{"id":28524,"date":"2023-04-05T21:41:53","date_gmt":"2023-04-05T21:41:53","guid":{"rendered":"https:\/\/summons.es\/especializacion\/summons-derecho-bancario-y-financiero\/"},"modified":"2025-08-28T21:35:45","modified_gmt":"2025-08-28T21:35:45","slug":"summons-derecho-bancario-y-financiero","status":"publish","type":"page","link":"https:\/\/summons.es\/en\/especializacion\/summons-derecho-bancario-y-financiero\/","title":{"rendered":"Banking and Financial Law"},"content":{"rendered":"<div class=\"brz-root__container brz-reset-all brz\">\n<section id=\"_zarutzznukunupkwwlbxedjoefkfnpdbxpyt\" class=\"brz-section brz-css-pxcwo brz-css-zTDmP\">\n<div class=\"brz-section__content brz-section--boxed brz-css-es4EV brz-css-yapdy\" data-brz-custom-id=\"eglvyajslesxdqzrhrbgpsalkzljvdgqnkyd\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-image\"><\/div>\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-container brz-css-vi1mX\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-ahS_U brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"sstforrbixhifmexgnhwtblluonoadfcrlnp\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-text-xs-center brz-ls-lg-0 brz-lh-lg-1_3 brz-tp-lg-empty brz-ff-montserrat brz-ft-google brz-fs-lg-90 brz-fss-lg-px brz-fw-lg-700 brz-tp-xs-empty brz-fs-xs-40 brz-fss-xs-px brz-fw-xs-700 brz-ls-xs-0 brz-lh-xs-1_3 brz-css-gjZ05\" data-uniq-id=\"jjB1j\" data-generated-css=\"brz-css-boy0y\"><strong class=\"brz-cp-color8\">Banking and Financial Law<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"\" class=\"brz-css-bbc_K brz-css-wzXL3 brz-wrapper\">\n<div class=\"brz-spacer brz-css-udMsb brz-css-dKudo\"><\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-iEp7h brz-css-ueGX0\" data-brz-custom-id=\"udkcemyxsvxqrtlildygzsozxsarucimnftp\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-css-vIaya brz-css-zdiSa\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-tnx3D\" data-brz-custom-id=\"vlkvlxtmwdbakiwoxhbajwdvqlnjaridjrzv\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-yQdId\">\n<div id=\"\" class=\"brz-css-bbc_K brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"movgdbzcexrhbccvpoxkkykshnkcuahqhrtb\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-paragraph brz-text-lg-center brz-tp-xs-paragraph brz-css-wA7af\" data-uniq-id=\"t2oDo\" data-generated-css=\"brz-css-fwB6J\"><span class=\"brz-cp-color2 brz-span\"><strong>Home<\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a class=\"brz-a brz-container-link\" href=\"\" target=\"_self\" rel=\"noopener\" data-brz-link-type=\"page\"><\/a><\/div>\n<div class=\"brz-columns brz-css-xCW6m brz-css-n6DIJ\" data-brz-custom-id=\"otknkotdbphtaxtpxmyurkxjkqdiipknshkr\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-j7Jx9\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-v_JSc brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"whtryccrcbsvzobmjzlaetucrrvajvztwbaw\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-paragraph brz-text-lg-center brz-fs-xs-14 brz-fss-xs-px brz-fw-xs-500 brz-ls-xs-m_0_5 brz-lh-xs-1_6 brz-tp-xs-paragraph brz-css-d14fR\" data-generated-css=\"brz-css-pYPtJ\" data-uniq-id=\"q6vdF\"><span class=\"brz-cp-color2 brz-span\"><strong>Services<\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a class=\"brz-a brz-container-link\" href=\"\" target=\"_self\" rel=\"noopener\" data-brz-link-type=\"page\"><\/a><\/div>\n<div class=\"brz-columns brz-css-xCW6m brz-css-riJKt\" data-brz-custom-id=\"nrxikecchxnemdwjbqpjjagsvqdeakbbhjbm\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-hLAch\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-jS1po brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"mcaknrmngletgmoepaudllwujsjoajfrmyii\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-text-lg-center brz-tp-xs-paragraph brz-tp-lg-paragraph brz-css-tQKRV\" data-uniq-id=\"x63Za\" data-generated-css=\"brz-css-gl04j\"><span class=\"brz-cp-color2 brz-span\"><strong>Banking and Financial Law<\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"_oiakenqxbwrhcifgplautahqwvomigqsltgz\" class=\"brz-section brz-css-pxcwo\">\n<div class=\"brz-section__content brz-section--boxed brz-css-es4EV brz-css-piJv0\" data-brz-custom-id=\"pmfxsuupsrxaglszgctegugjhzadkgazeqiz\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-image\"><\/div>\n<\/div>\n<div class=\"brz-container brz-css-vi1mX\">\n<div id=\"\" class=\"brz-css-bbc_K brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"melhkpgoxbshfosuzghxtghlbialcyovmiam\">\n<div data-brz-translate-text=\"1\">\n<h1 class=\"ql-align-justify brz-tp-lg-empty brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-0 brz-lh-lg-1_1 brz-css-fmIDB\" data-uniq-id=\"znE2D\" data-generated-css=\"brz-css-zRbJE\"><strong>Expert Lawyers in Banking and Financial Law<\/strong><\/h1>\n<h2 class=\"brz-tp-lg-heading2 brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-nwlxM\" data-uniq-id=\"hLjv_\" data-generated-css=\"brz-css-voUd3\"><\/h2>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-vY5PW\" data-uniq-id=\"t4hI0\" data-generated-css=\"brz-css-irJ7y\"><span>We are expert lawyers in banking and financial law. Our lawyers have extensive experience in financing and debt refinancing operations.<\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-w5IqP\" data-uniq-id=\"jHcEY\" data-generated-css=\"brz-css-fVZyq\">\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-xzRWu\" data-uniq-id=\"q6vah\" data-generated-css=\"brz-css-vjaM5\"><span>In the course of their activities, companies can mainly choose between two sources of financing: equity (capital injection by shareholders) or debt. At Summons, we are experts in financing, whether through equity, debt, or a combination of both.<\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-amNsE\" data-uniq-id=\"ozGhL\" data-generated-css=\"brz-css-ufDIL\">\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-ehqhC\" data-uniq-id=\"g_b6R\" data-generated-css=\"brz-css-pLr4G\"><span>We also advise our clients on regulatory banking issues and banking claims, assisting in the defence of their interests before the banking entity, the Bank of Spain, and the courts of justice.<\/span><\/p>\n<p class=\"brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-tp-lg-paragraph brz-css-kiGwJ\" data-uniq-id=\"k8HqN\" data-generated-css=\"brz-css-bDUC5\"><\/p>\n<h2 class=\"ql-align-justify brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-tp-lg-heading2 brz-css-i05uO\" data-uniq-id=\"yZgUk\" data-generated-css=\"brz-css-h2AQX\"><strong style=\"background-color: transparent\">Law Firm Specialised in Financing<\/strong><\/h2>\n<h3 class=\"brz-tp-lg-heading3 brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-u38aa\" data-uniq-id=\"kAdbF\" data-generated-css=\"brz-css-ckige\"><span style=\"background-color: transparent\"> <\/span><\/h3>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-kwVLt\" data-uniq-id=\"mgsSo\" data-generated-css=\"brz-css-dR7DN\"><span>At Summons, we have financial lawyers with extensive experience in the following types of financing:<\/span><\/p>\n<ul>\n<li class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-nN3BE\" data-uniq-id=\"dNCpc\" data-generated-css=\"brz-css-lY70u\"><span>Corporate financing<\/span><\/li>\n<li class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-mVKDW\" data-uniq-id=\"tMCy3\" data-generated-css=\"brz-css-fFOuA\"><span>Acquisition financing<\/span><\/li>\n<li class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-uRDP7\" data-uniq-id=\"s6uXc\" data-generated-css=\"brz-css-fBw7e\"><span>Real estate financing<\/span><\/li>\n<li class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-e07HO\" data-uniq-id=\"j7FsZ\" data-generated-css=\"brz-css-q7eY_\"><span>Project financing<\/span><\/li>\n<li class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-lrFmz\" data-uniq-id=\"dlxxx\" data-generated-css=\"brz-css-gLitA\"><span>Asset financing<\/span><\/li>\n<\/ul>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-pzqz3\" data-uniq-id=\"g0Ccg\" data-generated-css=\"brz-css-mZngE\"><span> <\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-ahdTV\" data-uniq-id=\"vTjhQ\" data-generated-css=\"brz-css-tc606\"><span>Our activity focuses on providing financial legal advice to both borrowing companies and lenders, whether they are banks, investment funds, or other financiers.<\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-ajohr\" data-uniq-id=\"zV_3v\" data-generated-css=\"brz-css-qxHwO\"><span> <\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-sD_IZ\" data-uniq-id=\"cPfy9\" data-generated-css=\"brz-css-phQFO\"><span>We accompany our clients throughout the entire financing process, from signing the term sheet to fulfilling the contractual obligations of the financing. We advise on the preparation and review of financing contracts, including long-term financing (loan agreement, credit agreement, participatory loan agreement, etc.) and short-term financing (guarantee line, factoring agreement with and without recourse, confirming agreement, etc.).<\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-fBk5Y\" data-uniq-id=\"d5L5N\" data-generated-css=\"brz-css-mwpgd\"><span> <\/span><\/p>\n<p class=\"brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-tp-lg-paragraph ql-align-justify brz-css-tdgRp\" data-uniq-id=\"ahlUE\" data-generated-css=\"brz-css-hhypv\"><span>Additionally, we have extensive experience in syndicated financings.<\/span><\/p>\n<p class=\"brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-tp-lg-paragraph ql-align-justify brz-css-a8gbo\" data-uniq-id=\"yj19g\" data-generated-css=\"brz-css-zrGzx\"><span> <\/span><\/p>\n<h2 class=\"ql-align-justify brz-tp-lg-heading2 brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-womMF\" data-uniq-id=\"jH8Cw\" data-generated-css=\"brz-css-kyOkS\"><strong>Law Firm Specialised in Company Refinancing and Debt Refinancing<\/strong><\/h2>\n<h2 class=\"ql-align-justify brz-tp-lg-heading2 brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-huKwm\" data-uniq-id=\"crMeB\" data-generated-css=\"brz-css-zWUDA\"><strong> <\/strong><\/h2>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-wVQ8F\" data-uniq-id=\"vNHmL\" data-generated-css=\"brz-css-p74jw\"><span class=\"brz-cp-color7\">At Summons, we have a team of expert lawyers in company refinancing and debt refinancing, with extensive experience advising both financed companies and financing entities.<\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-pp3m6\" data-uniq-id=\"k7vBT\" data-generated-css=\"brz-css-o_5bE\">\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-h05m9\" data-uniq-id=\"conIW\" data-generated-css=\"brz-css-dUsaV\"><span class=\"brz-cp-color7\">The main issue is the refinancing of the company\u2019s loan or credit and its structuring as a refinancing agreement under the Bankruptcy Law. However, it is also necessary to refinance any other financing instrument, such as short-term financing (e.g., a factoring agreement) or modify any other refinancing contract, as well as novate the guarantee contracts.<\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-kVrsX\" data-uniq-id=\"ciUKq\" data-generated-css=\"brz-css-kSfDK\"><span class=\"brz-cp-color7\"> <\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-jCD6q\" data-uniq-id=\"x9UkV\" data-generated-css=\"brz-css-iQN4G\"><span class=\"brz-cp-color7\">We have specialists in company refinancing; we prepare and negotiate both financial documents and guarantees and assist in the judicial approval process of the refinancing agreement, pre-bankruptcy, and bankruptcy issues, such as the sale of productive units or the purchase of companies in crisis.<\/span><\/p>\n<p class=\"brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-tp-lg-paragraph ql-align-justify brz-css-qJ1Uz\" data-uniq-id=\"f2uu0\" data-generated-css=\"brz-css-libiz\"><span class=\"brz-cp-color7\">We also assist our clients with ICO loans and guarantees granted by the Official Credit Institute to companies during the COVID-19 pandemic.<\/span><\/p>\n<p class=\"brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-tp-lg-paragraph ql-align-justify brz-css-pdniT\" data-uniq-id=\"vpLIO\" data-generated-css=\"brz-css-kP375\"><span class=\"brz-cp-color7\"> <\/span><\/p>\n<h2 class=\"ql-align-justify brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-tp-lg-heading2 brz-css-eMV99\" data-uniq-id=\"baEHL\" data-generated-css=\"brz-css-mMHMV\"><strong>Expert Lawyers in Guarantees<\/strong><\/h2>\n<h3 class=\"brz-tp-lg-heading3 brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-huzg5\" data-uniq-id=\"hById\" data-generated-css=\"brz-css-rFyOB\"><\/h3>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-nw86n\" data-uniq-id=\"kiOcJ\" data-generated-css=\"brz-css-d0zUX\"><span>One of the most important parts of financing or debt refinancing is the package of guarantees. To ensure the fulfilment of the payment obligations assumed by the financed company, the lender requires the signing of guarantee documents.<\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-gmXcO\" data-uniq-id=\"kiOcJ\" data-generated-css=\"brz-css-d0zUX\"><span> <\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-css-ukOfQ\" data-uniq-id=\"xX3j4\" data-generated-css=\"brz-css-bXjBk\"><span>Among others, we have extensive experience in the preparation and review of guarantee contracts such as ordinary mortgages, floating mortgages, pledge of shares, pledge of company shares, pledge of bank accounts, pledge of contracts, first-demand bank guarantee, etc.<\/span><\/p>\n<p class=\"brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 ql-align-justify brz-css-oQ6Sz\" data-uniq-id=\"xX3j4\" data-generated-css=\"brz-css-bXjBk\"><span> <\/span><\/p>\n<p class=\"brz-tp-lg-paragraph brz-ff-montserrat brz-ft-google brz-fs-lg-30 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 ql-align-justify brz-css-v5_Ia\" data-uniq-id=\"xO3D_\" data-generated-css=\"brz-css-ryZQN\"><span>Additionally, our team specialises in the preparation and review of guarantee contracts within the framework of syndicated debt financing and refinancing.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"_ujvrpsgoicukuolwogbtgaubvwyjcjzukknh\" class=\"brz-section brz-css-pxcwo\">\n<div class=\"brz-section__content brz-section--boxed brz-css-es4EV brz-css-kerPk\" data-brz-custom-id=\"sphzdoarlldgkssprbegukancpyhwasyilrs\">\n<div class=\"brz-container brz-css-vi1mX\">\n<div class=\"brz-row__container brz-css-iEp7h\" data-brz-custom-id=\"dsgbiwabsrbdhkaiggqcgbxviwzknbzncvxn\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-css-vIaya\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-lI5hJ\" data-brz-custom-id=\"vvhlbtrpzbspwmyzffhfyxufqddlskrdtsbd\">\n<div class=\"brz-bg\">\n<div class=\"brz-bg-color\"><\/div>\n<\/div>\n<div class=\"brz-column__items brz-css-kcIu6\">\n<div id=\"\" class=\"brz-css-bbc_K brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"srvgimtjmexilphnmkcebxrlmnuhnxescovu\">\n<div data-brz-translate-text=\"1\">\n<p data-generated-css=\"brz-css-mxMXK\" data-uniq-id=\"htvjQ\" class=\"brz-text-lg-center ql-align-justify brz-tp-lg-empty brz-ff-montserrat brz-ft-google brz-fs-lg-28 brz-fss-lg-px brz-fw-lg-700 brz-ls-lg-m_0_5 brz-lh-lg-1_3 brz-vfw-lg-400 brz-fwdth-lg-100 brz-fsft-lg-0 brz-css-cX1EA\"><span class=\"brz-cp-color2\">Frequently Asked Questions (FAQ)<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"\" class=\"brz-css-bbc_K brz-css-wzXL3 brz-wrapper\">\n<div class=\"brz-spacer brz-css-udMsb brz-css-eT1zs\"><\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-iEp7h\" data-brz-custom-id=\"amfjgtsgecquqhoxsftgdphftlwdhynjfbko\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-css-vIaya brz-css-zlPsr\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-vQu1s\" data-brz-custom-id=\"gfdzyimcppihogthhgyekgoylltbicxiyaho\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-zZrV4\">\n<div class=\"brz-row__container brz-css-iEp7h\" data-brz-custom-id=\"mfawyehimsuqutnwotgaphxvfcyjxueriyql\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-row--inner brz-css-vIaya brz-css-qak10\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-mUuPq\" data-brz-custom-id=\"kubuvxzxruizhvjybednrdxutykeqhtwpudk\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-avT0I\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-yQvjZ brz-wrapper\">\n<div class=\"brz-accordion brz-css-pkDC9 brz-css-slSrg\" data-brz-duration=\"300\" data-brz-custom-id=\"xurdoqzwfnkeohjskcgsprkwnryryurxsdwu\">\n<div class=\"brz-accordion__item\">\n<div class=\"brz-accordion__nav\" data-brz-collapsible=\"off\">\n<h3 data-brz-translate-text=\"1\" class=\"brz-accordion__nav-title brz-h3 brz-text__editor\">What is the structure of contracts in a company\u2019s debt restructuring and refinancing operation?<\/h3>\n<\/div>\n<div class=\"brz-accordion__content brz-d-xs-flex brz-flex-xs-column\">\n<div class=\"brz-accordion__item-content brz-d-xs-flex brz-flex-xs-column\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-xiRXP brz-wrapper\">\n<div class=\"brz-line brz-line-default brz-css-iaPh7 brz-css-tAdjN\" data-brz-custom-id=\"upmflhkddehxyuangecemgygfoqahdwkbvuz\">\n<hr class=\"brz-hr\"><\/div>\n<\/div>\n<div id=\"\" class=\"brz-css-bbc_K brz-css-u1SJu brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"vvyhftdgxcsyltpldsxhhglfdtawnqlqzsoc\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-paragraph brz-css-qMRKi\" data-uniq-id=\"o1F6F\" data-generated-css=\"brz-css-j3BDB\"><span class=\"brz-cp-color7\">Once the company and the lenderhas negotiated the economic terms by signing a term sheet, the refinancing will typically be headed by a framework agreement (if required by the entity involved in the operation), a financing contract (loan, credit, confirming, factoring, etc.), and a package of guarantees, along with other ancillary documents.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-iEp7h\" data-brz-custom-id=\"qovdpodzlzmwqwtrwnhzqrxefjlroozqsgrk\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-row--inner brz-css-vIaya brz-css-p0Gbr\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-p6RIY\" data-brz-custom-id=\"tbowbyfnpkgxqbzkogoackdlzmjmedlkytdv\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-oF6QJ\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-wzXL3 brz-wrapper\">\n<div class=\"brz-spacer brz-css-udMsb brz-css-lCWXZ\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-iEp7h\" data-brz-custom-id=\"fxynlyfkstvplyqbtaukrgxgfkjeaubgqecx\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-row--inner brz-css-vIaya brz-css-zlPsr\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-vz_wW\" data-brz-custom-id=\"vwbqpsstulfkibszgudapgocvmoechjbmwhr\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-su4zX\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-mNQO7 brz-wrapper\">\n<div class=\"brz-accordion brz-css-pkDC9 brz-css-kcJ62\" data-brz-duration=\"300\" data-brz-custom-id=\"cmxxwpebvtmenuwghppnlafmxsvvbxuxjblo\">\n<div class=\"brz-accordion__item\">\n<div class=\"brz-accordion__nav\" data-brz-collapsible=\"off\">\n<h3 data-brz-translate-text=\"1\" class=\"brz-accordion__nav-title brz-h3 brz-text__editor\">What types of guarantees exist for financing?<\/h3>\n<\/div>\n<div class=\"brz-accordion__content brz-d-xs-flex brz-flex-xs-column\">\n<div class=\"brz-accordion__item-content brz-d-xs-flex brz-flex-xs-column\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-ir2ac brz-wrapper\">\n<div class=\"brz-line brz-line-default brz-css-iaPh7 brz-css-rkFR5\" data-brz-custom-id=\"apbfyebmddxgemdjwtsuhdzxmkwkzmhitzpp\">\n<hr class=\"brz-hr\"><\/div>\n<\/div>\n<div id=\"\" class=\"brz-css-bbc_K brz-css-kPkbB brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"bmqswtwdntkbnwazuisxuvyryitbepvjaryn\">\n<div data-brz-translate-text=\"1\">\n<p class=\"brz-tp-lg-paragraph ql-align-justify brz-css-h7JT3\" data-generated-css=\"brz-css-qgEpL\" data-uniq-id=\"c08BJ\"><span class=\"brz-cp-color7\">Guarantees are legal instruments whose purpose is to ensure the payment or fulfilment of an obligation. The lendermay require, among others, a mortgage on a property, a pledge on certain assets (e.g., pledge of shares, pledge of company shares, pledge on bank balances, pledge on receivables from clients, etc.), a guarantee, etc.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-iEp7h\" data-brz-custom-id=\"yysjxajlxnsvsneffwmyfeipskrbdfaojeqm\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-row--inner brz-css-vIaya brz-css-zlPsr\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-nqKMn\" data-brz-custom-id=\"klmyrhdzpsczelnaauhkypiizkferoobazue\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-nxVKc\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-wzXL3 brz-wrapper\">\n<div class=\"brz-spacer brz-css-udMsb brz-css-cPWfb\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-columns brz-css-xCW6m brz-css-gQkK6\" data-brz-custom-id=\"tdtbosanbiwasyfgjrivchgkshnqijskuwyx\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-dyCOO\">\n<div class=\"brz-row__container brz-css-iEp7h\" data-brz-custom-id=\"gkheojdnxjhkdnlqqichjkbazgfnbafxepmk\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-row--inner brz-css-vIaya brz-css-d_d32\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-wP188\" data-brz-custom-id=\"wvbdwlvvircxidymhgepvgnnugahxarxojez\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-xlDCD\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-wREkE brz-wrapper\">\n<div class=\"brz-accordion brz-css-pkDC9 brz-css-wkgM3\" data-brz-duration=\"300\" data-brz-custom-id=\"cudzujkryehwehfryzpavyfycxklfbhjycsp\">\n<div class=\"brz-accordion__item\">\n<div class=\"brz-accordion__nav\" data-brz-collapsible=\"off\">\n<h3 data-brz-translate-text=\"1\" class=\"brz-accordion__nav-title brz-h3 brz-text__editor\">What is a first-demand bank guarantee?<\/h3>\n<\/div>\n<div class=\"brz-accordion__content brz-d-xs-flex brz-flex-xs-column\">\n<div class=\"brz-accordion__item-content brz-d-xs-flex brz-flex-xs-column\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-vNITu brz-wrapper\">\n<div class=\"brz-line brz-line-default brz-css-iaPh7 brz-css-nCcQV\" data-brz-custom-id=\"xvwujbnpdmaferjsittioyxyfugavhmwexeb\">\n<hr class=\"brz-hr\"><\/div>\n<\/div>\n<div id=\"\" class=\"brz-css-bbc_K brz-css-gctmc brz-wrapper\">\n<div class=\"brz-rich-text brz-rich-text__custom brz-css-fVO5j\" data-brz-custom-id=\"npetjzxmokgajnojnmhzgnqvetmfcmdeurpa\">\n<div data-brz-translate-text=\"1\">\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-css-dAMyS\" data-generated-css=\"brz-css-klTW7\" data-uniq-id=\"hhX6J\"><span class=\"brz-cp-color7\">The first-demand bank guarantee is not explicitly regulated in Spanish legislation. However, it is a consolidated doctrine of the Supreme Court that the first-demand bank guarantee is considered a personal guarantee not ancillary to the principal obligation, atypical, based on the principle of autonomy of will, and whose purpose is not to guarantee the fulfilment of the principal obligation but rather to ensure the indemnity of the beneficiary when the event specified in the guarantee occurs and concerning the debtor&#8217;s non-compliance.<\/span><\/p>\n<p class=\"ql-align-justify brz-tp-lg-paragraph brz-css-d7dQg\" data-generated-css=\"brz-css-fZl7g\" data-uniq-id=\"mORMH\"><span class=\"brz-cp-color7\">&nbsp;<\/span><\/p>\n<p class=\"brz-tp-lg-paragraph ql-align-justify brz-css-dF4uu\" data-generated-css=\"brz-css-fxR88\" data-uniq-id=\"dLTyI\"><span class=\"brz-cp-color7\">In other words, in the event of the debtor&#8217;s default, the creditor holding the first-demand bank guarantee can demand payment from the issuing bank, which will be obliged to pay on the first demand. The content of the guarantee document is crucial to determine the obligation to pay on the first demand.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"brz-row__container brz-css-iEp7h\" data-brz-custom-id=\"uioerknfawwixxdvmplgopbdbivstacacuye\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-row brz-row--inner brz-css-vIaya brz-css-zlPsr\">\n<div class=\"brz-columns brz-css-xCW6m brz-css-slQ2H\" data-brz-custom-id=\"trnuongxgtdlxabpjfnjqmvzxsvaxeksfvtd\">\n<div class=\"brz-bg\"><\/div>\n<div class=\"brz-column__items brz-css-kcIu6 brz-css-rsp3C\">\n<div id=\"\" class=\"brz-css-bbc_K brz-css-wzXL3 brz-wrapper\">\n<div class=\"brz-spacer brz-css-udMsb brz-css-rkTvC\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<p>    <!-- version:1732655818 --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking and Financial Law Home Services Banking and Financial Law Expert Lawyers in Banking and Financial Law We are expert lawyers in banking and financial law. Our lawyers have extensive experience in financing and debt refinancing operations. In the course of their activities, companies can mainly choose between two sources of financing: equity (capital injection [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28525,"parent":28286,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"brizy-blank-template.php","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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