Transaction work
- Legal and documentary due diligence.
- Valuation and asset-perimeter review.
- Pre- and post-exit security architecture.
- Fully executed external term sheet and extension.
- Coordination with advisers and financiers.
DUE DILIGENCE + DEBT + SECURITY + CLOSING
Cuatrecasas knew and worked within the ONA architecture
The September 2018 record does not show Cuatrecasas as an outside observer. Its professionals participated in debt quantification, submission strategy, security and closing work together with Carlos Sanz, Daniel Irigoyen and the LPB/Aweswell side.
Insolvency work
- Final claims texts and debt figure.
- Post-petition and privileged claims.
- Draft request for certification/update.
- Meeting strategy with judge and AC.
- Exit through payment or consignation to all creditors.
Especially probative fact.
Within the drafting chain, a Cuatrecasas professional agreed to remove a subtle reference to ONA from one submission. That does not remove ONA from the project: it shows that ONA was known and within the strategy even though it was deliberately not named in that particular document.
Attribution control.
The Cuatrecasas/Rosa Gual lane is now fixed alongside Carlos, Daniel, ONA/Clubotel, Juan Tomás, the AC and the judge-as-reported-by-Daniel in the ONA documented fact matrix. This prevents the integrated conclusion from being confused with a joint declaration by the professionals involved.
The September 2018 chain
| Participant | Documented contribution | Evidential value |
|---|---|---|
| Carlos Sanz | Insists that a reliable figure is vital to resolving the proceeding and coordinates strategy. | Practical payment/exit objective, not abstract litigation. |
| Daniel Irigoyen | Reports that the judge was told finance was approved for payment/consignation to all creditors and proposes AC/Court meetings. | Attributed procedural knowledge and all-creditor objective. |
| Rosa Gual Tomás / Cuatrecasas team | Drafting, debt scenarios, treatment of the ONA reference and meeting participation. | Professional knowledge of the link between ONA, debt and exit. |
| Juan Tomás Parrilla | Final-text, claims and disputed-amount analysis. | Legal framework of the amount to be financed. |
Open professional examination.
The record must reconstruct what Cuatrecasas received, which condition it assigned to each actor, what closing documents it prepared, what warnings it gave, what effect it attributed to the control takeover and what contemporaneous reason it recorded for the routes not converting into facility, drawdown, consignation or conclusion. It must also explain why the ONA reference was removed and whether that choice affected the Court's understanding of the package.
Attribution limit.
Cuatrecasas participation and omission of one reference do not alone prove negligence, concealment or crime. The page preserves examination of mandate, duties, strategy, causation and any professional or privileged explanation.
Documents to preserve and produce
- Engagement letters, scopes, instructions and conflicts.
- Data room, indices, versions, redlines and condition lists.
- Legal, tax, corporate, property and operational due diligence.
- Debt models, final claims texts and reconciliations with the plan figure.
- Term sheets, security, closing checklists, internal minutes and financier communications.
- Documents concerning ONA, Clubotel, Nacho Barrau, Stoneweg/Varia, Elaia/Lagune and the later external route.
- Recorded reason for continuing, modifying, suspending or abandoning each route.