages. Negotiation with banks and financial institutions. Refinancing and restructuring of debts. Restructuring of groups. Stand still agreements and bridge loans. Structure of investments in distressed assets and debt, particularly the purchase of non-performing loans. Uría Menéndez Proença de Carvalho provides outstanding-quality work in domestic and cross-border insolvencies and credit claims. The Legal 500 The level of the service, expertise and experience of Uria has always been outstanding on all fronts. IFLR

Protection of creditors rights. Recognition and enforcement of foreign credits and securities in Spanish insolvency proceedings. 3. RESTRUCTURING Designing security packages.

Corporate and Commercial

Corporate and Commercial Introduction Uría Menéndez is an independent law firm that was founded in Madrid in 1946 by Professor Rodrigo Uría González. We currently have seventeen offices in Spain, Portugal,