RT Report T1 Refinancing, debt for equity agreements and takeover bids under Spanish law A1 Arias Varona, Francisco Javier AB This paper focuses on the connection between agreed solutions to the insolvency of listed companies implying changes in corporate control and the rules governing takeover bids. The solution to insolvency problems sometimes leads to a change in corporate control, namely when the solution involves modifying the capital structure of the company. In such cases, when the insolvent entity is a listed company, takeover bid regulation must be taken into account, as it can render the operation impossible or economically useless, if the change in control of the company must be accompanied by a mandatory takeover bid. As seen below, there are specific rules governing these scenarios. This paper reviews how Spanish Law deals with the situation, although certain general ideas will be initially provided as an introduction to the problem. YR 2011 FD 2011 LK https://hdl.handle.net/20.500.14352/48998 UL https://hdl.handle.net/20.500.14352/48998 LA spa NO Ponencia presentada en "VIII Seminar Harvard-Complutense" celebrado los días 27, 28, 29 y 30 de septiembre de 2010 con el título "Mergers and acquisitions in the context of the financial crisis" DS Docta Complutense RD 16 abr 2025