Restructuring Opportunities Under Regulations For Businesses In Crisis
Mondaq Business Briefing › Spain Law Articles in English (2008)
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Restructuring Opportunities Under Regulations For Businesses In Crisis
A look at how the Spanish Insolvency Act 2004 creates
possibilities for rescue within insolvency proceedings. Completing Out Of Court Restructuring In Spain: The Challenges In Spain there is no system to effect the restructuring of troubled but still solvent companies. Unlike other European neighbouring countries, there is neither a "provisional" procedure (such as Germany's Vorläufiger Insolvenzverfahren) nor an informal code of practice, such as the old "London Approach". As general private and commercial law are fully applicab...See the full content of this document
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