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    Precautionary measures in bankruptcy proceedings
    2008-07-03

    In its decision dated November 13th 2007, Madrid’s Provincial Court accepted the appeal against a decision delivered by Madrid´s Mercantile Court (number 6), which denied the adoption of civil precautionary measures, which were requested together with an action for joint and several liability against the administrators of Afinsa.

    The precautionary measure requested was the preventive freezing of assets from the administrators in order to prevent possible concealment actions.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Bankruptcy, Credit (finance), Adoption, Concurring opinion, Joint and several liability, Precautionary principle
    Location:
    Spain
    Firm:
    Squire Patton Boggs
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