Complex Corporate Matters and Restructuring and Insolvency

In addition to our dispute resolution practice, J. Almoguera Abogados is specialized in complex corporate matters and restructuring and insolvency.

We are deliberately smaller than most, if not all, of the law firms we regularly see across the table. But this is no barrier to the size and sophistication of the clients who place their considerable trust in us. In fact, we have adopted this model because we want to be their trusted and strategic legal adviser.

Our emphasis on senior lawyer involvement means that our skills are best suited towards complex corporate finance and restructuring transactions where creativity, dedication and efficiency are more important than the size of the team involved.

If a matter requires specialist tax, labour, criminal, antitrust or regulatory advice we are able to co-ordinate with comparable first-class boutiques with which we have strong and trusted relationships.

Given our decades’ of international experience, we are often called upon to provide a discrete second opinion on clients’ sensitive or complicated transactions or disputes.

Reflective of the success of our approach, since the launch of J. Almoguera Abogados we have assisted clients in some of Spain’s most sophisticated and ground-breaking transactions, including advising:

  • Advising one of the main senior lenders of Marme, the SPV of Ciudad Financiera of Banco Santander.

  • Advising a Spanish private foundation on certain issues related to its legal ownership of certain works of art.

  • Cowen Investment Management on the sale of its holdings in Eolia Renovables, one of Spain largest renewable energy companies with an enterprise value of some € 1,4 billion, to the Canadian fund Alberta Investment Management Corp (AIMCo).

  • A Leading Spanish foundation on certain corporate governance pre-contentious issues.

  • The Spanish subsidiary of the UK based insurance group Howden Broking Group on the acquisition of a specialized insurance broking company.

  • ING on the assignment of its claims in a number of Spanish toll roads concessionaire companies under insolvency proceedings.

  • Tecnocom on its takeover bid by Indra.

  • Ramius LLC, on relation to its stake in Eolia Renovables, and the acquisition by Oaktree Capital of a majority stake in the company.

  • Grupo Isolux on several Spanish law issues concerning the insolvency process of its Dutch subsidiary and issuer of the Isolux convertible bonds.

  • Abac Capital on the competitive process to acquire the Vitaldent business.

  • Atlantic Yield on Abengoa’s restructuring agreement.

  • Tecnocom on the Metro de Madrid and Tecnocom joint-venture (Metrocall).

  • Ramius LLC on relation to its stake in Eolia Renovables, one of Spain’s largest renewable energy companies, and the acquisition by Oaktree Capital of a majority stake in that company.

  • ING, as one of the main creditors, on the insolvency proceedings involving a number of Spanish toll roads concessionaire companies, as well as on the sector rescue plan pursued by the Spanish Government – considered among the most legally challenging and sophisticated insolvency matters in recent years, which prompted two consecutive legal reforms.

  • Tecnocom on a €35 M issue of negotiable bonds at MARF.

  • Grupo Blanco, an international leading fashion retailer, through its €300m out-of-court negotiations with the creditor bank and subsequent formal insolvency, where a groundbreaking restructuring and sale of the business was carried out in less than a year. The turnaround structure developed has since become a precedent for similar insolvencies and inspired the reform of Spain’s Insolvency Law that took place through Royal Decree-law 11/2014.

  • Two unrelated and well-known real estate groups -an international group and a Spanish group- on their out-of-court debt restructurings.