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A good ruling on financial assistance: collateral given to secure third-party borrowings is not invalid - Despacho de abogados Gómez-Acebo y Pombo
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A good ruling on financial assistance: collateral given to secure third-party borrowings is not invalid

icon 14 of March, 2025

This latest Supreme Court ruling on the prohibition of financial assistance in the purchase of shares in the assisting company (assisting as ‘borrower for third party debt’) is to be praised, erasing the bad taste left by the reading of the immediate precedent (Supreme Court Judgment of 20 April 2023, Ezentis) which held an agreement to underwrite the value of the shares sold by the company invalid.

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Autor/s

Ángel Carrasco – Academic Counsel

Tipology

Analysis

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Corporate and M&A

Ángel Carrasco
Ángel Carrasco
Academic Counsel
email acarrasco@ga-p.com
Madrid
Ángel Carrasco
Ángel Carrasco
Academic Counsel
email acarrasco@ga-p.com
Madrid
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