Spain. The Transport Finance Law Review
Isabel Aguilar Alonso, Carlos López-Quiroga Teijeiro, Luz Martínez de Azcoitia Cervigón, Nicolás Nägele García de Fuentes, Diego José Pérez Rodríguez, José Sánchez-Fayos Martín-Peña.
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.).
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