Restructuring and Insolvency

Proven experience in corporate operational and financial restructuring, and change of control at distressed businesses



Since its creation in 2009, the Garrigues Restructuring and Insolvency department has devised much of what is now considered standard practice in business restructuring and insolvency processes.

Our team is made up of global restructuring experts who closely follow new developments in legislation and legal practices, optimizing innovative tools and restructuring best practices. All with the goal of perfecting the market and ensuring we remain at the forefront of the legal sector.

The local and international reach of the Garrigues office network makes us an excellent ally for any party involved in complex restructuring or insolvency proceedings. We are able to approach each situation with a full understanding of the law, providing expert advice in an area where leadership and anticipation are key.

At Garrigues we have garnered extensive experience in advising on distressed situations, from both a debtor and creditor perspective, and are well-versed in the incentives and levers on both sides of the table. We have taken part in some of the highest-profile deals and proceedings on the restructuring and insolvency market.

We also provide strategic advice to investors in distressed scenarios. Our client portfolio includes debt, equity and asset investors.

The department’s work has been hailed by the main international legal directories and specialist publications as an example of best practices and experience in distressed business management.

Our services

  • Liability management.
  • Capital restructuring: moratoriums, class formation, approval of restructuring plans, appointment of the restructuring expert.
  • Operational restructuring.
  • Distressed M&A: pre-pack administration / Section 363 sales.
  • Distressed transactions on secondary markets.
  • Bankruptcy litigation.
  • Directors’ liability.

Global head

Adrián Thery Martí - Garrigues

Adrián Thery

+34 91 514 52 00



Global head

Foto del socio

Carlos Rapallo

+48 22 540 6100



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