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INSOL Europe/LexisNexis coronavirus (COVID-19) Tracker of Insolvency Reforms—Spain update

Published on: 07 May 2020
Published by: LexisPSL
  • INSOL Europe/LexisNexis coronavirus (COVID-19) Tracker of Insolvency Reforms—Spain update
  • Can directors still file for insolvency of a company?
  • What if the directors decide not to file within such two-month period but a third party does?
  • How does this affect an Article 5bis filing?
  • Could I use the enhanced time frame now to pursue restructuring negotiations?
  • How does the stay in any procedural timings affect a homologation or Spanish scheme?
  • Are there any other specific rules worth noting?
  • Enforcement of security
  • Challenges of liquidation plans
  • INSOL Europe/LexisNexis Coronavirus Tracker of Insolvency Reforms

Article summary

Restructuring & Insolvency analysis: The Spanish Government has enacted a series of measures to temporarily relieve directors of the strict obligation to file for insolvency within two months of insolvency in Royal Decree-Laws 8/2020 (RDL 8/2020), 16/2020 (RDL 16/2020) and other pieces of law like Royal Decree 463/2020, in response to coronavirus, COVID-19. What do these measures imply in the context of insolvencies and restructurings? Written by Jose Christian Bertram, José Antonio Rodríguez and Jorge Vázquez of Ashurst LLP. or take a trial to read the full analysis.

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