1. Purpose The Fund to support the solvency of strategic companies (“Fund”) is aimed at offsetting the impact of the health emergency on solvent companies’ balance sheets, when these are considered strategic for the national or regional productive and economic fabric, among other reasons, on account of their significant social and economic impact, their role in terms of security, public health, infrastructure, communications or their contribution to the smooth operation of the markets, in cases…

Ruling 155/2020, of 30 April, issued by the Court of First Instance No. 60 of Madrid – Celsa group case – The Court of First Instance No. 60 of Madrid in its ruling dated 30 April 2020 (the “Ruling”) awarded interim relief to various Spanish companies of the Celsa group on the grounds of the rebus sic stantibus doctrine in order to suspend payment obligations and financial covenants under a refinancing agreement as a result…