{"id":268757,"date":"2023-09-06T16:21:25","date_gmt":"2023-09-06T14:21:25","guid":{"rendered":"https:\/\/ga-p.servidortemporal.net\/noticia\/ga_p-advises-creditors-in-the-successful-court-case-on-celsas-restructuring-plan\/"},"modified":"2026-06-30T16:59:14","modified_gmt":"2026-06-30T14:59:14","slug":"elsa-restructuring-plan-court-approval","status":"publish","type":"noticia","link":"https:\/\/ga-p.com\/en\/news\/elsa-restructuring-plan-court-approval\/","title":{"rendered":"GA_P advises creditors in the court approval of the Celsa restructuring plan"},"content":{"rendered":"
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G\u00f3mez-Acebo & Pombo has advised and assumed the legal representation of the creditors during the restructuring process of the steel group Celsa<\/a>. Following the recent publication of the judgment issued by Commercial Court No. 2 of Barcelona, the court rejected the objections raised by the group\u2019s shareholders and Kutxabank. As a result, it approved the Celsa restructuring plan.<\/p>\n\n\n\n

Under the approved plan, the creditors will be able to capitalise \u20ac2.8 billion of the debt they hold in exchange for 100% of the share capital of the Celsa Group.

The matter is particularly significant. It is the first non-consensual restructuring process between creditors and debtor-shareholders to be successfully completed under the recently reformed Insolvency Law. Therefore, the Celsa restructuring plan is expected to set an important precedent for future restructuring processes in Spain.<\/p>\n\n\n\n


The GA_P team<\/a> that has advised and continues to advise on the process was formed by Miguel Lamo de Espinosa, Rodrigo L\u00f3pez, Ferr\u00e1n Foix, Antonio Ram\u00edrez, \u00c1lvaro S\u00e1iz, Fernando Artiach, Cecilia Herreros, Ruth Ere\u00f1o, Jos\u00e9 Antonio G\u00f3mez, In\u00e9s Puig, Julio Jim\u00e9nez, Blanca Moreno, Zuri\u00f1e Sanz, Miguel \u00c1ngel Melero, Patricia P\u00e9rez, Carolina Orri, Irene Fern\u00e1ndez Puyol, Juan Ignacio Romero, Miguel Troncoso and Mariana D\u00edaz-Moro.<\/p>\n\n\n\n

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Lawyer mentioned<\/div>\n
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\n <\/span>\n Miguel Lamo de Espinosa<\/a>\n – Partner<\/span>\n <\/p>\n

\n <\/span>\n Rodrigo Lo\u0301pez<\/a>\n – Partner<\/span>\n <\/p>\n <\/div>\n

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\n <\/span>\n Ferran Foix<\/a>\n – Partner<\/span>\n <\/p>\n

\n <\/span>\n Antonio Rami\u0301rez<\/a>\n – Partner<\/span>\n <\/p>\n

\n <\/span>\n \u00c1lvaro S\u00e1inz<\/a>\n – Partner<\/span>\n <\/p>\n

\n <\/span>\n Ruth Eren\u0303o<\/a>\n – Counsel<\/span>\n <\/p>\n

\n <\/span>\n Jose\u0301 Antonio Go\u0301mez Calafat<\/a>\n – Counsel<\/span>\n <\/p>\n

\n <\/span>\n In\u00e9s Puig-Samper<\/a>\n – Senior associate<\/span>\n <\/p>\n

\n <\/span>\n Julio Jime\u0301nez<\/a>\n – Senior Associate<\/span>\n <\/p>\n

\n <\/span>\n Blanca Moreno<\/a>\n – Senior associate<\/span>\n <\/p>\n

\n <\/span>\n Zuri\u00f1e Sanz<\/span>\n – Associate<\/span>\n <\/p>\n

\n <\/span>\n Patricia P\u00e9rez<\/a>\n – Senior associate<\/span>\n <\/p>\n

\n <\/span>\n Irene Ferna\u0301ndez Puyol<\/a>\n – Partner<\/span>\n <\/p>\n

\n <\/span>\n Juan Ignacio Romero<\/a>\n – Counsel<\/span>\n <\/p>\n

\n <\/span>\n Miguel Troncoso<\/a>\n – Partner<\/span>\n <\/p>\n

\n <\/span>\n Mariana D\u00edaz-Moro<\/a>\n – Partner<\/span>\n <\/p>\n <\/div>\n

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Category<\/div>\n

\n <\/span>\n Deal<\/span>\n <\/p>\n <\/div>\n \n <\/div>\n<\/div>\n\n<\/div>\n<\/div>\n\n<\/div>\n\n <\/div>\n\n<\/div>\n\n\n

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<\/div>\n<\/div>\n\n<\/div>\n\n <\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"

G\u00f3mez-Acebo & Pombo has advised and assumed the legal representation of the creditors during the restructuring process of the steel group Celsa. Following the recent publication of the Judgment handed down by Barcelona Commercial Court 2, which rejects the objections raised by the Group’s shareholders and Kutxabank and approves the restructuring plan, the creditors will…<\/p>\n","protected":false},"featured_media":0,"template":"","categoria":[117],"class_list":["post-268757","noticia","type-noticia","status-publish","hentry","categoria-deal-en"],"acf":[],"yoast_head":"\nCelsa restructuring plan approved by the court<\/title>\n<meta name=\"description\" content=\"GA_P advises creditors in the court approval of the Celsa restructuring plan, a landmark process under Spain\u2019s reformed Insolvency Law.\" \/>\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\/elsa-restructuring-plan-court-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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