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International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
  • Vol 2 (2005)
  • Vol 3 (2006)
  • Vol 4 (2007)
  • Vol 5 (2008)
  • Vol 6 (2009)
  • Vol 7 (2010)
  • Vol 8 (2011)
  • Vol 9 (2012)
  • Vol 10 (2013)
  • Vol 11 (2014)
  • Vol 12 (2015)
  • Vol 13 (2016)
  • Vol 14 (2017)
  • Vol 15 (2018)
  • Vol 16 (2019)
  • Vol 17 (2020)
  •         Issue 1
  •         Issue 2
  •         Issue 3
  •         Issue 4
  •         Issue 5
  •         Issue 6
  • Vol 18 (2021)
  • Vol 19 (2022)
  • Vol 20 (2023)

Vol 17 (2020) - Issue 1

Article preview

Subordination of Claims Held by Creditors that Belong to the Same Group of Companies as the Insolvent Debtor

Fermín Garbayo Renouard, Partner, Gómez-Acebo & Pombo Abogados SLP, Madrid, Spain

Synopsis

Judgment No. 134/2016 of the Spanish Supreme Court (First Chamber) of 4 March 2016 ruled on the eligibility of non-lending related claims (in this particular case, a claim for rent under a lease agreement between group companies) to be an exception to the general subordination rule contained in section 92(5) of the Spanish Insolvency Act.

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International Corporate Rescue

"I see a lot of corporate restructuring publications but International Corporate Rescue has struck the right balance of case studies and new technical issues, all wrapped up in a very reader-friendly style."

Alan Bloom, Head of Restructuring, EY, London

 

 

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