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Spain Develops First €20 Billion of Guarantee Line to Help Spanish Businesses

The Resolution contains the terms and conditions of the first tranche of the ICO Guarantee Line for businesses and self-employed persons, in order to mitigate the economic impact of COVID-19. On 26 March 2020, Spain’s...more

Spain Imposes Royal Decree 463/2020 to Manage COVID-19 Health Crisis

The state of alarm is declared in order to deal with the health emergency caused by COVID-19. On 14 March 2020, the Spanish Official Gazette (BOE) published Royal Decree 463/2020, declaring a state of alarm for the...more

50 Shades of Green Finance: An Untapped Opportunity for Private Equity

Sustainable finance and its surrounding infrastructure offers growing potential for deals and green innovation. The global sustainable finance market has expanded rapidly in recent years, approaching US$320 billion in new...more

Sustainability-linked bonds complement and bolster the sustainable finance market

In September 2019, Italian power generation company Enel opened up the market for a new sustainable finance product — bonds with interest rate adjustments related to sustainability performance targets. This new product has...more

Transition Bonds Guidelines May Expand Sustainable Finance

New investor-published guidelines for transition bonds could expand sustainable finance to a broader variety of conventional businesses. On June 12, 2019, AXA Investment Managers published an article calling for the market...more

Will New Spanish Dividend Rules Cause Pain for Private Equity in Spain?

Recently effected reforms to Spanish dividend protections for minority shareholders should cause European dealmakers to review deal terms more closely in 2017. Outright acquisition of businesses is unusual in Spain, 83% of...more

Amendments to Spanish Corporate Laws Add Flexibility to Bond Issuances by Spanish Companies

New rules relax certain structural and procedural legal restrictions, helping Spanish companies access debt capital markets. On 27 April 2015, the Spanish parliament passed Law 5/2015, of 27 April, of corporate finance...more

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