The European Council agreed its position on the proposal for a European directive on preventive restructuring frameworks, “second chance” and measures to increase the efficiency of restructuring, insolvency and discharge procedures (amending Directive 2012/30/EU, which aims: (i) to provide early-stage access to viable enterprises facing financial difficulties to preventive restructuring frameworks; (ii) to provide a…...
A new ruling has introduced a few changes to the Special Revitalisation Process (Processo Especial de Revitalização – PER), approved by the Decree-Law nº 79/2017, on the 30th of June.... This content is for Basic -
Law 22/2003, regarding insolvency, has been a hallmark piece of legislation in terms of legal doctrine, precedence and legislation, both with regards to its application and its various modifications, which have adapted to Spanish economic realities.
Act 9/2015, of 25 May, regarding urgent measures on insolvency, entered into force in Spain on 27 May, 2015, thus concluding the process of giving Royal Decree Law 11/2014, of 5 September, the status of an Act. That Royal Decree Law,
The Royal Decree Law on Second Opportunity Mechanism, Financial Load Reduction and Other Social Measures – which modifies the Spanish Insolvency Act (Law 22/2003 Concursal) was published on 28 February.... This content is for Basic - monthly, Basic
In March 2014, a new royal decree-law came into force in Spain introducing urgent measures concerning the refinancing and restructuring of corporate debt. The main aim of the reform is to establish a legal framework to
The Law Amending the Spanish Insolvency Law was approved on 22 September 2011. As explained in its Preamble, the Amendment has a limited scope. It is not designed to overhaul the Insolvency Law, but rather to update
On 31 March 2009 a new Royal Decree Law was published (RDL 3/2009 of 27 March 2009) covering urgent tax, finance and insolvency measures intended to adapt Spain´s existing insolvency law (Ley 22/2003 de 9 de julio, Concursal – LC) to the