Insolvency and Pre-insolvency Law Course

From Lener we have given a course on the approval of the "Insolvency Law Reform Bill", which will transpose into Spanish law the Directive (EU) 2019/1023 of the European Parliament and of the Council, on frameworks for preventive restructuring, debt exoneration and disqualifications and on measures to increase the efficiency of restructuring, insolvency and debt exoneration procedures.

The training was comprised of three sessions in which we analyzed in detail the main novelties of a reform that, on many occasions, has intended to go further in its reforming spirit, with the aim of providing a solution to the limitations and inefficiencies in the presentation of the current insolvency and pre-insolvency system, which have often been a very clear limit when it comes to reaching solutions for companies that, although viable, have financial difficulties. As a result, many of them have been forced into insolvency proceedings and, in many cases, into liquidation.

The sessions dealt with the following issues:

• The novelties of the Insolvency Law Reform Bill (Common Phase, Agreement/Settlement Phase, Conclusion Phase and Qualification Phase).
• The special procedure Micro-companies and Benefit of Exoneration of Unsatisfied Liabilities (with liquidation of the active mass and with payment plan).
• Notification of the Opening of Negotiations with Creditors and Restructuring Plans.

This course, given to IBERAVAL, a firm dedicated to financial services, has counted with the collaboration of Eduardo Córdoba, partner of the Restructuring Department of Lener, and the lawyer Jesús Redondo of the same area. In addition, our expert lawyers Marta Morales, Partner of Lener and Marta Elías participated telematically.

At Lener we are committed to legal analysis and training of our clients and collaborators in legislative matters.