## [Restructuring & Insolvency Newsletter - March 2019](/en_GB/new/restructuring-insolvency-newsletter-march-2019) # Restructuring & Insolvency Newsletter - March 2019 Spain - 03 / 04 / 2019 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2019) - []() - []() Previous Next ![](/sites/default/files/noticias/img/nl-reestructuraciones-insolvencias-marzo-2019_0.jpg) ## [**New door opens for judicial homologation of refinancing agreements after the insolvency order**](https://www.garrigues.com/en_GB/new/new-door-opens-judicial-homologation-refinancing-agreements-after-insolvency-order) In an order rendered on December 18, 2018, Madrid Commercial Court no 1 allowed a debtor under an insolvency order to sign and homologate a refinancing agreement after the opening of the insolvency proceedings. [****KEEP READING****](https://www.garrigues.com/en_GB/new/new-door-opens-judicial-homologation-refinancing-agreements-after-insolvency-order) ## [**Constitutional Court sets aside option of redeeming mortgages transferred to a fund by delivering only the price paid by the fund**](https://www.garrigues.com/en_GB/new/funds-buying-mortgages-can-claim-whole-debt-catalonia-also) The Constitutional Court has held unconstitutional a provision in Law 24/2015 of the Catalan Parliament allowing the debtor, in the event of transfer for consideration of a loan secured with a home, to release himself from the debt by paying the recipient of the debt the price it had paid plus the statutory interest and costs incurred to claim the debt. [****KEEP READING****](https://www.garrigues.com/en_GB/new/funds-buying-mortgages-can-claim-whole-debt-catalonia-also) ### [**New legislation**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2019-new-legislation) - The Real Estate Credit Law introduces a new regime of early termination of mortgage loans on an individual´s main residence - The new Trade Secrets Law gives the go-ahead for Government to approve revised Insolvency Law [**VIEW MORE**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2019-new-legislation) ### [**Judgments of interest**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2019-judgments-interest) - Ranking of claims payable to the government in respect of refunded subsidies depends on when they were granted - Labor courts will determine whether a transfer of undertakings exists in insolvency sales of business units - Insolvency judge has jurisdiction to declare that attached goods are necessary for the debtor's activity - Order homologating a refinancing agreement may be enforced to make a dissenting creditor comply with the agreement's terms - Contingent claims must qualify as financial claims for the purpose of homologating a refinancing agreement - Individual enforcement actions may be initiated against a debtor’s assets after an insolvency proceeding on the debtor has ended due to insufficient assets available to creditors - Judge for main insolvency proceeding does not have jurisdiction to hear action for damages arising from a wrongful act [**VIEW MORE**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2019-judgments-interest) ### [**Publications and events**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2019-publications-and-events) - Professionals of our Restructuring and Insolvency Department take part in several publications and events [**VIEW MORE**](https://www.garrigues.com/en_GB/new/restructuring-insolvency-newsletter-march-2019-publications-and-events) [Restructuring & Insolvency](/en_GB/tags/restructuring-insolvency) ### Contacts ![Adrián Thery Martí - Garrigues](/sites/default/files/styles/medium/public/team/photo/Adrian_Thery_Marti_en_20240619.jpg?itok=jcbiBc9t) [Adrián Thery](/en_GB/team/adrian-thery-marti) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) ![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]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) [Find more professionals](../team) ### Related services - [Restructuring and Insolvency ](/en_GB/services/restructuring-and-insolvency) - ## Find a publication - [Administrative and Constitutional Law](/en_GB/markdownify/node/7009?f%5B0%5D=service%3A1422) - [Agribusiness and Food](/en_GB/markdownify/node/7009?f%5B0%5D=service%3A1417) - [Automotive](/en_GB/markdownify/node/7009?f%5B0%5D=service%3A1419) - 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