Mondaq All Regions - Spain: Insolvency/Bankruptcy/Re-structuring
Marti & Associats
In these cases, the law allows the individual enforcement to continue, but it is doubly limited.
Marti & Associats
En estos casos la ley permite continuar con la ejecución separada, pero la misma se halla doblemente limitada.
Roca Junyent Abogados
The second, more limited theory is of the view that there is only a corporate succession with regard to the transferred employees.
Jones Day
On October 1, 2015, the Public Sector Legal Regime Act (Ley 40/2015, 1 de octubre, de Régimen Jurídico del Sector Público) ("PSLR Act") was passed by the Spanish Parliament.
A new milestone has been reached in the reform process of the Spanish Insolvency Act.
Iberian Lawyer
Linklaters´ partner Ben Crosse explains that one of the biggest recent legal developments affecting the banking and finance sector in Spain was the revision of the Spanish insolvency act, which allows companies to impose solutions on dissenting creditors.
We are witnessing an unprecedented review of Spanish Law 22/2003 on Insolvency Proceedings (Spanish Insolvency Act or "IA").
Jones Day
Spain enacted urgent measures to facilitate restructurings of companies that, under the previous regime, might have been forced to enter into an insolvency process.
Latham & Watkins
In line with the trend of the first reform to the Spanish Insolvency Act of 2003 carried out on March 2009 (the 2009 Reform), new amendments to the Spanish Insolvency Act (the SIA) were approved on 4 October 2011 (the Amendment). This Amendment will enter into force on 1 January 2012.
Insolvency Law can hardly reconcile business preservation and creditors satisfaction, so it usually sacrifices one or the other principle being therefore qualified as more or less debtor friendly.
A look at how the Spanish Insolvency Act 2004 creates possibilities for rescue within insolvency proceedings.
Uria Menendez

There have been significant legislative developments in the Spanish judicial system over the last few years. These developments began with the enactment of the Civil Procedure Act 7/2000, of 2000, which entered into force in 2001, repealing the old Civil Procedure Act of 1881.

Uria Menendez
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