Supreme Court, First Civil Chamber. Ruling dated June 20, 2012.

The insolvency administrators (hereinafter, “the Plaintiff”) of the company Santa Teresa Materiales de Construcción S.L. (hereinafter “the Company”) sought the declaration of invalidity of the transaction undertaken by the Banco Santander S.A. (hereinafter, “the Bank”) classified by the Plaintiff as debt offset.

Filed under:
Spain, Banking, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Bankruptcy, Prejudice
Authors:
Sandra Paoletti
Location:
Spain
Firm:
Squire Patton Boggs