Insolvency & Corporate Recovery
Scudamore Law advises on all aspects of corporate and personal insolvency work, including business restructurings, debt refinancing, protection of creditors’ rights, liability of directors and liquidators, and asset and debt acquisition from distressed companies.
We assist corporate clients and individuals, creditors and debtors, insolvency practitioners, turnaround professionals, banks and stakeholders in relation to corporate distress in Spain.
Expertise in English and Spanish law: we are experienced in the potential cross-border implications and help lenders and companies assess the risks of foreign insolvency proceedings:
- director's duties on insolvency
- potential claw back claims by insolvency officeholders
- formal procedures for restructuring a company
- recognition in Spain of insolvency proceedings in other jurisdictions
Our international footprint: we assist Spanish companies in relation to UK Scheme of Arrangement and advise on issues such as the centre of main interests (COMI) and the requirements to establish a ‘sufficient connection’ to England.