Spain | Restructuring and Insolvency | Key aspects 2022

Key aspects of restructuring and insolvency proceedings in 2022 in Spain

Spain | Restructuring and Insolvency | Key aspects 2022
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January 27, 2022

The approval of the draft bill amending the Insolvency Act will bring about a significant change to restructuring transactions and will facilitate the sale of business units.

With the reform of the law, creditors will be able to agree and impose a restructuring plan on other creditors and the debtor's shareholders. In addition, new money, including interim financing, is also protected and business units can be transferred as part of a restructuring plan.

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January 27, 2022