Main Spanish tax issues to consider when acquiring debt in Spain
Recent restructuring of the Spanish financial sector, together with new regulatory requirements and increased focus on profitability, has motivated that many financial institutions are looking to sell off distressed commercial real estate and corporate debt, which provides an opportunity for overseas buyers to purchase distressed loans of Spanish entities at significant discounts.
Taxes may have a significant impact in the return of these investments, and in this note Hogan Lovells summarise some of the main Spanish tax issues that should be considered both in the purchase of distressed debt and also in connection with any subsequent restructuring of such debt.
Also included are some brief comments on the tax treatment of so-called FABs (‘Fondos de Activos Bancarios’), which are special funds designed to facilitate the disposal of assets by the Spanish bad bank (SAREB)…
If you are registered and logged in to the site, click on the link below to read the rest of the Hogan Lovells briefing. If not, please register or sign in with your details below.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The new Companies Ordinance (Cap. 622), which came into effect on 3 March 2014, is a substantial rewrite of Hong Kong companies law.
Employment News — 14 April 2014: the final straw — employer entitled to take strict view in light of previous warnings
Before his dismissal, the claimant in Disotto Food Ltd v Carlos Santos for misconduct he had been given three warnings about his conduct.
Analysis from The Lawyer
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump
When a firm shouts loudly about a landmark merger, as SJ Berwin did when it joined forces with King & Wood Mallesons, departures are always likely to come under the spotlight.