## [Restructuring and Insolvency Newsletter - March 2023 BORRAR](/en_GB/new/restructuring-and-insolvency-newsletter-march-2023-borrar) # Restructuring and Insolvency Newsletter - March 2023 BORRAR - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/restructuring-and-insolvency-newsletter-march-2023-borrar) - []() - []() Previous Next ## [**Spain: Extension of the accounting moratorium, modification of the insolvency regime for the recovery of public guarantees and other regulatory developments in the insolvency field**](https://www.garrigues.com/es_ES/noticia/prorroga-moratoria-contable-modificacion-regimen-concursal-recuperacion-avales-publicos) Royal Decree-Law 20/2022 has extended the "moratorium on dissolution" until the close of the financial year 2024 and has modified the regime for the recovery of public guarantees in insolvency situations; the General State Budget Law for 2023 has reformed the regime for tax deferrals and instalments in pre-bankruptcy situations; and Order JUS/1333/2022 has established the electronic forms for the special procedure for micro-companies and the technical specifications for the electronic platform for the liquidation of assets. [**KEEP READING**](https://www.garrigues.com/es_ES/noticia/prorroga-moratoria-contable-modificacion-regimen-concursal-recuperacion-avales-publicos) ### [**News**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2023-news) - The commercial judges of Madrid publish a guide for the appointment of an expert on insolvency pre-pack - Andalucía commercial judges reach a decision on special liquidation rules - Seville commercial judges reach decisions regarding no-asset insolvency proceedings, the pre-pack insolvency proceeding and indispensable claims for liquidation - The European Commission submits a Proposal for a Directive to harmonize certain aspects of insolvency law across the EU [**VIEW MORE**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2023-news) ### [**Judgments of special interest**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2023-judgments) - Public disclosure not required of appointment of expert in restructuring in the context of a pre-insolvency notice - Netting of post-insolvency claims in cases where insufficient assets available to creditors has been notified is limited - Insolvency-related grounds cannot be pleaded to render void a refinancing agreement on the basis of general civil legislation - Substantiation of fault-based classification on the basis of a tax penalty imposed on the debtor for fraudulent conduct - Subordination of claim acquired from a specially-related party unless acquirer proves they did not know or could not have known about that fact - Pre-insolvency notice may head off directors’ liability for losses - Challenging an inventory is not the right procedure to correct insufficient or incomplete description of a business unit - Insolvent company under suspension does not have standing to bring proceedings with a possession content - Registration of transfer of an administrative concession in the context of an insolvency proceeding requires authorization to be obtained from the public authority where that authorization is mandatory - Fault-based classification due to early repayment before their due dates of loans to specially-related parties - Classification as claim in litigation requires existence of a “clear and honest dispute” over the existence of that claim - Transfer of lease agreement forming part of a business unit does not prevent a rent increase - Distinction between start date of time period for clawback action in insolvency proceedings and under civil law in relation to a mortgage - Commencement of liquidation phase makes it unnecessary to request termination of administrative contracts [**VIEW MORE**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2023-judgments) ### [**Events and publications in which Garrigues participates**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2023-publications-and-events-where-garrigues) **Publications** - “The pre-pack in the Proposal for a Directive of December 7, 2022” - “New Legal Framework for Company Restructuring in Spain” - “Corporate Law, Insolvency Law and the Law on Financial Markets” - “INSOL Europe/LexisPSL joint project on the implementation analysis of the Directive (EU) 2019/1023 in the EU Member States: Spain” - “Non-Performing Loans: the Registration Obstacle Race in Spain for Loan Buyers and Managers” - “The New Restructuring Plans: Can Creditors Replace Shareholders in Companies’ Capital?” - “Fourth edition of the Insolvency Law Manual” **Awards and accolades** - Chambers recognises Garrigues as Tier 1 in the Insolvency practice area - Several lawyers in the Garrigues Restructuring and Insolvency Department recognised as Best Lawyers in the “Insolvency and Reorganization Law” category - Juan Verdugo receives “Client Choice Award 2022” for Restructuring & Insolvency [**VIEW MORE**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2023-publications-and-events-where-garrigues) - ## Find a publication - [Administrative and Constitutional Law](/en_GB/markdownify/node/12852?f%5B0%5D=service%3A1422) - 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