Oak Hill’s backing of Urbas’s viability plan could avert liquidation and stabilize the construction sectorExecutive summary: Oak Hill has expressed support for Urbas’s viability plan, securing enough creditor backing to prevent the firm’s liquidation. The endorsement could avert a costly bankruptcy, protect employment in the construction sector, and affect creditor negotiations in comparable distressed real‑estate situations. Oak Hill, Urbas, and the creditor committee. Further negotiations may finalize the restructuring terms, potentially impacting other Spanish developers facing similar pressures.Oak Hill announced support for Urbas’s restructuring proposal, securing commitments equivalent to 61.57% of creditor claims and thereby avoiding the start of liquidation proceedings. This move preserves jobs in the construction industry and signals investor confidence in distressed real‑estate projects. The endorsement may influence creditor negotiations across similar Spanish property cases.Connected developmentsFed signals possible rate hike amid Middle East inflation pressuresOpen the full case file on Beyond →
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