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Linklaters´ partner Ben Crosse explains that one of the
biggest recent legal developments affecting the banking and finance
sector in Spain was the revision of the Spanish insolvency act,
which allows companies to impose solutions on dissenting
creditors.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
From a UK perspective, the majority of UK/EU cross border insolvencies are currently subject to the Recast Insolvency Regulation (Regulation (EU) 2015/848 of 20 May 2015 on insolvency...
The primary legislation governing insolvency and restructuring proceedings is Law 85/2014 on preventing insolvency and insolvency proceedings (the "Insolvency Law").
We have now seen the new restructuring plan under Part 26A Companies Act 2006 utilised twice to effect debt restructurings, mostly recently in the case of casual dining chain PizzaExpress...
