Overview

• Magistrate Amelia Pérez Mosteiro voided the March–April 2024 capital increases in Atunlo Cambados and O Grove after finding they were executed during the pre-insolvency window.
• The court determined that shell companies Tonno del Pacífico and Smellingreen Lda served as fronts to strip four of Atunlo’s five core processing assets without fair compensation.
• ADV Concursal y Pericial’s patrimonial-emptying claim led to the reversal of asset transfers and the reinstatement of Atunlo’s ownership of the two plants.
• Any future sale of the O Grove and Cambados facilities must now benefit Atunlo’s creditors under the non-final judgment.
• The sentence remains subject to appeal, leaving the timeline for restructuring and creditor recovery contingent on further court proceedings.