En un auto de 18 de diciembre de 2018, el Juzgado Mercantil número 1 de Madrid ha permitido que un deudor declarado en concurso pueda suscribir y homologar un acuerdo de refinanciación con posterioridad a la declaración de concurso.

Corporate income tax

Accelerated depreciation may only be elected in the statutory filing period for the return

Central Economic-Administrative Tribunal. Decision of February 14, 2019

As part of a limited review procedure, a taxpayer requested recognition of a downward adjustment to the corporate income tax base, by claiming the benefit related to accelerated depreciation (which had not been included on the return filed in the voluntary period). The tax authorities rejected that request.

El Tribunal Constitucional ha declarado inconstitucional una disposición de una ley del Parlamento de Cataluña que permitía que, en caso de venta a un tercero (habitualmente un fondo) de un crédito garantizado con vivienda, el deudor pudiera liberarse de su deuda pagando al comprador de la deuda exclusivamente el precio que éste había pagado (más los intereses legales y gastos causados por la reclamación).

The Constitutional Court has held unconstitutional a provision in a law passed by the Catalan parliament which, if a loan secured with a home is sold to a third party (a fund usually), allowed the debtor to be released from their debt by paying the buyer out of the debt only the price the buyer had paid (plus the statutory interest and costs caused by the claim).

Tolstoy warned that “if you look for perfection, you’ll never be content”; but Tolstoy wasn’t a bankruptcy lawyer. In the world of secured lending, perfection is paramount. A secured lender that has not properly perfected its lien can lose its collateral and end up with unsecured status if its borrower files bankruptcy.

In its ruling in FTI Consulting, Inc. v. Sweeney (In re Centaur, LLC), the United States Bankruptcy Court for the District of Delaware addressed the Supreme Court’s recent clarification of the scope of Bankruptcy Code Section 546(e)’s “safe harbor” provision, affirming a more narrow interpretation of Section 546(e).

En una reciente resolución, la DGRN trata de equilibrar el necesario rigor que debe presidir nuestro sistema registral con la adecuada agilidad y seguridad jurídica que requieren los adquirentes de bienes cuando se ha declarado la insolvencia.

La Dirección General de los Registros y del Notariado (DGRN) ha relajado los requisitos de inscripción de los bienes adquiridos durante el procedimiento concursal y, señaladamente, durante la fase de liquidación. Así lo señala en una resolución de 24 de octubre de 2018.

The DGRN is seeking to strike a balance between the necessary rigor that must prevail in the Spanish registration system and the legal certainty needed for the recipients of assets during insolvency proceedings. 

In a decision rendered on October 24, 2018, the Directorate-General for Registers and the Notarial Profession (DGRN) relaxed the requirements for registration of assets acquired during insolvency proceedings, and specifically, during the liquidation phase.

The United States Supreme Court has agreed to address “[w]hether, under §365 of the Bankruptcy Code, a debtor-licensor’s ‘rejection’ of a license agreement—which ‘constitutes a breach of such contract,’ 11 U.S.C. §365(g)—terminates rights of the licensee that would survive the licensor’s breach under applicable nonbankruptcy law.” The appeal arises from a First Circuit decision, Mission Prod. Holdings, Inc. v.

Selección de las principales resoluciones en materia de Reestructuraciones e Insolvencias.

Nulidad de un despido colectivo realizado en la sucursal española de una sociedad sometida a un procedimiento de insolvencia alemán

Sentencia de la Sala de lo Social de la Audiencia Nacional de 30 de abril de 2018