Norade Miguel


Madrid + 34.91.787.9497

Nora de Miguel focuses her practice on insolvency law, representing debtors, creditors, companies in distress, directors, and lenders on corporate dispute resolution and directors' liability.

Nora has participated in contract disputes, real estate registration law, insolvency proceedings, and corporate disputes (between shareholders, challenges to corporate resolutions, and directors' liability).

Nora recently participated in advising a group of domestic and international lenders in the court restructuring and subsequent insolvency proceedings of Grupo Isolux Corsan and in advising a variety of hedge funds and investment banks in connection with the bankruptcy proceedings of several toll road operators.


  • Orange and Masmovil combine in €18.6 billion mergerJones Day advised Orange, S.A. ("Orange"), one of the world's leading telecommunications operators, on the combination of their telecom business in Spain with Masmovil, one of the leading telecommunications operators in Spain, for an enterprise value of €18.6 billion (€7.8 billion for Orange Spain and €10.9 billion for Masmovil).
  • Convertible lenders of Celsa obtain approval of first non-consensual restructuring planJones Day advised a group of clients as lenders under a junior debt instrument advanced to the Celsa group, a family-owned business and one of the largest manufacturers of long steel products in Europe.
  • Diebold Nixdorf obtains $1.25 billion senior secured exit credit facilityJones Day represented Diebold Nixdorf, Incorporated, a multinational financial and retail technology company that specializes in the sale, manufacture, installation, and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets, in connection with a new $1.25 billion senior secured term loan facility as part of it’s emergence from chapter 11 bankruptcy and other domestic and foreign court-supervised restructuring proceedings.
  • Diebold Nixdorf successfully restructures over $2.7 billion in funded debt and completes the first-ever dual proceeding under the U.S. bankruptcy code and Dutch restructuring law in 71 daysIn the first-ever cross border restructuring involving dual main proceedings under chapter 11 of the U.S. Bankruptcy Code and a scheme of arrangement (the "Dutch Scheme") under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord ("WHOA")), and the first-ever chapter 15 recognition of Dutch Scheme proceedings and a sanctioned WHOA reorganization plan (the "WHOA Plan"), Jones Day represented Diebold Nixdorf, Incorporated ("Diebold") and certain of its U.S. and Canadian subsidiaries (the "Debtors") in connection with (i) the prepackaged chapter 11 cases of In re Diebold Holding Company, LLC, et al., (Case No. 23-90602-DRJ) commenced on June 1, 2023, in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"); (ii) the Dutch Scheme, commenced on June 1, 2023 by Diebold Nixdorf Dutch Holding B.V. (the "Dutch Issuer") in the District Court of Amsterdam (the "Dutch Court"), and (iii) the chapter 15 proceedings before the Bankruptcy Court commenced by the foreign representative of the Dutch Issuer, wherein the Bankruptcy Court recognized the Dutch Scheme proceeding as a foreign main proceeding and recognized and extended comity to the WHOA Plan that was sanctioned by the Dutch Court.
  • Leading automotive components and systems supplier obtains $100 million senior secured term loan facilityJones Day represented a leading automotive components and systems supplier in connection with a $100 million senior secured term loan facility.
  • Spanish securitization fund acquires distressed debt of Spanish motorway concessionairesJones Day represented a Spanish securitization fund sponsor in the acquisition of the distressed debt of a bankrupt Spanish motorway concessionaires.
  • London-based special situations fund acquires luxury residential building in Marbella (Spain)Jones Day advised a London-based special situations fund in its acquisition of a luxury residential building in Marbella (Spain) out of insolvency proceedings.
  • Banco Santander, Bankia, and Caixabank-led syndicate refinances Tranche A for €445.6 millionJones Day represented a syndicate of lenders including, among others, Banco Santander, S.A.; Bankia, S.A.; and Caixabank, S.A. in connection with a refinancing agreement with Grupo Isolux Corsán, S.A. and other companies of its group of the Tranche A provided by the syndicate of lenders under the refinancing agreement executed on December 16, 2016 for an amount of €445.6 million.