Redemption of unrelated third party debts and reimbursement right of the payor Spanish Supreme Court Resolution 339/2011, dat ed May 26 2011

Topics such as the implications of the assignment or novation in the case of the insolvency of the assigned debtor, debt restructuring post acquisition, clawback provisions and hardening periods in the applicable insolvency regulations, the impact of the assignment technique used on the security package and other rights associated with the assigned debt have been discussed at length in the context of distressed or non performing debt transactions…