Spain

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Spain’s Gas Natural Squares up to Colombia Over Seizure of Assets

A major Spanish energy provider is fighting the Colombian government’s seizure of its assets on the country’s Caribbean coast, threatening to take South America’s third-largest economy to international arbitration, the Financial Times reported. Colom ...

Daily Headline - global.abi.org - 03/16/2017 - 20:44 - 0 comments

Spanish Inflation Confirmed at Four-Year High in February

period the previous year. On a monthly basis, prices fell 0.3 per cent compared to January. Both figures ... sector where prices fell compared to February 2016 was furniture and household goods, with a 0.4 per cent ...

Daily Headline - global.abi.org - 03/14/2017 - 23:01 - 0 comments

Spanish Inflation Hits Four-Year High at 2.9%

Spain’s inflation rate has been confirmed at a more than four year high of 2.9 per cent in January, coming in just below a 3 per cent initial estimate but still underscoring the diverging inflationary performances of countries in the Eurozone, the Fina ...

Daily Headline - global.abi.org - 02/15/2017 - 22:21 - 0 comments

Spain Launches Criminal Probe Into Ill-Fated Bankia Flotation

Spain’s highest criminal court has launched a probe against the former heads of the central bank and the stock market regulator, declaring them formal suspects over their failure to stop the ill-fated flotation of Bankia, the Financial Times reported ...

Daily Headline - global.abi.org - 02/13/2017 - 22:26 - 0 comments

Santander Tackles TLAC Deficit With Senior Non-Preferred Surrogate

Santander is considering ways to issue a new type of senior bond well in advance of the requisite legislation being passed, allowing it to chip away at an approximate 30bn issuance target over the next two years, Reuters reported. The Spanish bank said o ...

Daily Headline - global.abi.org - 01/11/2017 - 23:41 - 0 comments

Judicial consideration of the Schemes of Arrangement

The significant changes brought to Spanish insolvency law and introduced in the latest legislative session have been firmly directed at promoting schemes of arrangement as a measure to prevent corporate insolvency. Attachment Size ...

Resource Article - twallace@abiwor... - 12/29/2016 - 14:29 - 0 comments - 1 attachment

IMF Praises Spain For ‘Impressive’ Recovery

Spain has won praise from the International Monetary Fund for its “impressive” economic recovery, in a report that offered strong backing for the political measures taken by prime minister Mariano Rajoy at the height of the recent crisis. “The Spanish ec ...

Daily Headline - global.abi.org - 12/13/2016 - 22:02 - 0 comments

Spanish State May Be Saddled With Bankrupt Motorways, Minister Says

The Spanish government may to have to take over several bankrupt toll roads, the minister for public works said on Monday, adding that the state's chances of reaching a rescue deal involving the motorways' bank lenders was slim. The government ...

Daily Headline - global.abi.org - 12/12/2016 - 21:45 - 0 comments

Abengoa's U.S. Unit, Holdout Creditor Spar Over Bankruptcy Plan

A U.S. subsidiary of Spanish renewable energy firm Abengoa SA pressed a judge on Tuesday to approve its plan to exit bankruptcy over objections from a holdout creditor, who said the plan violated U.S. law by favoring the company's foreign parent, Re ...

Daily Headline - global.abi.org - 12/06/2016 - 23:54 - 0 comments

U.S. Watchdog Says Abengoa Unit's Reorganization Violates Law

A Chapter 11 bankruptcy exit plan by Abengoa SA's main U.S. subsidiary, Abeinsa Holding Inc, violates the law by shielding the Spanish renewable energy parent from lawsuits, according to the U.S. government's bankruptcy watchdog, Reuters report ...

Daily Headline - global.abi.org - 12/01/2016 - 23:26 - 0 comments

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