Great Heritage! But how to get at it?
In the event you know or believe a deceased party has assets in Spain, you may follow the procedures outlined below to discover the extent of these assets and to successfully retrieve them.
Posts Tagged ‘Mariano Jiménez’
Enforcement of bank guarantees
Eurofenix publication Enforcement of bank guarantees – April-2010
What happens if the beneficiary of a bank guarantee or other surety decides to enforce it against a payment default by a debtor who has been declared insolvent? This is a crucial question not only for the beneficiary of the guarantee but also the granter thereof – in many cases a financial institution.
Das Insolvenzverfahren und seine möglichen Auswirkungen auf vorherige Leveraged by-Outs
In den letzten Jahren waren sogenannte „Leverage Buy-Outs” (LBO) in Spanien sehr häufig. Diese Operationen charakterisieren sich durch einen Kauf des Mehrheitsanteiles des Gesellschaftskapitals einer Zielgesellschaft.
Spanish Insolvency Law: the responsibility of directors in a situation of insolvency
The Insolvency Law of Spain protects creditors in case of misconduct or negligence by directors (“administradores”) of a company in insolvency; such a disposition is specifically useful as it is of utmost importance for there to be confidence in the protection that the economic legal framework offers to creditors.
Bankruptcy proceedings and their possible effects on prior leveraged buy-out operations
In recent years so-called “leveraged buy-outs” (LBO) have been very frequent in Spain. These operations are characterised by being acquisitions of a majority percentage of the share capital of a target company, this acquisition being financed via loans obtained from a third party which are guaranteed with the assets of the target company itself or are repaid by being charged to corporate assets and cash flows expected from the same.
