## [Restructuring & Insolvency Work Commentary 3-2014](/pt/en_GB/new/restructuring-insolvency-work-commentary-3-2014)
# Restructuring & Insolvency Work Commentary 3-2014
10 / 07 / 2014
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A new R&I commentary is now available providing a summary drawn up by the Department’s specialists of the changes and new elements introduced by Law 17/2014, transposing Royal Decree-Law 4/2014, of March 8, 2014.
This new Law introduces important refinements in the provisions on the notification of negotiations with creditors (“pre-insolvency negotiations”), firmly establishes the single insolvency receiver system, creates a new charter for insolvency receivers (which is more detailed and demanding than the previous rules), and completes the description of the elements in the court approval process of refinancing agreements (“Spanish Scheme of Arrangements”).
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This publication is provided for information purposes only and does not constitute legal advice or advice of any other kind. It does not seek to offer a comprehensive summary of the legislation and developments to which it refers nor to cover all published material, but rather to provide an overview of selected topics. It is therefore recommended that the official texts be consulted and specific professional advice be sought. Garrigues does not accept any liability for the use made of this information and assumes no obligation to update it after publication.
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