The company Vértice360 has completed its financial restructuring with advising from the firm PradaGayoso

The listed company Vértice Trescientos Sesenta Grados SA has notified the relevant event to the Spanish National Securities Market Commission that it has met all of the payment obligations undertaken in its creditors agreement.

PradaGayoso advised Vértice360 in reaching a creditors agreement to enable the audio-visual production company to face its future with renewed optimism. The attorney and economist firm guided Vértice360 throughout the bankruptcy proceedings which ended with the approval of an agreement involving a 95% debt cancellation.

Javier Marquina, Project Manager at PradaGayoso, highlighted the credibility of the Business Plan for creditors as one of the keys to its success. “A company can overcome a bankruptcy if there’s a business owner with a desire to keep going, creditors that support the business and an insolvency receiver that does not create obstacles. Our role is to seek joint efforts and offer our experience to persuade creditors that as difficult as a debt cancellation may be at first, it is usually better in the long-term than a liquidation.”