The Commerce Court number 1 in Las Palmas de Gran Canaria agreed this week to declare necessary bankruptcy for tourism companies Anfi Sales SL and Anfi Resorts. There will be an appeal against that judgement heard before the Provincial Court, although it will not be suspensive, that is to say it will not impede the judgement.
Judge Alberto López Villarrubia accepted the request made last year by the company Isla Marina SL. to declare the companies bankrupt. The debtors - part of the Anfi group under the control of the Santana Cazorla Group - have been suspended in their powers of administration and disposition of assets, meaning they are no longer free to make decisions pertaining to those two companies, nor can they dispose of any assets belonging to those companies, powers now assumed by the administrators: Par Conditio SLP.