TAILORED LEGAL SOLUTIONS

Distressed Assets (NPL & REO) in Spain

Our team of expert advisors advises international investors, financial institutions and asset managers on the acquisition, structuring and legal due diligence of distressed assets, non-performing loans (NPLs) and real estate owned (REO) portfolios across Spain.

Step guide

How We Guide Your Investment

01

Investment Assessment

We begin by understanding your investment strategy, target asset class and commercial objectives. Whether you are acquiring a single distressed asset or an institutional portfolio, our advice is tailored to the complexity of the transaction.

02

Legal Due Diligence

Our lawyers conduct a comprehensive legal review covering:

  • Ownership
  • Security interests
  • Existing litigation
  • Insolvency status
  • Regulatory matters
  • Urban planning
  • Title verification
  • Encumbrances
  • Occupancy status
  • Recovery prospects

Our due diligence also includes analysing loan documentation, debt structures, guarantees, mortgage priority, enforcement procedures and potential legal liabilities to identify risks before any investment decision is made.

03

Risk Analysis

Following due diligence, we prepare a comprehensive legal report identifying:

  • Material legal risks
  • Recommended mitigation measures
  • Key transaction considerations
  • Commercial implications

This allows investors to evaluate opportunities with complete transparency before committing capital.

04

Structuring the Acquisition

Where appropriate, we advise on the most suitable acquisition structure from both a legal and tax perspective.

Depending on the investment, this may involve:

  • Direct acquisitions
  • Spanish SPVs
  • International holding structures
  • Joint ventures
  • Fund structures
05

Negotiation & Closing

We negotiate transaction documentation, coordinate completion and ensure compliance with all legal requirements.

Our lawyers work alongside financial advisors, banks, asset managers and institutional counterparties to facilitate efficient execution.

06

Post-Acquisition Support

Following completion, we continue assisting clients with:

  • Asset management legal issues
  • Corporate restructuring
  • Refinancing
  • Asset disposals
  • Debt recovery
  • Litigation strategy
  • Portfolio optimisation
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In memory of Vicente Ortiz padre, who built the foundation we work on.
SERVICES WITHIN THIS PRACTICE

NPL & REO Legal Services

Legal Due Diligence

We conduct a comprehensive legal review of the underlying assets, debt structures, security interests, title status and potential legal liabilities before any acquisition is completed.

Our legal due diligence includes:

  • Ownership verification
  • Security interests
  • Existing litigation
  • Insolvency proceedings
  • Regulatory matters
  • Urban planning issues
  • Title verification
  • Encumbrances
  • Occupancy status
  • Recovery prospects

NPL Portfolio Analysis

We analyse loan documentation, collateral, guarantees, enforcement procedures and recovery prospects to provide investors with a clear legal assessment before acquiring non-performing loan portfolios.

REO Transactions

We advise on the acquisition and disposal of bank-owned and lender-owned real estate portfolios, ensuring every transaction is legally secure and commercially efficient.

Transaction Structuring

We recommend the most appropriate acquisition structure based on the investor’s objectives, considering legal, tax and corporate implications.

Contract Negotiation

We draft, review and negotiate purchase agreements, portfolio transfer documentation, confidentiality agreements and all transaction documents to protect our clients throughout the investment process.

Regulatory Advice

We advise institutional and cross-border investors on the regulatory framework applicable to distressed asset transactions in Spain, helping ensure full legal compliance.

PRIVATE CONSULTING

Every distressed investment presents unique legal and commercial challenges.

At Vicox Legal, we provide strategic legal advice tailored to each transaction, whether involving a single distressed property, an NPL portfolio or a large-scale REO acquisition.

Our private consulting may include:

  • Investment Strategy
  • Acquisition Strategy
  • Spanish SPV Structuring
  • International Holdings
  • Joint Venture Advisory
  • Fund Structuring
  • Tax Strategy
  • Cross-Border Advisory
  • Portfolio Acquisitions
  • Ongoing Legal Support

 

Our multidisciplinary team combines expertise in real estate, litigation, corporate law and international tax to help investors identify opportunities, minimise legal exposure and execute transactions with confidence.

Countries

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Speak with the firm.

A 30-minute private consultation. We name the matter back to you in one sentence before proposing scope. We quote the fee before any work begins. If we cannot help, we say so.