Publications - Restructuring and Insolvency
2024: main new legislation needing to be considered by companies in Spain
Professionals in the various practice areas at Garrigues take a look, from all angles of business law, at the main new legislation that companies will face in the coming year.
NPLs in Spain, Portugal and Latin America: more selective deals and increasing activity in secondary markets and debt servicing industry
In the first three quarters of 2023, we saw investors adopting a more selective and specialized approach in their NPL investments, increasing their appetite for unlikely-to-pay (UTP) and reperforming loans (RPLs).
Restructuring and Insolvency Newsletter - March 2023
Everything you ever wanted to know about new restructuring plans in Spain but never dared to ask
A few months have now passed since the deepest reform of the Insolvency Act was passed in Spain last September 2022. Perspective has now been gained on how courts view the new legal instruments.
2023: The most significant legal developments that companies in Spain should keep on their radar
Garrigues analyzes from every business law angle the most significant legislative changes that are due to arrive next year.
Main new features that the reform of the Recast Insolvency Act has brought to the Spanish Restructuring and Insolvency rules
The Act nº 16/2022, dated September 5, on the reform of the Recast Insolvency Act, published on September 6, 2022, brings deep and major changes to the existing legislation.
Restructuring and Insolvency Newsletter - June 2022
International insolvency: the three novelties introduced in the Insolvency Law Reform Bill
We analyze the main novelties of the international insolvency regulation introduced in the Insolvency Law Reform Bill. Although the final wording will be approved after its passage through parliament, the chapter on international insolvency is among…
Valencia Provincial Appeal Court limits commission fees of insolvency auction specialised companies
The appeal court has issued a decision which constitutes a reminder to be careful in relation to practices that have been occurring in certain out-of-court auctions within liquidation proceedings. Particularly, it rejects the possibility that a…
Court of Justice of the European Union rules on protection of employment contracts in pre-pack insolvency procedures
The European Court has issued a sentence of special relevance for the operation and effectiveness of the “pre-pack” insolvency procedures. Specifically, it clarifies the requirements that must be met to respect the rights of workers in…
NPLs and REOs in Spain, Portugal and LatAm: more securitizations and transactions in Southern Europe
NPL transactions continued in the first quarter of 2022. Spain and Portugal were the most active jurisdictions with our Madrid, Barcelona and Lisbon offices playing a leading role.
Pre-pack: check the map with the current situation in Spain
Commercial judges are gradually introducing the so-called pre-pack by way of judicial orders and protocols. We offer a map from which you can access the new developments that arise in this field in Spain.