## [Updates Corporate 26-2012](/en_GB/new/updates-corporate-26-2012) # Updates Corporate 26-2012 11 / 18 / 2012 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/updates-corporate-26-2012) - []() - []() [Download Updates Corporate 26-2012 ![Download](/sites/default/files/inline-images/flecha-abajo.png)](/sites/default/files/noticias/files/Updates-Corporate-26-2012_1.pdf) Previous Next ASSET MANAGEMENT COMPANIES AND THE SAREB This document highlights the main aspects of asset management companies (“AMCs”) and, in particular, of the SAREB (Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria), governed by the rules in chapter VI and certain additional provisions of Law 9/2012, of November 14, 2012, on the restructuring and resolution of credit institutions (“Law 9/2012”), originating from parliamentary approval of Royal Decree-Law 24/2012, of August 31, 2012, and implemented by Royal Decree 1559/2012, of November 15, 2012, establishing the legal regime of asset management companies (“Royal Decree 1559/2012”). Law 9/2012 approaches the rules on these companies from two angles: - General rules on AMCs in the long term, applicable to any present or future restructuring or resolution of a credit institution that requires the creation of an AMC; and - Specific rules on the creation of the SAREB, to which the assets from the ongoing bank restructuring process in Spain will be transferred. It is important to note that, for the purposes of Royal Decree 1559/2012, the asset management companies regulated in chapter II of Law 8/2012, of October 30, 2012, on the writedown and sale of the financial sector’s real estate assets are not treated as AMCs. ### Contacts ![](/sites/default/files/styles/medium/public/team/photo/10011699.jpg?itok=FBe83oFx) [Javier Ybañez](/en_GB/team/javier-ybanez-rubio) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) ![](/sites/default/files/styles/medium/public/team/photo/10000114.jpg?itok=O_1npB0w) [Mónica Martín de Vidales](/en_GB/team/monica-martin-vidales-godino) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) ![Foto del socio](/sites/default/files/styles/medium/public/team/photo/Ramon_Tejada_Fernandez_20230518.jpg?itok=Y43sb4iY) [Ramón Tejada](/en_GB/team/ramon-tejada-fernandez) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) ![Foto del socio](/sites/default/files/styles/medium/public/team/photo/Luis_de_la_Pena_Fernandez-Nespral_en_20260110.jpg?itok=WwnLM7YL) [Luis de la Peña](/en_GB/team/luis-pena-fernandez-nespral) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) [Find more professionals](../team) ### Related services - [Banking and Finance ](/en_GB/services/banking-and-finance) - ## Find a publication - [Administrative and Constitutional Law](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1422) - [Agribusiness and Food](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1417) - [Automotive](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1419) - [Banking and Finance](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1443) - [Corporate and M&A](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1441) - [Corporate Governance and Sustainable Development](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A12823) - [Criminal Law and Internal Investigations](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1434) - [Data Economy, Privacy and Cybersecurity](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A10913) - [Dispute Resolution: Litigation and Arbitration](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1412) - [Energy](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A10916) - [EU and Antitrust Law](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1416) - [Family Business](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1413) - [Fashion Law](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1435) - [Financial Regulation](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A10915) - [G-advisory](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A12821) - [Human Capital Services](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1431) - [Infrastructure](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A10914) - [Insurance](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1438) - [Intellectual Property](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1421) - [Labor and Employment](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1424) - [Life Sciences and Healthcare](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1429) - [Media and Entertainment](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1433) - [Planning, Zoning and Environment](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1444) - [Private Equity](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1439) - [Real Estate](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A10927) - [Restructuring and Insolvency](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1420) - [Securities Markets](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1442) - [Sports](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1430) - [Startups & Open innovation](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1426) - [Sustainability](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A10921) - [Tax](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1425) - [Technology, Communications and Digital](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1436) - [Tourism and Hotels](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1432) - [Transport, Logistics and Shipping](/en_GB/markdownify/node/4510?f%5B0%5D=service%3A1428) Facet Services detail - [Publications](/en_GB/markdownify/node/4510?f%5B0%5D=publication_type%3A794) - [Newsletters](/en_GB/markdownify/node/4510?f%5B0%5D=publication_type%3A107) - [Garrigues collection](/en_GB/markdownify/node/4510?f%5B0%5D=publication_type%3A101) - [Laws: amendments at a glance](/en_GB/markdownify/node/4510?f%5B0%5D=publication_type%3A104) - [News](/en_GB/markdownify/node/4510?f%5B0%5D=publication_type%3A105) Facet Publication type detail Min Max ## News search engine