Best Lawyers in Spain for Equipment Finance Law

The financing of the acquisition of equipment by companies and professionals is usually structured either through standard credit transactions or by means of different types of leases, with pay-per-use solutions also being implemented in certain cases.

These transactions also include security packages and sometimes ancillary services, such as the storage of the goods and arranging their insurance. Foreign exchange or interest rate hedging through options or swaps is also common in this type of financing.

Attorneys practicing in this area advise banks and other specialized credit institutions, lessors and lessees, buyers, manufacturers, and suppliers, as well as government agencies regarding domestic and cross-border transactions concerning a wide range of categories of equipment across various industries (such as commercial vehicles, aircrafts, ships, railroad equipment, agricultural and construction equipment, manufacturing equipment, office equipment, computer equipment and software, telecommunications equipment, mining, petroleum and other conventional and renewable energy facilities, etc.).

Since tax optimization is essential to the financing and leasing of equipment, finance and tax teams need to work together in order to ensure that the transaction is structured in the most efficient manner so as to meet the client’s needs not only from an operational point of view but also from a tax standpoint.

This practice also deals with situations where, for instance, the financing transaction may be in default or the equipment itself may be problematic for different reasons, which underlines the importance for the attorneys giving advice concerning the financing of equipment to be familiar with the specific issues of each class of asset and with bankruptcy law in general.