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Spain Approves New Insolvency and Procedural Measures to Mitigate COVID-19 Impact

The new measures seek to overcome the expected high rate of insolvency, refinancing, and corporate disputes arising from the COVID-19 crisis. The Spanish government approved Royal Decree-Law 16/2020 on 28 April, which...more

Spain Amends Again New Foreign Direct Investment Screening System

The Spanish government adopts a new Royal Decree-Law which amends the FDI screening system approved at the beginning of the COVID-19 crisis. On 17 March, Royal Decree-Law 8/2020 suspended the liberalisation of foreign...more

Spain Approves Additional Measures to Mitigate the Social and Financial Impact of COVID-19

The new Royal Decree-Law contains measures affecting real estate, finance, and corporate matters as well as the right of consumers to terminate certain agreements. On 1 April, the Spanish Government’s Council of Ministers...more

Spain Develops First €20 Billion of Guarantee Line to Help Spanish Businesses

The Resolution contains the terms and conditions of the first tranche of the ICO Guarantee Line for businesses and self-employed persons, in order to mitigate the economic impact of COVID-19. On 26 March 2020, Spain’s...more

España impone un Permiso Retribuido Recuperable para Trabajadores de Servicios no Esenciales

Esta regulación limita la movilidad de los trabajadores que prestan servicios en los sectores calificados actualmente como no esenciales. El 29 de marzo de 2020, se publicó en el Boletín Oficial del Estado el Real...more

Real Decreto-ley 9/2020 por el que se adoptan medidas laborales adicionales para paliar los efectos del COVID-19

Real Decreto-ley 9/2020 por el que se adoptan medidas laborales adicionales para paliar los efectos del COVID-19 - El 17 de marzo de 2020, el Consejo de Ministros aprobó el Real Decreto-ley 8/2020 de medidas urgentes y...more

Spanish Government Approves Additional Labor Measures to Mitigate the Impact of COVID-19

Spanish Government Approves Additional Labor Measures to Mitigate the Impact of COVID-19 - On 17 March 2020, the Council of Ministers approved Royal Decree-law 8/2020, of urgent and extraordinary measures to mitigate the...more

Spanish Government Approves Urgent and Extraordinary Measures to Mitigate the Impact of COVID-19

The Royal Decree-Law contains measures touching on labor, tax, insolvency, corporate, and finance matters, among others. Following the approval by the Spanish Government of the state of alarm last 14 March to manage the...more

Spain to Implement and Apply Directive (EU) 2019/1023 to the Spanish Insolvency Act

The Directive will require Spain to adapt key areas of the Spanish Insolvency Act, affecting the rights of debtors, creditors, and shareholders. On 26 June 2019, Directive (EU) 2019/1023 of the European Parliament and of...more

Spain’s Improved Insolvency Regime Gains Momentum

Recent piece-meal amendments to the Spanish Insolvency Act 2003 seem to have cumulated into a restructuring solution that is starting to be considered predictable, quick and fair, especially when compared to the pre-amendment...more

Spanish Insolvency Law Amended with a Welcome Reform to Article 90.1.6º

The change provides clarity regarding the pledges over credit rights, restoring pledges as effective and efficient security interests. The Spanish legislator has finally enacted the long-awaited reform to Article 90.1.6º...more

10/27/2015  /  Insolvency , Regulatory Reform , Spain

Amendments to Spanish Corporate Laws Add Flexibility to Bond Issuances by Spanish Companies

New rules relax certain structural and procedural legal restrictions, helping Spanish companies access debt capital markets. On 27 April 2015, the Spanish parliament passed Law 5/2015, of 27 April, of corporate finance...more

New Spanish Regulation for Venture Capital and Private Equity Entities

Changes harmonize Spanish regulations with existing EU regulations and increase the scope of acceptable investment activities for closed-ended investment entities. Introduction - On 12 November 2014 the...more

Lawmakers Enact Spanish Insolvency Law

Royal Decree Law 4/2014, intended to promote efficiency in Spanish insolvency proceedings, is officially enacted with some important updates. The Spanish legislature has finally enacted Royal Decree Law 4/2014 (the...more

Spanish Insolvency Law Reform Extends to Composition Agreements

A second round of material reforms should encourage the viability of distressed companies in Spain. Royal Decree Law 11/2014 (the New Reform) is another clear effort to decrease the number of insolvent companies which...more

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