Company directors may find themselves not only personally liable for creditors’ losses in the event that they continue to operate a company while insolvent but also criminally liable
Fundamental to the success of insolvency proceedings and to give a company the best chance of continued operation is the quality of the professional advisers involved, says Juan Ferré, Director of the Madrid office of
A combination of an increased demand for refinancing and the impact of multiple business failures is prompting insolvency issues across new areas of the economy
Spain’s Insolvency Law was completely overhauled in 2003 producing a much more modern and efficient bankruptcy regime, where the input of the Commercial Courts is essential to the approval of any new creditor agreements.
As a result of legislative changes a company may now find itself criminally liable for certain offences, a significant change in the basic principles of Spanish criminal law
The new Spanish Companies’ Act was approved by the Spanish Cabinet on Friday, July 2, and published in the Official Gazette on Saturday, July 3. It restates in a single text all the acts previously regulating limited
Spanish and Portuguese lawyers take a mixed view as to whether Iberia’s transactional markets are coming back to life. Deal volumes remain depressed, as do values, and financing and liquidity concerns continue to complicate
The transactional market is now demanding a more thoughtful approach to deal structures, deeper analysis of issues and inevitably more senior lawyer input, says Fernando Torrente, co-coordinator of the corporate practice at Cuatrecasas Gonçalves
Spain has enjoyed a long period of prosperity but is now experiencing a lengthy downturn, made worse by the bursting of the country’s real estate bubble. But two years into the crisis new investment
The proposed Alternative Investment Fund Manager’s Directive continues to prompt controversy despite an acceptance that a certain level of EU regulation will be imposed on the hedge and investment fund industry, says Isabel Rodrí
