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.
End of the insolvency moratorium in Spain: consequences for debtors
The bankruptcy moratorium in Spain, in force since 14 March 2020 and already extended several times, ends on 30 June 2022.
End of the moratorium on insolvency proceedings in Spain: consequences for creditors
After the insolvency proceedings begin, creditors have a one-month limit to communicate their claims against the insolvent debtor.
Temporary suspension of the cause of dissolution for losses
With the end of the chaos of the world pandemic that disrupted the world’s economy, the Spanish government has declared suspensions of dissolution through Law Article 13 3/2020, 18th September. Our lawyer AGF explains it in the following article.
New bankruptcy moratorium in Spain until 30th June 2022
The Government of Spain has extended the bankruptcy moratorium for the third time until 30th June 2022. Insolvency debtors will not have a legal obligation to file for bankruptcy until the middle of next year.
The foreign creditor in bankruptcy proceedings in Spain (3): Termination of contracts
Regarding the termination of contracts with reciprocal obligations in the context of bankruptcy declaration, the Spanish regulations distinguish between contracts pending fulfilment by one of the parties or by both parties.
The foreign creditor in bankruptcy proceedings in Spain (2): The communication of credit
The deadline for the communication of credit by the foreign creditor is one month after the publication of the declaration of bankruptcy in the Spanish Official Gazette (BOE). Although it is not mandatory, the foreign creditor should make such communication for its qualification and subsequent payment.
The foreign creditor in bankruptcy proceedings in Spain (1): Bankruptcy processing
Declaring insolvency proceedings in Spain entails its consideration as “main bankruptcy” and implies the inclusion of the debtor’s assets, regardless of whether or not they are in Spain, and that, with certain exceptions, Spanish law applies.
The new regulation of temporary contracts in Spain
The entry into force of Royal Decree-Law 32/2021, of 28th December, aims to finish with the temporary employment and job insecurity in Spain. The rule presumes all indefinite contracts and establishes a new regulation of temporary contracts and their requirements.
Green Hydrogen in Spain, the applicable legal framework for project development
Green hydrogen appears to be a hot topic in the renewable energy sector. Many argue that Spain could be the ideal place for developing these projects, thanks to its plenty of sun and available land. Learn more about the legal framework for the development of “green hydrogen production projects in Spain.
