The magazine 3 Economy has interviewed in his june edition to the partners of Tomarial Antonio Ballester and Tomás Vázquez Lépinette, focusing the information on the way in which companies are managing the crisis situation created by the COVID-19 pandemic. "It is vital to protect the cash and act quickly to overcome the crisis," headlines the interview Economía 3, quoting one of the statements of the firm's managing partner, Antonio Ballester.
The economic magazine highlights that lawyers and financial advisors are supporting companies to overcome the crisis and questions the two founding partners of Tomarial about this. Antonio Ballester considers that the current situation is very different from that of 2008 and advises, first of all, to "protect the cash" because "the treasury in these cases is essential and requires acting quickly... The cash is to an organization what oxygen is. to a submariner. Ballester recommends companies seek financing as a top priority at this time. The partner of the Legal Area of Tomarial, Tomás Vázquez Lépinette, also affects access to financing as one of the keys to ensuring that ERTE do not become ERE: «It is important to know well the bankruptcy instruments and, especially the pre-bankruptcy ones. A good use of the refinancing mechanisms and the early proposal of an agreement can avoid the loss of many jobs.
Regarding the repeal of the labor reform and the increase in taxes, two measures announced by the Government, Tomarial's partners consider that they may have a negative effect on the Spanish economy. Antonio Ballester believes that a higher tax burden "can even delay the exit from the crisis" and Tomás Vázquez Lépinette points out that a complete repeal of the labor reform "means returning to obsolete formulas that have already proven to be useless."
