Cuatrecasas, Gonrcalves Pereira has advised GRUPO EMPRESARIAL ALCO on submitting and processing the early composition agreement with the company's creditors, attaining the approval of the competent court within 10 months of the company's declaration of insolvency.

On October 22, 2015, the judge approved the early composition  agreement submitted by GRUPO EMPRESARIAL ALCO to which more than 91% of the liability affected by the agreement acceded, thus bringing the common phase of the insolvency to a conclusion without having to open the agreement phase. The early composition agreement approved some debt relief and deferrals, based on creditor type and the amount of credit held.

GRUPO EMPRESARIAL ALCO is the third leading equipment leasing company in Spain.