Clifford Chance
How the Celsa Spanish case affects the restructuring market
2 October 2023
In recent weeks, there has been much discussion on the judgment handed down on 4 September 2023, by Commercial Court No. 2 in Barcelona, which resolved the judicial approval of the Celsa Group companies' debt (the "Judgment"). The Judgment's main message is clear: creditors can move forward a restructuring plan – against the will of the debtor and its shareholders – and, in effect, take control of the capital.
Beyond the big headline, this Client Briefing addresses the challenges and opportunities that the Judgment generates for shareholders and creditors
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Cómo afectará al mercado de reestructuraciones el caso Celsa
2 October 2023
