## [Restructuring & Insolvency Newsletter - December 2018](/en_GB/new/restructuring-insolvency-newsletter-december-2018) # Restructuring & Insolvency Newsletter - December 2018 Spain - 12 / 20 / 2018 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-december-2018) - []() - []() Previous Next ![](/sites/default/files/noticias/img/newsletter_reestructuraciones_e_insolvencias_diciembre_2018_2.jpg) ## [**The Directorate-General for Registers and the Notarial Profession relaxes the requirements for registration of assets acquired during insolvency proceedings**](https://www.garrigues.com/en_GB/new/directorate-general-registers-and-notarial-profession-relaxes-requirements-registration-assets) This is therefore a new step forward by the DGRN in seeking to strike a balance between the necessary rigor that must prevail in the Spanish registration system and the legal certainty needed for the recipients of assets during insolvency proceedings. [****KEEP READING****](https://www.garrigues.com/en_GB/new/directorate-general-registers-and-notarial-profession-relaxes-requirements-registration-assets) ### [**Judgments of interest**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-december-2018-judgments-interest) - There is no abuse of law by former shareholders claiming indemnity from the company after guaranteeing company debts - To be treated as a *specially related party* (insider) at the insolvent company due to belonging to the same group of companies, it is necessary for the creditor to belong to the group when the claim arises - A fault-based assessment of an insolvency proceeding does not necessarily determine an order for the directors to pay the *insolvency shortfall* - Only the courts of the member state where the insolvency proceeding opens are allowed to hear action to set a transaction aside - A subordinated claim transferred to SAREB retains its classification if it had already been recognized as a subordinated claim and the period for challenging the list of creditors has expired [****VIEW MORE****](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-december-2018-judgments-interest) ### [**News, publications and events**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-december-2018-news-and-events) - **Juan María Jiménez**, new partner in the Garrigues Restructuring and Insolvency Department - Garrigues restructuring and insolvency specialists among the top lawyers in Spain on the *Best Lawyers* list - International Financial Law Review (IFRL 1000) has singled out three of our partners in the Restructuring and Insolvency practice area, in which Garrigues is regularly ranked as tier 1 - Garrigues takes part in a seminar on the possible impact of Brexit on Spain focusing on restructuring and insolvency matters - **Adrián Thery** joins Francisco J. Garcimartín and Amparo López Senovilla as participants in a seminar cycle at FIDE on the Proposal for a Directive on restructuring and second chance - Presentation of a work on pre-insolvency and insolvency law for capital companies (*Derecho preconcursal y concursal de sociedad mercantiles de capital*) - **Adrián Thery** joins speakers Aurelio Gurrea, Diego Comendador and Matilde Cuena in a roundtable discussion at FIDE on insolvency law issues in Spain. - **Adrián Thery** and **Juan Verdugo** will take part as speakers in the Cátedra Garrigues on Modernization of Companies Law hosted by the Universidad Pontificia de Comillas-ICADE - **Adrián Thery** to speak at Real Academia de Jurisprudencia y Legislación in a seminar on the subject of corporate governance and capital structure [****VIEW MORE****](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-december-2018-news-and-events) [Restructuring & Insolvency](/en_GB/tags/restructuring-insolvency) ### Contacts ![Foto del socio](/sites/default/files/styles/medium/public/team/photo/Borja_Garcia-Alaman_de_la_Calle_en_20251105.jpg?itok=m4Nee5Rk) [Borja García-Alamán](/en_GB/team/borja-garcia-alaman-calle) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - 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