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    El TJUE permite salvar los procedimientos de ejecución en supuestos de vencimiento anticipado de hipotecas de consumidores
    2019-03-26

    Una sentencia del Tribunal de Justicia de la Unión Europea (TJUE) avala sustituir una cláusula abusiva de vencimiento anticipado en un préstamo hipotecario por la aplicación del artículo 693.2 de la Ley de Enjuiciamiento Civil (LEC), según el cual es válido y no abusivo iniciar una ejecución hipotecaria por impago de al menos tres cuotas mensuales.

    Filed under:
    European Union, Spain, Banking, Insolvency & Restructuring, Litigation, Real Estate, Garrigues, CJEU
    Authors:
    Diego Vicente Pérez , Juan Verdugo
    Location:
    European Union, Spain
    Firm:
    Garrigues
    Restructuring & Insolvency Newsletter - March 2019 | Judgments of interest
    2019-03-04

    Ranking of claims payable to the government in respect of refunded subsidies depends on when they were granted

    Judgment by the Supreme Court (Chamber One), November 20, 2018

    Chronological parameters must be used when classifying claims arising from the obligation to refund subsidies. Accordingly, if the subsidies were granted before the insolvency order, the claim in respect of the refunded subsidy must be a pre-insolvency claim whereas if the subsidy was granted after the insolvency order, the claim for the refund must be a post-insolvency claim.

    Filed under:
    European Union, Spain, Insolvency & Restructuring, Litigation, Garrigues, CJEU
    Authors:
    Adrian Thery , Borja García-Alamán , Juan Verdugo
    Location:
    European Union, Spain
    Firm:
    Garrigues
    Newsletter Reestructuraciones e Insolvencias - Marzo 2019 | Resoluciones
    2019-03-04

    El rango de los créditos a favor de la Administración por restitución de subvenciones depende del momento de su concesión

    Sentencia de la Sala Primera del Tribunal Supremo de 20 de noviembre de 2018

    Filed under:
    European Union, Spain, Insolvency & Restructuring, Litigation, Garrigues, CJEU
    Authors:
    Adrian Thery , Borja García-Alamán , Juan Verdugo
    Location:
    European Union, Spain
    Firm:
    Garrigues
    Exclusive jurisdiction in European insolvency law
    2019-02-05

    On 14 November 2018, the Court of Justice of the European Union issued a judgment on jurisdiction for avoidance actions under the previous Insolvency Regulation.

    In its decision of 12 February 2009, the Court had already established that the courts of the Member State with jurisdiction to open insolvency proceedings are competent for all the actions directly related to the insolvency.

    Filed under:
    European Union, Insolvency & Restructuring, Taylor Wessing, CJEU
    Authors:
    Leopold Bauer
    Location:
    European Union
    Firm:
    Taylor Wessing
    Una nueva sentencia sobre la calificación concursal —o no— de una acción a efectos de la determinación de la competencia judicial internacional
    2019-02-19

    No es concursal una acción que tiene por objeto una pretensión de indemnización de daños y perjuicios por responsabilidad delictual o cuasidelictual, que ejercita el síndico en el marco de un procedimiento de insolvencia y que, de prosperar, daría lugar a la reintegración de lo obtenido en la masa activa. La competencia para conocer de ella se determina por las disposiciones del Reglamento Bruselas I (RBI, aplicado al caso por razones temporales, si bien lo decidido por el Tribunal de Justicia de la Unión Europea [TJUE] se extiende al actualmente aplicable RBIbis).

    Filed under:
    European Union, Netherlands, Insolvency & Restructuring, Litigation, Gomez-Acebo & Pombo Abogados, CJEU
    Authors:
    Elisa Torralba Mendiola
    Location:
    European Union, Netherlands
    Firm:
    Gomez-Acebo & Pombo Abogados
    EBS v Kenehan - The Role of Unfair Contract Terms Law in Repossession Actions
    2017-11-06

    Although many sectors of the Irish economy are experiencing the benefits of economic upturn, a number of Irish homeowners are still dealing with the after-effects of the recession. In this context, some defaulted homeowners are defending repossession proceedings by banks and alternative lenders relying on the EU Directive on Unfair Contract Terms ("UCTD").

    Filed under:
    European Union, Ireland, Banking, Insolvency & Restructuring, Litigation, Maples Group, CJEU, European Convention on Human Rights
    Authors:
    John Breslin
    Location:
    European Union, Ireland
    Firm:
    Maples Group
    Timeline: What is on the Horizon? - October 2017
    2017-10-03

    EU requirement for national insolvency registers to be established in all Member States (Recast Insolvency Regulation 2015 ((EU) 2015/848))

    Will Nevin Partner T +44 20 7466 2199 [email protected]

    UK TIMELINE

    Kevin Pullen Partner T +44 20 7466 2976 [email protected]

    2017Q4 (Oct-Dec)

    Filed under:
    European Union, Global, United Kingdom, Banking, Capital Markets, Competition & Antitrust, Construction, Derivatives, Employee Benefits & Pensions, Employment & Labor, Energy & Natural Resources, Insolvency & Restructuring, Insurance, Intellectual Property, Litigation, Public, Real Estate, Tax, Herbert Smith Freehills LLP, Corporate governance, Brexit, Financial Conduct Authority (UK), European Commission, CJEU, Financial Reporting Council, FIDIC, MiFID, Corporate Governance Code 2018 (UK)
    Location:
    European Union, Global, United Kingdom
    Firm:
    Herbert Smith Freehills LLP
    CJEU limits situations in which insolvency laws relating to transaction avoidance may override Parties’ contractual choice of law
    2017-07-14

    In a recent judgment, the Court of Justice of the European Union (CJEU) confirmed the extent to which an English law governed contract can be subject to the transaction avoidance provisions of the insolvency law of other another member state if one of the counterparties enters into insolvency in that member state (eg Italy): Vinyls Italia SpA v Mediterranea di Navigazione SpA C-54/16 (8 June 2017).

    Filed under:
    European Union, Italy, United Kingdom, Insolvency & Restructuring, Litigation, Public, Herbert Smith Freehills LLP, CJEU
    Authors:
    John Whiteoak , Andrew Cooke
    Location:
    European Union, Italy, United Kingdom
    Firm:
    Herbert Smith Freehills LLP
    Tax Law Newsletter (Portugal) | 2nd Quarter 2019
    2019-07-10

    The perspective of a ahot summer arriving is an excellent opportunity to take a look at the most relevant events that occured on the second quarter of 2019.

    On an international level, and in contrast with the previous quarters, few events are worth mentioning.

    Filed under:
    Portugal, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Real Estate, Tax, Cuatrecasas, Stamp duty, CJEU
    Location:
    Portugal
    Firm:
    Cuatrecasas
    Restructuring & Insolvency Newsletter - December 2019 | Judgments of interest
    2019-05-22

    Selection of the main restructuring and insolvency judgments.

    Requirements for subordination of claims notified out of time

    For a claim notified out of time not to be classed as subordinate, it must meet the following tests: (i) it must appear in the debtors’ documents; (ii) it must be due and payable; (iii) the fact that it exists and is payable must be beyond doubt; and (iv) it cannot be overlooked by the insolvency practitioner when drawing up the list of creditors by reason of the circumstances of the case.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Garrigues, CJEU
    Authors:
    Adrian Thery , Borja García-Alamán , Juan Verdugo
    Location:
    Spain
    Firm:
    Garrigues

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