The Spanish Insolvency Regime

By: Ignacio Buil and Marta Vidiella 

The Spanish insolvency regime has undergone major changes during the past eight years, with the aim of building a framework that facilitates out-of-court restructuring to secure the viability of distressed debtors and provide for an expedited route to facilitate the emergence of insolvent companies either through an accelerated composition agreement or anticipatory liquidation or sale of assets.

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