The Spanish Insolvency Act: what businesses need t […] The Spanish Insolvency Act: what businesses need to know before filing for insolvency, when to apply, how the procedure […]
Category: insolvency
When a company experiences serious financial difficulties, uncertainty often arises as to the appropriate time to take legal action. It is precisely for these situations that insolvency proceedings (concurso de acreedores) exist. In Spain, insolvency proceedings are governed by Royal Legislative Decree 1/2020 of 5 May, approving the consolidated text of the Spanish Insolvency Act […]
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