Juan Verdugo García

Experience:

Juan Verdugo is a partner in the Restructuring and Insolvency Department. He manages some of the most high-profile insolvency proceedings in Spain, defending the interests of industrial companies, financial institutions, investment banks, insurers, property developers, construction companies, private equity firms and hedge funds.

He has amassed a wealth of experience in refinancing distressed businesses, the purchase and valuation of consumer and mortgage loan portfolios (NPL’s), the acquisition of debt from banking syndicates (distressed trading), the purchase of companies or assets subject to insolvency proceedings and defending clients in asset clawback actions. Also worthy of note is his experience in the area of cross-border insolvencies and in advising foreign investors on bids to acquire a controlling stake in distressed companies (loan-to-own).

Since 2008, Juan has regularly featured in the main international legal directories (IFLR 1000, Chambers & Partners), which have stated that his clients regard him as “a talented young lawyer who already displays exceptional judgement” (Chambers Europe 2011) and “a valued member” of the restructuring team (Chambers Global Guide 2012), and note that he is “catching the market’s eye” (Chambers Global Guide 2011). Considering to be a rising-star, Chambers Global 2010 included him in its world guide as one of the three “Associates to watch” in the Spanish legal industry. In 2011 he was selected by “Best Lawyers” in the insolvency and reorganization practice area.

Juan Verdugo joined Garrigues in 2001 after being awarded a scholarship by the Ministry of Justice and practicing for two years at his family’s firm, which he combined with university research into constitutional and procedural law obtaining major recognitions from colleagues and institutions.

After joining the firm, he first spent three years in the Litigation and Arbitration department, where he was involved in preparing strategies for, and defending clients in, court and arbitration proceedings with a significant international dimension.

Subsequently, in 2004, he joined (as a specialist) the Restructuring and Insolvency Department, a pioneering initiative in the Spanish legal market to provide advice on business turnarounds, large-scale insolvency proceedings and the out-of-court restructuring of companies.

Juan Verdugo lectures on the Master’s Degree in Business Law (Universidad Autónoma de Madrid), the Official Master’s Degree in Business Insolvency (Universidad CEU-San Pablo, Madrid) and the Special Course on Insolvency Law (Madrid Bar Association). He teaches “Distressed Investments” on the Corporate Finance Executive Master’s Degree offered by Centro de Estudios Garrigues.

He is a founding member of the expert association TMA España (Turnaround Management Association). He sits on the World Bank Panel of Experts for the “Closing a Business” and “Getting Credit” annual reports. He regularly contributes to local economic newspapers (Expansión) and international publications (Financier Worldwide, The European Lawyer, Legal Week, Legal Business and Euromoney)

He is in charge of the Insolvency Extranet of Garrigues, which was classified as “Commended” by the British newspaper, the Financial Times in the annual report “Financial Times Innovative Lawyers 2009” which awarded Garrigues as the “Most non-UK innovative law firm”

Academic background:

Degree in Law (Universidad de Valladolid).

Specialist Diploma in Insolvency Law (Universidad Pontificia de Comillas, ICADE).

V Specialist Course on Insolvency Law (Madrid Bar Association).

Doctorate Courses on Public Law and Economy (Universidad de Valladolid).

New Technologies Expert (General Council of Spanish Lawyers).

Publications:

Collective publications (originally published in Spanish):

  • Business distress and insolvency: a legal commentary (published by Aranzadi, Colección Garrigues)
  • Commentary on the Insolvency Law (published by Marcial Pons, Colección Garrigues)
  • Insolvency Law Forms: indispensable party pleadings for insolvency practice (published by Dykinson)

Articles (originally published in Spanish):

  • Reform of the Insolvency Law: main new developments, in Economist & Jurist (published by Difusión Jurídica, 2011)
  •  Insolvency Law in Distress? Towards a Business Restructuring Law, in Diario La Ley (published by La Ley, 2009)
  • Out-of-court singular agreements with a petition for insolvency, in Revista de Derecho Concursal y Paraconcursal no. 6 (published by La Ley, 2007)
  • Proof of insolvency in insolvency proceedings, in Cuadernos de Derecho Judicial (published by the General Council of the Judiciary, 2006)
  • Report on voluntary insolvency. Insolvency Law 22/2003, of July 9, 2003, in Revista de Derecho Concursal y Paraconcursal no. 2 (published by La Ley, 2005)
  • Court fees or fees for exercising the power to seek judicial redress before the civil and judicial review courts, in Actualidad Jurídica (published by Aranzadi, 2003)
  • Service of copy pleadings and documents: study of arts. 276 through 278 of the new Civil Procedure Law, in Actualidad Jurídica (published by Aranzadi, 2001)

Collective publications (originally published in English)

  • The Restructuring Review (Law Business Research)
  • The European Restructuring and Insolvency Guide (International Bank for Reconstruction and Development)
  • Framework for resolving business crisis in Spain (European Restructuring and Insolvency Guide 2005/2006, Globe White Page)
  • Insolvency in Spain (Restructuring and Insolvency Handbook, Euromoney)
  • Enforcement of money judgements abroad (Lawrence W. Newman Editor)
  • Attachment of assets (Lawrence W. Newman Editor)

Articles (originally published in English)

  • Acquisition of companies going through formal insolvency proceedings in Spain (Financier Worldwide, 2012)
  • Spain: Key new legislation introduced by the Insolvency Law Reform (Global Insolvency & Restructuring Review, Euromoney, 2012)
  • Objective: Preserving value (Global Insolvency & Restructuring Review, Euromoney, 2011)
  • Preference granted to petitioner creditors in insolvency proceedings (Executive View, 2010)
  • Swift Spanish Solutions” (The European Lawyer, 2009)
  • Investing in distressed debt in Spain (Corporate Debt, 2009)
  • Spain adjusts its insolvency regime to international trends (Financier Worldwide, 2009)
  • Spain: distress investing opportunities and the latest real estate restructuring developments (Financier Worldwide, 2009)
  • Developments in the application of preventive attachment measures under Spain’s new Insolvency Law (International Litigation News, IBA Legal Practice Division, 2006)
  • A guide to publishing and registering the opening of insolvency proceedings in EU Member States (Eurofenix, INSOL Europe Journal, 2006)