Go back to News
NEWS
GA_P advises Orange Bank on its agreement with BNP Paribas for the transfer of its banking business in Spain
12 March, 2024
Gómez-Acebo & Pombo has advised French bank Orange Bank on several negotiation agreements with French bank BNP Paribas for the transfer of its banking business in Spain. This sale is part of a transaction that also includes the transfer of Orange Bank’s banking business in France to BNP Paribas.
After a long period of negotiation, which started in June last year, both companies have worked to define a joint solution for Orange’s customer base in France and Spain.
As a result, BNP Paribas’ Cetelem brand will be the one offering a solution to Orange Bank’s customers in Spain.
The GA_P team comprised Augusto Piñel, Irene Carreño and Miren Ibáñez, partner and associates of Corporate; Carlos de la Torre and Jesús Tallos, partner and associate of Labour; José Francisco Canalejas, associate of Banking and Finance; Javier Vinuesa and Oliver Padilla, partner and associate of Tax; and Andrew Ward, partner of Competition.
Read the news
After a long period of negotiation, which started in June last year, both companies have worked to define a joint solution for Orange’s customer base in France and Spain.
As a result, BNP Paribas’ Cetelem brand will be the one offering a solution to Orange Bank’s customers in Spain.
The GA_P team comprised Augusto Piñel, Irene Carreño and Miren Ibáñez, partner and associates of Corporate; Carlos de la Torre and Jesús Tallos, partner and associate of Labour; José Francisco Canalejas, associate of Banking and Finance; Javier Vinuesa and Oliver Padilla, partner and associate of Tax; and Andrew Ward, partner of Competition.
Read the news
Lawyer mentioned
Augusto Piñel – Partner
José Francisco Canalejas – Counsel
See all lawyers
See less lawyers
Areas and sectors
Press contact
Director of Business Development, Marketing and Communications
Director of Business Development, Marketing and Communications
More information about
Gómez-Acebo & Pombo
¡NEW! 
PUBLICATION
23 Jun, 2026
Pharma & Healthcare No. 49
The newsletter covers the main developments in Pharma & Healthcare legislation and case law.
23 Jun, 2026 
PUBLICATION
15 Jun, 2026
Conclusions on the abuse of temporary public sector employment: finding a balance between domestic laws and EU law
15 Jun, 2026
PUBLICATION
09 Jun, 2026
Partial limitation defences that may be raised in relation to the limitation period within a cartel (Supreme Court Judgment no. 681/2026 of 6 May)
A flawed judgment on a problem that has remained unresolved to date in the truck cartel. The issue is not whether the liability-in-solidum regime applies, but whether co-liable parties can raise personal defences.
09 Jun, 2026
PUBLICATION
09 Jun, 2026
The “serious risk” of financial assistance (Supreme Court (First Chamber) Judgment of 5 May 2026)
This paper critically analyses the Supreme Court ruling of 5May 2026, which applies the prohibition on financial assistance to a case involving the sale of treasury shares with deferred payment to the shareholders of the assisting company.
09 Jun, 2026
PUBLICATION
04 Jun, 2026
Unanimous shareholders' agreements and dividends in specie
The Supreme Court and the Madrid Provincial Court, following established legal doctrine, have reiterated that a party to a unanimous shareholders’ agreement acts in bad faith if he or she challenges a company resolution passed in compliance with said shareholders’ agreement. In this case, the shareholders’ agreement provided for the possibility of paying dividends in kind, and the contested resolution — which was passed by a majority at the shareholders’ meeting — transferred certain real estate properties to one of the shareholders (with his consent) in payment of the dividend due to him.
04 Jun, 2026
PUBLICATION
28 May, 2026
Voluntary takeover bids and squeeze-outs
The Judgment of the Court of Justice of the European Union (Fifth Chamber) of 13 May 2026 (Korfin and Sempiola v Slovnaft, Case C-225/25) clarifies the concept of a takeover bid for the purposes of Article 2 of the 2004 Takeover Bids Directive, such that an offer made to the holders of securities of a company with a view to acquiring all or some of those securities does not fall within the concept of a takeover bid where it is made by an offeror who already controls the offeree company. Consequently, based on that court’s interpretation of the Directive’s provisions, there is no right of squeeze-out in such voluntary takeover bids.
28 May, 2026
PUBLICATION
27 May, 2026
An action for declaration of invalidity of an already-terminated franchise agreement is admissible
An action for declaration of invalidity of an agreement can almost always be brought, even if the agreement has been performed and terminated.
27 May, 2026
PUBLICATION
26 May, 2026
Severance pay is a claim against the insolvent estate - not an insolvency claim - if a pre-opening-of-insolvency-proceedings dismissal is ruled unfair post hoc
Notwithstanding a dismissal occurring before the opening of insolvency proceedings, if a court finding of unfairness and an employer decision to make a severance payment occur after, the dismissed employee’s claim must be deemed against the insolvent estate, even if the parties had reached a settlement, if such was reached also after.
26 May, 2026
PUBLICATION
18 May, 2026
Automotive and Sustainable Mobility No. 30
Summary of legislative and jurisprudential developments relating to the automotive sector.
18 May, 2026