{
  "schema": "por-derecho.sun-park-actua-documentary-journey.v1",
  "id": "PD-SP-ACTUA-JOURNEY-20260913-01",
  "date": "2026-09-13",
  "status": "SOURCE_QUALIFIED_READER_MODEL_NOT_CRIMINAL_FINDING",
  "geometry_source": "assets/data/sun-park-approved-site-reference-20260912.json",
  "master_image_sha256": "1408749b09a970e31b638a4de514c521f5889cfeb9558c816e378c16fdf10e93",
  "canonical_controls": ["assets/data/cam-offer-clause-audit-20260911.json", "assets/data/sun-park-actua-gesvalt-forensic-comparison-v1.json", "assets/data/sun-park-valuation-document-use-audit-20260912.json", "assets/data/sun-park-valuation-offer-incident-docket-20260910.json", "archive/CALIFICACION_FISCALIA_SOURCE_GAP_CLOSURE_ADDENDUM_16AUG2026.md"],
  "public_projection_policy": "This file is a minimized public reader derivative. It contains no mailbox/provider identifiers, private correspondence, personal contacts, bank accounts or privileged advice. Canonical controls are provenance references, not an instruction to project their private metadata.",
  "amounts": {"whole_complex": "9776003.13", "whole_accommodation_count": 220, "lpb_apartment_count": 159, "actua_per_apartment": "41556.93", "cam_allocation": "7065384.42", "ac_allocation": "6607551.87", "allocation_difference": "457832.55", "asserted_debt_20171020": "12251446.21", "claimed_waiver": "5186061.79", "service_reference": "489361.96", "service_cash_offer": "400000.00", "service_difference": "89361.96", "deed_debt_consideration": "13168082.02"},
  "proof_boundaries": {"calculation_workbook_recovered": false, "arithmetic_proves_actor_reasoning": false, "full_hotel_transferred_by_lpb": false, "all_31_offer_finca_identities_reconciled": false, "pool_asterisk_means_zero": false, "depreciation_applies_to_total_land_and_buildings": false, "all_2018_2019_effects_reversed_proved": false, "deed_amount_is_cash_receipt": false, "criminal_intent_or_coordination_found": false, "source_photos_geolocated_to_blocks_4_5": false, "later_title_validates_earlier_control": false},
  "copy": {
    "en": {"kicker": "SUN PARK · DOCUMENTS → REASONS → DECISIONS → EFFECTS", "title": "One hotel. Two mechanisms. One contested chain.", "lead": "Follow how ACTUA entered CAM’s offer, the insolvency administrator’s recommendation, the court-approved process and its later execution. Each connection identifies what the source establishes—and what remains to be proved.", "allegation": "PROJECT ALLEGATION · Gil Marer / Aweswell allege that misleading valuation premises and selective use of the hotel’s integrated character produced an acquisition advantage and frustrated alternatives. This presentation tests that allegation; it does not declare fraud, corrupt coordination or criminal guilt established.", "legend": "DOC = documentary statement or recorded act · INFERENCE = stated reasoning or calculation, not a finding · CONTRARY = material counter-record · OPEN = unresolved proof · HIP = attributed hypothesis.", "show_all": "Read all six stages", "show_one": "Return to step-by-step", "hotel": "Hotel function", "estate": "Transaction perimeter", "map_caption": "Exact owner-approved illustrative reference. Not a survey, native aerial photograph, current-title certificate or location of the ACTUA photographs. Transaction groups below are logical groups, not coloured parcel boundaries.", "hotel_note": "262 titles support one connected hotel: 220 accommodation, 40 commercial/service and 2 pool/solarium. Functional dependence does not enlarge anyone’s title.", "estate_note": "The plan describes LPB’s estate as 159 apartments plus 29 service/locales and 2 pool/solarium titles. Other hotel properties remain outside that estate. The offer’s 8579/8519 list anomaly is unresolved.", "sources": "Inspect the source and the boundary", "open_record": "Open the existing documentary record", "source_boundary": "These cards are source-qualified summaries and short extracts, not facsimiles or certified court copies. Existing documentary pages remain available; a missing public original is not silently replaced by a reconstruction.", "facilities_title": "The same facilities. Three uses of their dependence on the hotel.", "facilities_lead": "The hotel relationship stays the same. The document, reasoning and procedural consequence change.", "ledger_title": "Keep these four columns separate", "ledger_labels": ["Valuation", "Proposed terms", "Reported cash", "Debt consideration"], "ledger_notes": ["ACTUA figures and allocations; not realised cash.", "CAM’s price and approximate waiver; validity and conditions require reconciliation.", "€400,000: the AC reported receipt and applications in December 2018. Independent accounting remains a separate test.", "€13,168,082.02 in Protocol 457: stated debt consideration, not that amount paid into the estate."], "upstream_title": "Upstream allegations remain visible—not silently proved", "upstream": "The proposed Montelanza/Molina → CAM connection requires unit, condition, access, information-provider and later-use evidence for each actor. ACTUA’s mixed 13-photo record and three clear apartment interiors do not identify Blocks 4–5 or their owners. 44, 60 and 61 are different source denominators.", "chronology_title": "No retrospective authority", "chronology": "Physical control in June 2018, a disposal approval, a 2019 prosecutorial statement and a 2022 conveyance are different events. A later decision cannot cause an earlier belief or retrospectively authorize every earlier act. The separate Fiscalía analysis must identify its actual received documents and stated reasons.", "correction_title": "Dated clarification · 13 September 2026", "correction": "The two 159-unit figures can now be reproduced by different arithmetic allocations. This narrows earlier wording that their numerical difference was unexplained; the choice, purpose and institutional treatment of those allocations remain open. Earlier versions and contrary evidence are preserved below.", "recovery_title": "What would close the remaining links?", "recovery": "The calculation workbook and accepted price formula; original transfer and payment records; exact post-2019 restitution/Registry acts; bidder disclosures; and the debt, interest, waiver and cash reconciliation. Those are existing case-evidence obligations, not invented proof.", "full_record": "The complete earlier record continues below", "source_panel_close": "Close source details"},
    "es": {"kicker": "SUN PARK · DOCUMENTOS → RAZONES → DECISIONES → EFECTOS", "title": "Un hotel. Dos mecanismos. Una cadena controvertida.", "lead": "Siga cómo ACTUA pasó a la oferta CAM, a la recomendación del administrador concursal, al proceso aprobado judicialmente y a su ejecución. Cada conexión distingue lo que acredita la fuente de lo que falta por probar.", "allegation": "ALEGACIÓN DEL PROYECTO · Gil Marer / Aweswell denuncian que premisas de valoración engañosas y el uso selectivo del carácter integrado del hotel produjeron una ventaja de adquisición y frustraron alternativas. Esta presentación contrasta esa alegación: no declara probados fraude, concertación corrupta ni culpabilidad penal.", "legend": "DOC = afirmación documental o acto registrado · INFERENCIA = razonamiento o cálculo, no declaración judicial · CONTRARIO = contrapeso material · ABIERTO = prueba pendiente · HIP = hipótesis atribuida.", "show_all": "Leer las seis etapas", "show_one": "Volver al recorrido por etapas", "hotel": "Función hotelera", "estate": "Perímetro de la operación", "map_caption": "Referencia ilustrativa exacta aprobada por el propietario. No es un levantamiento, una fotografía aérea nativa, certificación de titularidad actual ni geolocalización de las fotos ACTUA. Los grupos de la operación son lógicos, no límites parcelarios coloreados.", "hotel_note": "262 títulos sostienen un hotel interconectado: 220 alojamientos, 40 fincas de locales/servicios y 2 de piscina/solárium. La dependencia funcional no amplía la titularidad de nadie.", "estate_note": "El Plan describe la masa de LPB como 159 apartamentos más 29 locales/servicios y 2 fincas de piscina/solárium. Otras propiedades del hotel quedan fuera de esa masa. La anomalía 8579/8519 de la lista de la oferta sigue abierta.", "sources": "Examinar la fuente y su límite", "open_record": "Abrir el registro documental existente", "source_boundary": "Estas fichas son resúmenes y extractos breves con control de fuente, no facsímiles ni copias judiciales certificadas. Las páginas documentales existentes siguen disponibles; un original público ausente no se sustituye silenciosamente por una reconstrucción.", "facilities_title": "Las mismas instalaciones. Tres usos de su dependencia del hotel.", "facilities_lead": "La relación hotelera permanece. Cambian el documento, el razonamiento y la consecuencia procesal.", "ledger_title": "Mantener separadas estas cuatro columnas", "ledger_labels": ["Valoración", "Condiciones propuestas", "Efectivo declarado", "Contraprestación en deuda"], "ledger_notes": ["Cifras y distribuciones ACTUA; no efectivo realizado.", "Precio y condonación aproximada CAM; validez y condiciones pendientes de conciliación.", "400.000 €: el AC declaró su cobro y aplicaciones en diciembre de 2018. La contabilidad independiente es una prueba distinta.", "13.168.082,02 € en el Protocolo 457: contraprestación declarada en deuda, no ingreso de ese efectivo en la masa."], "upstream_title": "Las alegaciones anteriores siguen visibles, no se dan por probadas", "upstream": "El enlace propuesto Montelanza/Molina → CAM exige prueba de finca, estado, acceso, informante y uso posterior para cada actor. Las 13 fotos mixtas ACTUA y los tres interiores claros no identifican los bloques 4–5 ni sus propietarios. 44, 60 y 61 son universos de fuentes diferentes.", "chronology_title": "Sin autorización retroactiva", "chronology": "Control material en junio de 2018, aprobación de una enajenación, una afirmación fiscal de 2019 y transmisión en 2022 son hechos distintos. Una decisión posterior no puede causar una creencia anterior ni autorizar retroactivamente todos los actos previos. El análisis separado de Fiscalía debe identificar los documentos efectivamente recibidos y sus razones expresas.", "correction_title": "Aclaración fechada · 13 de septiembre de 2026", "correction": "Las dos cifras de 159 apartamentos pueden reproducirse mediante distribuciones aritméticas distintas. Se precisa así la anterior descripción de una diferencia numérica sin explicar; su elección, finalidad y tratamiento institucional siguen abiertos. Las versiones anteriores y los contrapesos se conservan más abajo.", "recovery_title": "¿Qué cerraría los enlaces pendientes?", "recovery": "La hoja de cálculo y fórmula de comparación aceptada; títulos originales y pagos; actos concretos de restitución/Registro posteriores a 2019; información a postores; y conciliación de deuda, intereses, condonación y efectivo. Son obligaciones probatorias ya existentes, no prueba inventada.", "full_record": "El registro anterior completo continúa más abajo", "source_panel_close": "Cerrar detalle de fuentes"}
  },
  "sources": [
    {"id":"ACTUA-2018-PRIMARY","date":"2018-01-15","status":"DOC","pinpoint":{"en":"Original report, service-property explanation and individual valuation schedule; printed pp. 2, 45–46.","es":"Informe original, explicación de instalaciones y cuadro de valoración individual; pp. impresas 2, 45–46."},"route":{"en":"en/actua-2018-spatial-test/","es":"es/actua-2018-prueba-espacial/"},"title":{"en":"ACTUA · valuation and functional dependence","es":"ACTUA · valoración y dependencia funcional"},"summary":{"en":"The individual schedule gives €41,556.93 per apartment. Fincas 8653/8654 carry asterisks because their value is included in the apartments, not a zero independent value. The photographic/access and purpose limitations remain material.","es":"El cuadro individual da 41.556,93 € por apartamento. Las fincas 8653/8654 llevan asteriscos porque su valor está incluido en los apartamentos, no un valor independiente cero. Siguen siendo relevantes los límites fotográficos, de acceso y finalidad."}},
    {"id":"CAM-OFFER-C04-C08-C10","date":"2018-01-15","status":"DOC","pinpoint":{"en":"CAM’s 12-page offer, pp. 5 and 7–10; inspect the conditions with the figures.","es":"Oferta CAM de 12 páginas, pp. 5 y 7–10; leer las condiciones junto con las cifras."},"route":{"en":"en/acosta-matos-2018-offer-liquidation-plan/","es":"es/oferta-acosta-matos-2018-plan-liquidacion/"},"title":{"en":"CAM · two mechanisms and a linked price justification","es":"CAM · dos mecanismos y justificación de precio enlazada"},"summary":{"en":"Construcciones Acosta Matos, S.A. proposed a €7,065,384.42 apartment limb and approximate €5,186,061.79 forgiveness against stated debt. It invoked that forgiveness when justifying €400,000 for the 31-property limb. Legal-form and finca-list discrepancies are not silently corrected.","es":"Construcciones Acosta Matos, S.A. propuso una rama de apartamentos de 7.065.384,42 € y condonación aproximada de 5.186.061,79 € frente a la deuda declarada. Invocó esa condonación para justificar 400.000 € por la rama de 31 fincas. No se corrigen silenciosamente las discrepancias de forma social o lista registral."}},
    {"id":"AC-PLAN-5.5","date":"2018","status":"DOC","pinpoint":{"en":"Plan §5.5, printed pp. 9–12 (physical pp. 11–14 of the reviewed 16-page manifestation).","es":"Plan §5.5, pp. impresas 9–12 (pp. físicas 11–14 de la manifestación examinada de 16 páginas)."},"route":{"en":"en/acosta-matos-2018-offer-liquidation-plan/","es":"es/oferta-acosta-matos-2018-plan-liquidacion/"},"title":{"en":"AC · source transmission and economic recommendation","es":"AC · transmisión y recomendación económica"},"summary":{"en":"The AC says CAM supplied ACTUA for a purchase/dación proposal, attaching the valuation as Annex I and offer as Annex II. He compares €6,607,551.87 to €12,251,446.21, predicts no auction surplus, and infers CAM is the only likely purchaser of the service properties. The plan states that the whole-complex value includes property outside LPB’s estate.","es":"El AC declara que CAM remitió ACTUA para una propuesta de compra/dación, incorporando tasación como Anexo I y oferta como Anexo II. Compara 6.607.551,87 € con 12.251.446,21 €, prevé ausencia de remanente en subasta e infiere que CAM es el único comprador potencial de las instalaciones. El Plan advierte que la cifra global incluye bienes ajenos a la masa LPB."},"extract":"lo que hace suponer a la AC que el único comprador potencial de las mismas es la entidad Construcciones Acosta Matos, S.A."},
    {"id":"C36-E008","date":"2018-04-16","status":"DOC","pinpoint":{"en":"Approval order: objections, qualifications and operative disposal provisions.","es":"Auto aprobatorio: objeciones, matizaciones y parte dispositiva de realización."},"route":{"en":"en/insolvency-36-2012-orders-decisions/","es":"es/concurso-36-2012-autos-resoluciones/"},"title":{"en":"Court · qualified approval, not endorsement of every premise","es":"Juzgado · aprobación matizada, no validación de toda premisa"},"summary":{"en":"The order records the lower-valuation objection and a higher competing valuation, and approves the disposal with publicity and an opportunity for improved bids. It records presentation of the plan on 18 January; the recovered filename/earlier page uses 9 February, which remains a version/date distinction, not a silent correction.","es":"El Auto recoge la objeción a la rebaja y una tasación superior, y aprueba la realización con publicidad y oportunidad de mejores posturas. Registra presentación del Plan el 18 de enero; el nombre recuperado/la página anterior usa 9 de febrero, diferencia de fecha/versión que no se corrige en silencio."}},
    {"id":"S05-C36-STAY","date":"2018-06-26","status":"CONTRARY","pinpoint":{"en":"Operative stay affecting the specified apartment realisation.","es":"Suspensión dispositiva de realización de los apartamentos identificados."},"route":{"en":"en/acosta-matos-2018-offer-liquidation-plan/","es":"es/oferta-acosta-matos-2018-plan-liquidacion/"},"title":{"en":"Court · a real suspension, not a possession order","es":"Juzgado · suspensión real, no autorización posesoria"},"summary":{"en":"The June stay is a real contrary/protective act. It follows the alleged 7 June material-control shift and must not be drawn as an already-existing order breached on that day.","es":"La suspensión de junio es un contrapeso y acto protector real. Es posterior al cambio de control material alegado de 7 de junio y no debe dibujarse como orden ya vigente e incumplida ese día."}},
    {"id":"AC-QUARTERLY-20181220","date":"2018-12-20","status":"DOC","pinpoint":{"en":"AC quarterly report: 28 November deed, €400,000 cheque and applications.","es":"Informe trimestral AC: escritura de 28 de noviembre, cheque de 400.000 € y aplicaciones."},"route":{"en":"en/insolvency-administrator-reports/","es":"es/informes-administrador-concursal/"},"title":{"en":"AC · reported execution and receipt","es":"AC · ejecución y cobro declarados"},"summary":{"en":"The AC reported receipt and collection of the €400,000 cheque and payment of specified AC fees, with other creditor-payment steps. This is an AC-authored account, not independent bank reconciliation. Do not label the sum ‘never paid’.","es":"El AC declaró recepción y cobro del cheque de 400.000 € y pago de partidas de honorarios AC, junto con gestiones para otros acreedores. Es un relato del AC, no conciliación bancaria independiente. No describir la suma como «nunca pagada»."}},
    {"id":"S07-C36-NONCONVALIDATION","date":"2019-10-24","status":"CONTRARY","pinpoint":{"en":"Reasoning on unitary disposal, third-party competition, prior judicial error and refusal to convalidate Protocol 2150.","es":"Razonamiento sobre enajenación unitaria, concurrencia, error judicial previo y rechazo de convalidación del Protocolo 2150."},"route":{"en":"en/acosta-matos-2018-offer-liquidation-plan/","es":"es/oferta-acosta-matos-2018-plan-liquidacion/"},"title":{"en":"Court · separation contradicted the approved architecture","es":"Juzgado · la separación contradecía lo aprobado"},"summary":{"en":"The order states that the separate sale departed from the approved unitary process, acknowledges the court’s earlier error and explains why the facilities matter to improved integrated bids. It refuses convalidation and sets aside the December 2018 direction. Complete contractual, Registry, cash and possession reversal is not proved by that refusal alone.","es":"El Auto declara que la venta separada se apartó del proceso unitario aprobado, reconoce el error anterior del Juzgado y explica la importancia de las instalaciones para mejores ofertas integradas. Rechaza la convalidación y deja sin efecto la diligencia de diciembre de 2018. El rechazo por sí solo no prueba reversión completa contractual, registral, dineraria y posesoria."}},
    {"id":"C36-E044","date":"2021-05-18","status":"ADVERSE","pinpoint":{"en":"Definitive proposal approval; competition, publicity and bidder/bond findings.","es":"Aprobación definitiva; concurrencia, publicidad y pronunciamientos sobre postor/fianza."},"route":{"en":"en/2022-adjudication-documentary-reconstruction/","es":"es/adjudicacion-2022-reconstruccion-documental/"},"title":{"en":"Court · renewed process and definitive approval","es":"Juzgado · proceso renovado y aprobación definitiva"},"summary":{"en":"The later order approves CAM’s proposal by reference to the 2018 plan. The competing bidder’s bond/nonattendance and the court’s rejection of objections remain material adverse evidence. They are not omitted merely because the project challenges the process.","es":"El Auto posterior aprueba la propuesta CAM por referencia al Plan de 2018. La fianza/incomparecencia del postor alternativo y el rechazo judicial de objeciones siguen siendo contrapesos adversos. No se omiten porque el proyecto impugne el proceso."}},
    {"id":"PROTOCOL-457-2022","date":"2022-02-21","status":"DOC","pinpoint":{"en":"Protocol 457, operative dación provisions, pp. 28–29 of the controlled 76-page copy.","es":"Protocolo 457, estipulaciones de dación, pp. 28–29 de la copia controlada de 76 páginas."},"route":{"en":"en/2022-adjudication-documentary-reconstruction/","es":"es/adjudicacion-2022-reconstruccion-documental/"},"title":{"en":"Deed · execution by debt consideration","es":"Escritura · ejecución con contraprestación en deuda"},"summary":{"en":"The deed invokes the judicial approvals and execution of the liquidation plan. Its €13,168,082.02 is stated debt consideration, not a cash receipt of that amount. Mortgage-cancellation requests and the five-day court-reporting provision require their own execution evidence.","es":"La escritura invoca las aprobaciones judiciales y la ejecución del Plan. Los 13.168.082,02 € son contraprestación declarada en deuda, no cobro en efectivo de esa suma. Las solicitudes de cancelación hipotecaria y la previsión de comunicación judicial de cinco días exigen prueba propia de ejecución."}}
  ],
  "stages": [
    {"id":"hotel","number":1,"date":"262 / 159 + 31","kind":"DOC","sources":["AC-PLAN-5.5","ACTUA-2018-PRIMARY"],"en":{"label":"One hotel","title":"The whole hotel is not the insolvency estate.","text":"Start with the connected hotel, then separate the properties the plan proposes to transfer. LPB’s 159 apartments and 31 service/locales/pool titles are not all 262 hotel titles.","cards":[["262","Hotel titles"],["159","LPB apartment branch"],["31","LPB service/pool branch"]],"connection":"FUNCTIONAL DEPENDENCE → operational value, not enlarged ownership","question":"Which exact properties, functions and rights entered each transfer?"},"es":{"label":"Un hotel","title":"El hotel completo no es la masa concursal.","text":"Partir del hotel interconectado y separar después las fincas cuya transmisión propone el Plan. Los 159 apartamentos y 31 títulos de locales/servicios/piscinas LPB no son los 262 títulos del hotel.","cards":[["262","Títulos del hotel"],["159","Rama apartamentos LPB"],["31","Rama servicios/piscinas LPB"]],"connection":"DEPENDENCIA FUNCIONAL → valor operativo, no ampliación de dominio","question":"¿Qué fincas, funciones y derechos concretos entraron en cada transmisión?"}},
    {"id":"allocation","number":2,"date":"15 JAN / ENE 2018","kind":"INFERENCE","sources":["ACTUA-2018-PRIMARY","CAM-OFFER-C04-C08-C10","AC-PLAN-5.5"],"en":{"label":"Two allocations","title":"The same report. Two different 159-unit allocations.","text":"The arithmetic below reproduces CAM’s and the AC’s figures. It narrows the numerical discrepancy; it does not establish possession of the authors’ worksheets or their reason for selecting a particular allocation.","cards":[["€7,065,384.42","CAM allocation"],["€6,607,551.87","AC plan allocation"],["€457,832.55","Difference—not missing cash"]],"connection":"ALLOCATED DIFFERENTLY → trace the input used at each decision","question":"Which accepted calculation included which components, and why?"},"es":{"label":"Dos distribuciones","title":"Un informe. Dos distribuciones distintas para 159 apartamentos.","text":"La aritmética reproduce las cifras CAM y del AC. Precisa la discrepancia numérica; no acredita disponer de las hojas de sus autores ni su razón para elegir una distribución concreta.","cards":[["7.065.384,42 €","Distribución CAM"],["6.607.551,87 €","Distribución del Plan AC"],["457.832,55 €","Diferencia, no efectivo perdido"]],"connection":"DISTRIBUCIÓN DISTINTA → seguir la cifra usada en cada decisión","question":"¿Qué cálculo aceptado incluyó qué componentes y por qué?"}},
    {"id":"recommendation","number":3,"date":"OFFER → PLAN / OFERTA → PLAN","kind":"DOC","sources":["CAM-OFFER-C04-C08-C10","AC-PLAN-5.5"],"en":{"label":"Two arguments","title":"Valuation becomes an acquisition argument.","text":"For the apartments, the AC predicts no surplus after the stated mortgage burden. For the facilities, he moves from dependence on the hotel to the inference that CAM is the only likely buyer. CAM links its claimed apartment-debt forgiveness to the service-property price.","cards":[["€5,186,061.79","CAM’s approximate claimed waiver"],["€489,361.96","ACTUA service reference"],["€400,000","Separate proposed cash price"]],"connection":"SUPPLIED → INFERRED → RECOMMENDED; the two price arguments stay connected","question":"Does dependence on the hotel justify ‘CAM is the only buyer’, or does it call for integrated competition?"},"es":{"label":"Dos argumentos","title":"La valoración se convierte en argumento de adquisición.","text":"Para los apartamentos, el AC prevé que no quede remanente tras la carga hipotecaria declarada. Para las instalaciones, pasa de su dependencia del hotel a inferir que CAM es el único comprador potencial. CAM enlaza su condonación alegada con el precio de las instalaciones.","cards":[["5.186.061,79 €","Condonación aproximada declarada CAM"],["489.361,96 €","Referencia ACTUA de instalaciones"],["400.000 €","Precio separado propuesto en efectivo"]],"connection":"REMITIDO → INFERIDO → RECOMENDADO; los dos argumentos de precio siguen unidos","question":"¿La dependencia del hotel justifica «CAM como único comprador» o exige concurrencia integrada?"}},
    {"id":"approval","number":4,"date":"16 APR / ABR 2018","kind":"CONTRARY","sources":["C36-E008","S05-C36-STAY"],"en":{"label":"Qualified approval","title":"The objections and safeguards must travel with the approval.","text":"LPB/Aweswell’s objections and a higher competing valuation were before the court. The order approved a disposal process with qualifications, publicity and an opportunity for improved bids. It was not a blanket authorization for whole-hotel possession.","cards":[["16 APR 2018","Qualified plan approval"],["10 DAYS","Better-offer opportunity"],["26 JUN 2018","Apartment realisation stay"]],"connection":"OBJECTED → CONDITIONALLY APPROVED → EXECUTION MUST FOLLOW THE TERMS","question":"What was actually notified, compared, authorized and then done?"},"es":{"label":"Aprobación matizada","title":"Las objeciones y garantías deben acompañar a la aprobación.","text":"Las objeciones LPB/Aweswell y una valoración superior estaban ante el Juzgado. El Auto aprobó un proceso con matizaciones, publicidad y oportunidad de mejores ofertas. No fue autorización general de posesión de todo el hotel.","cards":[["16 ABR 2018","Aprobación matizada del Plan"],["10 DÍAS","Oportunidad de mejora"],["26 JUN 2018","Suspensión de realización de apartamentos"]],"connection":"OBJETADO → APROBADO CON CONDICIONES → EJECUCIÓN SUJETA A SUS TÉRMINOS","question":"¿Qué se notificó, comparó, autorizó y ejecutó realmente?"}},
    {"id":"separation","number":5,"date":"28 NOV 2018 → 24 OCT 2019","kind":"CONTRARY","sources":["AC-QUARTERLY-20181220","S07-C36-NONCONVALIDATION"],"en":{"label":"Split execution","title":"Approved together. Executed separately. Separation rejected.","text":"The service-property branch was executed through Protocol 2150 in November 2018. The AC later reported the €400,000 receipt and applications. In October 2019 the court refused convalidation, identifying departure from the unitary process and its own earlier error.","cards":[["28 NOV 2018","Separate service-property deed"],["€400,000","AC-reported receipt and applications"],["24 OCT 2019","Convalidation refused"]],"connection":"SEPARATED → JUDICIALLY REJECTED; practical restoration is a separate evidential step","question":"What restored title, possession, operation and the money before the same facilities were offered again?"},"es":{"label":"Ejecución separada","title":"Aprobado conjuntamente. Ejecutado por separado. Separación rechazada.","text":"La rama de instalaciones se ejecutó mediante el Protocolo 2150 en noviembre de 2018. El AC declaró después el cobro y aplicaciones de 400.000 €. En octubre de 2019 el Juzgado rechazó la convalidación, identificando el apartamiento del proceso unitario y su propio error previo.","cards":[["28 NOV 2018","Escritura separada de instalaciones"],["400.000 €","Cobro y aplicaciones declarados por el AC"],["24 OCT 2019","Convalidación rechazada"]],"connection":"SEPARADO → RECHAZADO JUDICIALMENTE; la restitución práctica exige prueba distinta","question":"¿Qué restituyó titularidad, posesión, explotación y dinero antes de volver a ofrecer esas instalaciones?"}},
    {"id":"execution","number":6,"date":"18 MAY 2021 → 21 FEB 2022","kind":"DOC","sources":["C36-E044","PROTOCOL-457-2022"],"en":{"label":"Later execution","title":"The deed continues the plan—not a cash-payment story.","text":"The 2021 decision refers back to the 2018 plan. Protocol 457 in 2022 invokes the judicial route and states €13,168,082.02 as debt consideration. The third-party bidder’s failure to meet the bond/attendance requirements and the court’s contrary findings remain visible.","cards":[["18 MAY 2021","Definitive proposal approval"],["21 FEB 2022","Protocol 457"],["€13,168,082.02","Stated debt consideration—not cash"]],"connection":"REAPPROVED → CONVEYED; reconcile debt, waiver, €400,000 and Registry effects","question":"Which act and account connect the 2018 terms to the final debt extinguished and actual property transfers?"},"es":{"label":"Ejecución posterior","title":"La escritura continúa el Plan, no un relato de pago en efectivo.","text":"La resolución de 2021 remite al Plan de 2018. El Protocolo 457 de 2022 invoca esa vía judicial y declara 13.168.082,02 € como contraprestación en deuda. Permanecen visibles la falta de fianza/asistencia del postor alternativo y los pronunciamientos adversos del Juzgado.","cards":[["18 MAY 2021","Aprobación definitiva de propuesta"],["21 FEB 2022","Protocolo 457"],["13.168.082,02 €","Contraprestación en deuda, no efectivo"]],"connection":"REAPROBADO → TRANSMITIDO; conciliar deuda, condonación, 400.000 € y efectos registrales","question":"¿Qué acto y cuenta enlazan las condiciones de 2018 con la deuda finalmente extinguida y las transmisiones reales?"}}
  ],
  "facilities": [
    {"actor":"ACTUA","status":"DOC","source":"ACTUA-2018-PRIMARY","en":"Facilities support the integrated hotel; the common exterior/pool value is included in apartment valuations.","es":"Las instalaciones sostienen el hotel integrado; el valor exterior común/piscinas se incluye en los apartamentos."},
    {"actor":"AC · 2018","status":"INFERENCE","source":"AC-PLAN-5.5","en":"Limited standalone use leads the AC to infer CAM is the only likely buyer and to recommend the €400,000 sale.","es":"La limitada utilidad independiente lleva al AC a inferir que CAM es el único comprador potencial y recomendar la venta por 400.000 €."},
    {"actor":"COURT / JUZGADO · 2019","status":"CONTRARY","source":"S07-C36-NONCONVALIDATION","en":"Removing the facilities impairs improved integrated bids; the separate sale departed from the approved unitary process.","es":"Retirar las instalaciones perjudica mejores ofertas integradas; la venta separada se apartó del proceso unitario aprobado."}
  ]
}