## [Restructuring and Insolvency Newsletter - March 2023](/pl/en_GB/new/restructuring-and-insolvency-newsletter-march-2023)
# Restructuring and Insolvency Newsletter - March 2023
Spain - 03 / 29 / 2023
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## [**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)
[Restructuring & Insolvency](/pl/en_GB/tags/restructuring-insolvency), [Spain](/pl/en_GB/tags/spain)
### Contacts
[Adrián Thery](/pl/en_GB/team/adrian-thery-marti)
[Contact]()
- +34 91 514 52 00
[Madrid](https://www.garrigues.com/pl/en_GB/office/madrid)
[Borja García-Alamán](/pl/en_GB/team/borja-garcia-alaman-calle)
[Contact]()
- +34 91 514 52 00
[Madrid](https://www.garrigues.com/pl/en_GB/office/madrid)
[Juan María Jiménez](/pl/en_GB/team/juan-maria-jimenez-moreno)
[Contact]()
- +34 91 514 52 00
[Madrid](https://www.garrigues.com/pl/en_GB/office/madrid)
[Find more professionals](../team)
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