• 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.
  • Release of two new ICO guarantee facility tranches amounting to €2,550 million for companies in the process of fulfilling an arrangement with creditors

    The decision of November 25, 2020, by the Secretary of State for the Economy and Business Support, published the decision by the council of ministers setting out the terms and conditions for the new tranches of the guarantee facilities approved by Royal Decree-Law 25/2020, of July 3, 2020. The new tranches are to be used for funding to businesses under an arrangement and any which, while not under an arrangement, were in the process of reviewing their promissory note program on MARF (Spanish Alternative Bond Market) on April 23, 2020. 
  • Restructuring & Insolvency Newsletter - January 2021 | News, publications and events

  • Restructuring and Insolvency Newsletter - January 2021

  • Commercial judges in Catalonia add to publicity and transparency requirements for transfer of business unit processes

    The decision adopted on October 1, 2020 by commercial judges practicing in Barcelona, Tarragona, Gerona and Lérida states that insolvency receivers, owners or lawyers must report to the Directorate General for Industry of the Catalan Generalitat government regarding any companies with operating business units that have given a pre-insolvency notice, are in insolvency proceedings or other difficult situations, remotely on a standard form with the company’s main particulars.
  • Restructuring & Insolvency Newsletter - January 2021 | Judgments

    Selection of the main judgments on restructuring and insolvency matters.
  • COVID-19: Publication of royal decree-law mapping steps to be followed in justice system procedures

    We analyze Royal Decree-Law 16/2020, of April 28, 2020, published in the April 29 edition of the Official State Gazette (BOE), adopting procedural and organizational measures to confront COVID-19 (RDL 16/2020). And entering into force on April 30, 2020 (the day after its publication in the Official State Gazette).
  • The Directorate-General for Registers and the Notarial Profession relaxes the requirements for registration of assets acquired during insolvency proceedings

     The DGRN is 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.