Insolvency and Restructuring

21 2023 Challenging the list of creditors

Challenging the list of creditors in Spain

Challenging the list of creditors refers to the legal process of questioning or contesting the inclusion or exclusion of specific creditors in a compiled list within an insolvency proceeding or arrangement with creditors. It allows parties, such as creditors, to dispute the accuracy, legitimacy, or completeness of the creditor list submitted by the debtor or the insolvency administration.

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46 2022 Act 16/2022 Reform of the Insolvency Law

Act 16/2022 Reform of the Insolvency Law

Act 16/2022 on the reform of the Insolvency Law took effect on 26 September 2022, triggering significant changes to streamline insolvency proceedings in Spain. The elimination of pre-existing liquidation plans is one of the modifications.

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Restructuring plans in Spain

Restructuring plans in Spain: Keys to the insolvency reform

The entry into force of the Law transposing Directive (EU) 2019/1023 introduces reforms in the insolvency field to provide agile and effective instruments to improve insolvency procedures and facilitate the maintenance of viable companies in Spain. Restructuring plans are one of the central elements.

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