Spain. The Transport Finance Law Review
It is important to consider that the climate for transport asset financing in Spain does not significantly diverge from that of general financing. Undoubtedly, the covid-19 pandemic and the measures taken to bring it under control have affected the Spanish economy.
In this context, market-standard clauses in loan transactions are being revisited, such as those on force majeure, mandatory prepayments and financial covenants. Also of note is the increasing regulatory pressure (Basel III, etc.).