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SPANISH LEGAL ASPECTS OF THE TRADING OF NON-PERFORMING LOANS

July 2012 - Finance. Legal Developments by PEREZ-LLORCA.

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Spain has recently been referred to as one of the "hottest" European countries in terms of debt sales, specifically of non-performing loans. This should not come as a surprise in a scenario in which independent audits as of June 2012 revealed a EUR 62 billion capital shortfall in Spanish banks and in which the Spanish rate of non-performing loans stayed above eight per cent of all loans.

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