KPMG legal played a major role supporting real estate and construction group Martinfa-Fadesa. The team acted as legal advisors to KPMG’s Deal Advisory team, which was appointed as the company’s insolvency receiver by A Coruña’s Commercial Court, and also provided advice to creditor Bankinter. The team supported throughout the insolvency proceedings, including advising on the sale of numerous real estate assets to maximise the value of the company's estate in the liquidation phase and repay creditors.

KPMG advised Fandicosta, a seafood company, as court-appointed restructuring expert. The restructuring plan was approved by the relevant Commercial Court in May 2024. KPMG worked to align the interests of the debtor and its creditors, and to provided solutions to ensure the debtor’s viability.

Elsewhere, the team was also mandated to develop a set of policies and procedures for Banco Santander to engage with stakeholders in the crypto and digital assets space. The policy framework covered transactions and services agreed by Banco Santander with custodians, brokers, and potential virtual-asset providers.

Personnel Changes

Leovigildo Domene joined as a partner in the financial services department from Deloitte Legal in January 2025. KPMG’s restructuring and insolvency practice was further strengthened with the arrival of partner Alexandra Borrallo, formerly of Clifford Chance.