The naval repair sector in the Canary Islands not only fights for international contracts but also in the courtrooms of Madrid. The National Court has issued a key ruling allowing the subsidiary of the Greek group Lavinia, Astilleros Canarios S.A. (Astican), to escalate its litigation against the Cadastre to the Supreme Court. The conflict centers on the cadastral value of its facilities, following a resolution from the Central Economic Administrative Court (TEAC) that did not satisfy the claims of the Spanish-Greek company.
The dispute dates back to an execution agreement from March 2019 issued by the Regional Cadastre Management of the Canary Islands. Astican, represented by attorney Pablo José Trujillo Castellano, contested the valuation of its assets, but the Sixth Section of the Contentious Chamber of the National Court initially dismissed its appeal in June 2024. Now, the judiciary acknowledges that the case has sufficient legal interest for the Supreme Court to establish jurisprudence on how these strategic industrial infrastructures should be valued.
Athens against Madrid
In its legal offensive, the company of the Laskadiris group not only questions figures but also alleges violations of fundamental principles, including articles of the Spanish Constitution (24.2, 9.3, and 10.2) and the European Convention on Human Rights. The company argues that the current valuation violates the General Tax Law and deviates from the Supreme Court’s previous jurisprudence. By admitting the cassation appeal, the National Court accepts that the Supreme Court’s ruling is necessary to clarify the regulatory framework affecting not only Astican but potentially other major industrial assets of the Port of Las Palmas.
This judicial front is vital for its long-term financial viability. A legally adjusted cadastral valuation is essential for the competitiveness of a financial business that competes globally. The process now moves to the Contentious-Administrative Chamber of the Supreme Court, where it will be decided whether the Cadastre must revert its valuation.
News written by Gara H. Vega. Edited and verified by Pedro Marrero. Cross-checked information without institutional filters. This analysis has not been financed by official advertising nor conditioned by lobby interests.
