Restructuring & Insolvency Work Commentary 3-2014
A new R&I commentary is now available providing a summary drawn up by the Department’s specialists of the changes and new elements introduced by Law 17/2014, transposing Royal Decree-Law 4/2014, of March 8, 2014.
This new Law introduces important refinements in the provisions on the notification of negotiations with creditors (“pre-insolvency negotiations”), firmly establishes the single insolvency receiver system, creates a new charter for insolvency receivers (which is more detailed and demanding than the previous rules), and completes the description of the elements in the court approval process of refinancing agreements (“Spanish Scheme of Arrangements”).
Contacts
