Current Legislation Coordinator: Rosana Hallett Of counsel of GA_P No . 212017 Current Legislation No . 21 | 2017 2 © Gómez-Acebo & Pombo Abogados, 2017. All rights reserved Disclaimer: This digest is provided for general information purposes only and nothing expressed herein should be construed as legal advice or recommendation. Design and layout: José Á. Rodríguez and Ángela Brea • Translation and adaptation: John Woodger Contents I. Environment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1. El problema y la propuesta
Two years have passed since the United States Supreme Court passed down a 5-4 decision in Obergefell v. Hodges which held that same-sex couples have a fundamental right to marry under both the Due Process and Equal Protection Clauses of the Fourteenth Amendment.
On June 26, 2017, the Supreme Court granted certiorari in PEM Entities v. Levin to decide whether bankruptcy courts should apply a federal multi-factor test or an underlying state law when deciding whether to re-characterize a debt claim as equity. The Court’s decision to grant cert in this case should resolve a circuit split and clarify the law as it relates to re-characterizing corporate debt as equity.
No passado dia 1 de julho de 2017 entrou em vigor o Decreto-lei 79/2017 de 30 de junho de 2017 (“DL 79/2017”), que altera, entre outros, o Código da Insolvência e da Recuperação de Empresas, alterando, nomeadamente, o regime jurídico do Procedimento Especial de Revitalização (“PER”) que fica agora reservado a empresas.
Destacamos ainda outras alterações relevantes introduzidas pelo DL 79/2017:
On 1 July 2017, Decree-law 79/2017, of 30 June 2017 (“DL 79/2017”), entered into force. This piece of legislation amends, most notably, the Insolvency and Recovery of Companies Code and the legal framework of the Special Revitalization Procedure (“SRP”), which is now reserved only to companies.
Other noteworthy amendments introduced by DL 79/2017 are as follows:
La Dirección General de Tributos, en dos recientes consultas vinculantes, concreta el momento en el que los propietarios de acciones de una sociedad en concurso de acreedores pueden computar las pérdidas patrimoniales experimentadas con motivo de tal situación.
La Dirección General de Tributos, en la consulta vinculante V0624-17, de 9 de marzo del 2017, analiza cuándo y cómo puede computar una pérdida patrimonial el propietario de unas acciones de una sociedad suspendida de cotización y en fase de liquidación en un procedimiento concursal.
One of the primary reasons that most debtors seek bankruptcy relief is the automatic stay, which prevents creditors from pursuing collection efforts outside of the bankruptcy proceedings. Creditors can, however, seek relief from the automatic stay from the bankruptcy court under certain circumstances.
Article 92 of the Spanish Insolvency Act (SIA) sets forth that claims held by related parties shall qualify as subordinated in the event of insolvency of the debtor.
La operación sobre los activos de una empresa que se prepara con anterioridad a la declaración de quiebra para ser ejecutada inmediatamente después de que se declare la quiebra (pre-pack) puede plantear problemas laborales.