Overview

• The court found that the €504 million intragroup loan was legally unenforceable from its origin after years of tacit extension without formal reclamation.
• Judge Florencio Molina ruled there was no evidence that Rubiralta’s conduct inflicted direct, effective harm on Celsa’s assets.
• The disputed credit originated in a 2009 family settlement when one branch retained Celsa and the other took control of Werfen.
• Creditors assumed control of Celsa in September 2023 after a ruling that the Rubiralta family’s debts exceeded the company’s value.
• Two additional social responsibility lawsuits remain pending, one over a €22 million loan alleged to be fraudulent and another alleging excessive executive compensation.