{"id":268721,"date":"2023-09-26T11:04:00","date_gmt":"2023-09-26T09:04:00","guid":{"rendered":"https:\/\/ga-p.servidortemporal.net\/noticia\/the-celsa-case-has-solved-the-doubts-in-a-solvent-and-correct-manner-taking-into-account-the-objectives-pursued-by-the-national-legislator-el-economista\/"},"modified":"2026-06-30T16:43:59","modified_gmt":"2026-06-30T14:43:59","slug":"celsa-case-restructuring-framework","status":"publish","type":"noticia","link":"https:\/\/ga-p.com\/en\/news\/celsa-case-restructuring-framework\/","title":{"rendered":"\u00abThe Celsa case has solved the doubts in a solvent and correct manner, taking into account the objectives pursued by the national legislator\u00bb | El Economista"},"content":{"rendered":"<div id=\"ColumnaMasSidebar-block_7601f53416bdb505da1d3b26174ace3f\" class=\"ColumnaMasSidebar v1\">\n    <div class=\"container\">\n                <div class=\"hero-inner-blocks\">\n<div id=\"ColumnaIzquierda-block_c49ba659304435d8af7f28fac7d01dd9\" class=\"blanco ColumnaIzquierda\">\n    <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.celsagroup.com\/\" type=\"link\" id=\"https:\/\/www.celsagroup.com\/\">Celsa<\/a> case has become a key precedent for the interpretation of the new restructuring framework in Spain. Miguel Lamo de Espinosa, partner coordinating <a href=\"https:\/\/ga-p.com\/en\/area\/baking-and-finance\/\" type=\"link\" id=\"https:\/\/ga-p.com\/en\/area\/baking-and-finance\/\">Banking and Finance and Restructuring<\/a> at G\u00f3mez-Acebo &amp; Pombo, and Rodrigo L\u00f3pez Gonz\u00e1lez, partner coordinating Insolvency Law at G\u00f3mez-Acebo &amp; Pombo, share their view on its impact.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to them, \u201cthe Celsa case has solved the doubts in a solvent and correct manner, taking into account the objectives pursued by the national legislator, by mandate of the EU legislator\u201d. In their opinion, the next step is for the interpretative line marked by this first and highly significant ruling to become established in the coming months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, they note that the new regulation links the type of restructuring to the value of the company. As a result, it is not out of the question that more creditors may enter into the capital of their debtors in future restructuring processes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overall, the Celsa case may play an important role in shaping restructuring practice in Spain. It provides greater legal certainty and may encourage new processes under the current legal framework.<br><br><a href=\"https:\/\/ga-p.com\/wp-content\/uploads\/2023\/09\/El-caso-Celsa-ha-resuelto-las-dudas-de-forma-solvente-y-acertada-pensando-en-los-objetivos-que-perseguia-el-legislador-nacional.pdf\">Read full article<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><p style=\"margin-top: 20px;\"><\/p><\/p>\n\n<\/div>\n<\/div>\n\n\n<div id=\"ColumnaSidebar-block_df3fb36f21a615a2dc049fa851dedfd2\" class=\"blanco ColumnaSidebar\">\n    <div class=\"acf-innerblocks-container\">\n\n\n<div id=\"NoticiaPublicacionInformacion-block_de32a9e4aee261b3193f240695d34cc2\" class=\"NoticiaPublicacionInformacion\">\n\n    <div class=\"personal_office\">\n        <div class=\"personal\">\n\n            \n                            <div class=\"abogados\">\n                    <div class=\"titleCategoria\">Lawyer mentioned<\/div>\n                    <div class=\"out itemCont\">\n                                                                                    <p class=\"item\">\n                                    <span class=\"rectangleBlu\"> <\/span>\n                                                                        <a href=\"https:\/\/ga-p.com\/en\/person\/miguel-lamo-de-espinosa\/\" class=\"nameAuthor\">Miguel Lamo de Espinosa<\/a>\n                                                                        <span class=\"charge\"> &#8211; Partner<\/span>\n                                <\/p>\n                                                                                                                <p class=\"item\">\n                                    <span class=\"rectangleBlu\"> <\/span>\n                                                                        <a href=\"https:\/\/ga-p.com\/en\/person\/rodrigo-lopez\/\" class=\"nameAuthor\">Rodrigo Lo\u0301pez<\/a>\n                                                                        <span class=\"charge\"> &#8211; Partner<\/span>\n                                <\/p>\n                                                                        <\/div>\n                                    <\/div>\n            \n            \n                        <div class=\"areas_sectores\">\n                <div class=\"titleCategoria\">Areas and sectors<\/div>\n                                                        <p class=\"item\">\n                        <span class=\"rectangleBlu\"> <\/span>\n                        <a href=\"https:\/\/ga-p.com\/en\/area\/baking-and-finance\/\" class=\"nameAuthor\">Banking and Finance<\/a>\n                    <\/p>\n                                                                <\/div>\n                <\/div>\n<\/div>\n\n<\/div>\n<\/div>\n\n<\/div>\n\n    <\/div>\n\n<\/div>\n\n\n<div id=\"ColumnaMasSidebar-block_e6d371c66eb4cde547f4e8cf7ad19726\" class=\"ColumnaMasSidebar v1\">\n    <div class=\"container\">\n                <div class=\"hero-inner-blocks\">\n<div id=\"ColumnaIzquierda-block_c49ba659304435d8af7f28fac7d01dd9\" class=\"blanco ColumnaIzquierda\">\n    <div class=\"acf-innerblocks-container\">\n\n<div id=\"AnteriorSiguiente-block_beec97274c9b6df83ec2aa7d72715ea1\" class=\"AnteriorSiguiente\">\n\n\n            <div class=\"containerButtons\">\n            <a class=\"primaryCta prev \" href=\"https:\/\/ga-p.com\/en\/news\/ga_p-advises-grupo-lamosa-on-the-acquisition-of-grupo-baldocer\/\" target=\"_self\" title=\"prev post\">See previous                <img decoding=\"async\" alt=\"icon\" src=\"https:\/\/ga-p.com\/wp-content\/themes\/ga-p\/assets\/images\/arrow-left-primary.svg\" \/>\n            <\/a>\n            <a class=\"primaryCta next \" href=\"https:\/\/ga-p.com\/en\/news\/the-iba-presents-the-legal-agenda-2028-the-first-international-roadmap-for-the-sector-cinco-dias\/\" target=\"_self\" title=\"next post\">See next                <img decoding=\"async\" alt=\"icon\" src=\"https:\/\/ga-p.com\/wp-content\/themes\/ga-p\/assets\/images\/arrow-right-primary.svg\" \/>\n            <\/a>\n        <\/div>\n    <\/div>\n<\/div>\n<\/div>\n\n\n<div id=\"ColumnaSidebar-block_df3fb36f21a615a2dc049fa851dedfd2\" class=\"blanco ColumnaSidebar\">\n    <div class=\"acf-innerblocks-container\"><\/div>\n<\/div>\n\n<\/div>\n\n    <\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Miguel Lamo de Espinosa, partner coordinating Banking and Finance and Restructuring at G\u00f3mez-Acebo &amp; Pombo, and Rodrigo L\u00f3pez Gonz\u00e1lez, partner coordinating Insolvency Law at G\u00f3mez-Acebo &amp; Pombo, give their shared opinion on the Celsa case. Both comment that &#8220;the Celsa case has solved the doubts in a solvent and correct manner, taking into account the&#8230;<\/p>\n","protected":false},"featured_media":0,"template":"","categoria":[],"class_list":["post-268721","noticia","type-noticia","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Celsa case: new restructuring framework clarified<\/title>\n<meta name=\"description\" content=\"iguel Lamo de Espinosa and Rodrigo L\u00f3pez analyse how the Celsa case clarifies the new restructuring framework in Spain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ga-p.com\/en\/news\/celsa-case-restructuring-framework\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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