GRANADA  COMMERCIAL COURT NO. 1  RULING  OF MARCH 17,  2014; LOGROÑO  COURT OF FIRST INSTANCE NO. 6 DECREE OF APRIL 25, 2014; BARCELONA COURT OF  FIRST INSTANCE NO. 38 DECREE OF MAY 14, 2014; AND PONTEVEDRA COMMERCIAL  COURT NO. 2  DECISION  OF JUNE  6,  2014:  FIRST DECISIONS ON THE  SUSPENSION OF  ENFORCEMENT PROCEEDINGS UNDER ARTICLE 5  BIS OF THE INSOLVENCY ACT AFTER  ROYAL DECREE-LAW 4/2014

BARCELONA PROVINCIAL COURT (DIVISION 15)  RULING  OF APRIL  3,  2014, NO.
116/2014, AND  LA CORUNA PROVINCIAL COURT (DIVISION 4) RULING OF APRIL  22, 
2014, NO. 118/2014: ARTICLE 90.1.6 OF THE INSOLVENCY ACT REFERS TO THE PLEDGE SECURING FUTURE CREDITS

Two new decisions on article 90.1.6 of the Insolvency Act coincide in stating that the last  point of this precept refers to the pledge securing future credits, and not to the pledge over future credit rights.

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A) Impugnación individual y plural del despido no impugnado colectivamente

INTRODUCTION

1.- Antecedentes

I. Transmisión de la unidad productiva como garantía de viabilidad de la empresa. Una remisión al régimen laboral en la sucesión de empresas 1. Una de las novedades más interesantes desde la perspectiva laboral de la reforma operada en la Ley Concursal (Ley 22/03, 9 jul., BOE, 10, en adelante LC) por el RD-L. 11/14, 5 sep., BOE, 6 es la incorporación de un régimen jurídico especial para el supuesto de que se produzca la transmisión de unidades productivas en el proceso concursal (nuevo art. 146 bis LC). La regla de la que parte el art.

Spanish Royal Decree-Law 4/2014, passed on March 7 2014, has considerably changed the rules for the court-sanctioning of so-called Spanish schemes of arrangement. Amongst those changes, the reform has lowered the majorities required to achieve a Spanish scheme. Currently, a majority of at least 51% of the financial liabilities held by all creditors at the time of the refinancing agreement (acuerdo de refinanciación) approval, will suffice to request the insolvency judge to sanction the agreement, so it is considered ringfenced and protected from any challenge for rescission.

La reforma aparecida en el BOE del sábado 6 de septiembre plantea problemas sistemáticos y de fondo que no pueden ser tratados en esta nota, con la que se pretende orientar a los operadores en las reglas y problemas que prima facie sugiere la lectura de la norma. Evidentemente, hay que esperar nuevos productos legislativos, de ajuste de la presente reforma con la que se introdujo por el RD 4/2014.

The fourth additional provision of the Spanish Insolvency Act (IA) provides for homologation (court sanctioning) of a refinancing agreement signed by creditors representing at least 51 per cent of financial liabilities whilst meeting certain conditions set out in article 71 bis at the time of adoption of said agreement.