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Legal Briefing
Spanish insolvency reform – an update
Practice Area: Regulation and Enforcement
Sector: Business services
Jurisdiction: Spain
Published: 15 November 2011
Law Firm: Garrigues
Overview
Law 28/2011 reforming the 2003 Insolvency Law was published on 11 October 2011. The bulk of the Insolvency Reform will enter into force on 1 January 2012, although certain articles have been in force since 12 October 2011.
This briefing from Spanish law firm Garrigues offers a summary of the main new features of the Insolvency Reform, including a detailed look at all the changes and ammendments, as well as an abstract on the reform of the procedural law in its relation to insolvency and credit recovery proceedings.
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