- La venta de la unidad productiva de las sociedades en concurso ha devenido en la actualidad un fenómeno habitual en los Juzgados Mercantiles, en especial de los de Cataluña que cuentan con el apoyo expreso de la Direcció General d´Industria de la Generalitat de Cataluña.
Esta solución concursal permite continuar con la actividad empresarial, asegura el mantenimiento de los puestos de trabajo y evita la destrucción del tejido empresarial.
Act 26/2013, passed on 27 December 2013 and published in the Official Journal of Spain on 28 December 2013 has amended the provisions of the Spanish Insolvency Act (the “SIA”) related to out-of-court restructuring. In particular Act 26/2013 modifies the 4th Additional Disposition of the SIA which allows to, upon certain circumstances, force extensions to dissident financial creditors in Spanish restructurings through the intervention of a Court (hereinafter, the “Court Homologation”).
When public institutions are suffering from financial deficits, one question is usually raised: can they sell art to survive? In the museum world it is generally understood that you are to deaccession art only if the work is duplicative of another work in the collection, or for similar collections-related reasons, and the sale proceeds are used exclusively for collections activities. Therefore, for example, you cannot seek to sell art to obtain sufficient liquidity to meet any financial obligation, or make debt service payments.
Act 14/2013, of September 27, 2013, favoring entrepreneurs and their internationalization (the “Act”), introduces a wide range of reforms on insolvency, corporate, tax and labor matters. Regarding insolvencies, it takes a more flexible approach to the quorum of financial creditors required for court-sanctioned refinancing agreements and it regulates out-of-court agree-ments for payment as mechanisms for out-of-court negotiation with creditors.
REFINANCING AGREEMENTS
Con la finalidad de agilizar la tramitación de los procedimientos de ejecución, reforzar las expectativas de cobro del deudor, dotar de mayor seguridad jurídica al mercado, y en última instancia, para tratar de dar respuesta a algunos de los problemas económicos –y socialesde los últimos tiempos, el Proyecto de Ley Orgánica de Reforma del Código Penal (en adelante, “el Proyecto de Reforma”) propone una nueva regulación de los delitos de alzamiento de bienes e insolvencia punible.
On September 27, Law 14/2013, on support to the internationalization of business, was approved (Spanish Official Gazette of September 28). From its entry into force on October 18, the procedure for out-of-court settlement of payments will be implemented, which is a new mechanism of debt renegotiation prior to the declaration of insolvency and an alternative to the so-called “pre-insolvency”, aimed to individual entrepreneurs, freelancers and small and medium-sized businesses that have not yet been declared insolvent whose assets and liabilities meet certain re
I. Planteamiento
Es sabido que en la práctica judicial concursalista española se ha extendido la técnica de dictar Autos de simultánea declaración y conclusión del concurso con extinción de la persona jurídica concursada y baja registral por la presumible insuficiencia del activo para hacer frente a los créditos previsibles contra la masa (denominado concurso express).
The Supreme Court clarified the insolvency categorisation for interest rate swap contracts, classifying them as insolvency credits, as they fail to meet the functional synallagma requirement, which establishes functional reciprocal obligations.
New criteria set out by the Bank of Spain will have a binding nature for supervised financial entities
Introduction
On 30 April 2013 the supervisory body of the Bank of Spain sent a formal communication to the financial entities subject to its supervision containing the criteria to be used with regard to the definition, documentation, follow-up and review of credit refinancing and restructuring transactions (the Communication).
Sí se puede, según pronunciamientos recientes de los Tribunales Superiores de Justicia. Se trata de varias Sentencias dictadas por el Tribunal Superior de Justicia de Castilla-La Mancha (entre ellas, la Sentencia de 11 de febrero de 2013, recurso n.º 320/2012, y la de12 de febrero de 2013, recurso n.º 321/2012), y del Auto del TSJ de Madrid número 41/2012, de 21 de enero.