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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 1275. Good-bye Martinsa-Fadesa
04 March 2015 @ 16:56

Real Estate company Martinsa-Fadesa, presided over by its largest shareholder, Fernando Martín, presented last December a new proposal for debt payments.

However, its proposal, which included a rebate of slightly less than 70 % of the debt, and Martin´s refusal to cede control of the company, has not gained the necessary support of Banks, which will now be able to collect part of the debt through an orderly liquidation process.

How many anti-consumers practise we have seen of this company along the years!

Times moving ahead!

María

Saint Cristóbal, Natural Park Sierra of Grazalema, Cadiz, Southern Spain, at facebook.com

 

 



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