Miguel Lamo de Espinosa talks about the new restructuring framework | Expansión

The new restructuring framework boosts investor confidence in Spain, which has the opportunity to position itself internationally.

Given that “the way in which credit conflicts are resolved is one of the fundamental pillars of legal security in investment”, Miguel Lamo de Espinosa, partner of Banking and Finance and coordinator of Restructuring and Special Situations, emphasizes that Spain is “facing a unique opportunity” to position itself on a global scale. In this sense, he is convinced that “it is now possible to attract non-Spanish companies to try to carry out their restructuring plans here”.

The new insolvency law “places us as leaders in continental Europe, perhaps together with the Netherlands, and not too far from countries such as the United States and the United Kingdom,” the partner points out.

Lamo de Espinosa warns that the new law opens the door to distressed M&A operations. That is, the acquisition of companies or assets in restructuring situations. “We are at a point in the cycle where things are going well, but when this changes, I think it will be very frequent. It is something that, for example, has always happened in the United States,” he points out.

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