Informative Note: The new Insolvency Law (RDL 1/2020)In the following informative note, we address the Royal Legislative Decree 1/2020, of 5 May, that approves the redrafted text of the Insolvency Law, and revises its structure and key characteristics.Read more
The use of an arbitration clause in business contractsThe arbitration clause allows the parties to the contract to submit disputes arising from the contract to an arbitration court. To be valid, the clause must meet several requirements and its utility should be determined by balancing its advantages with its disadvantages.Read more
Transfer of business in Spain: assets or share purchase agreement?Read the full article: The sale of businesses through a contract of direct trade of shares Read the full article: The transfer of businesses under the asset purchase agreement
Extension of temporary lay-offs (ERTE) in SpainFollowing the agreement signed between the Government and the social partners to extend the impact of the protection measures adopted during the state of alert, the Ministry of Inclusion, Social Security, and Migration has adopted new measures for companies and workers, available from the 1st July until the 30th of September.Read more
How to determine the insolvency status of the company in the insolvency proceedingsThe state of insolvency obliges companies to apply for the insolvency proceedings. We analyse some facts that can help to identify this status, as well as the most commonly used accounting formulas to predict it: the acid test and the Altman Z-score.Read more
How to apply for bankruptcy in Spain: Basic aspects and DeadlinesThe Bankruptcy Law in Spain regulates the basic aspects and the deadlines within which companies should apply for bankruptcy when their situation does not allow them to fulfil their payment obligations on a regular basis.Read more
