Amendments to the Spanish Insolvency Act: court homologation and claims held or transferred by SAREB

As outlined in previous notes, the majority required for a Court Homologation is 55% of the debt of the pre-insolvent company held by financial entities. This literal wording gave rise to a&nbsp, number of questions, for instance, to which kind of cre-dits and to who should apply the majority (ie what was the meaning in this context of the reference to «debt held by financial entities»?). The question was in fact significant in the case of credits held by the Spanish Bad Bank SAREB (SOCIEDAD DE GESTIÓN DE ACTIVOS PROCEDENTES&nbsp, DE LA REESTRUCTURACIÓN BANCARIA, S.A.)…