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    El interés social puede llegar a estar más cerca de los acreedores que de los socios
    2018-03-05

    La Sala de lo Civil del Tribunal Supremo ha dictado recientemente una sentencia (STS 693/2017, de 20 de diciembre) que, si bien trae causa de un procedimiento concursal, establece conclusiones muy interesantes desde el punto de vista del derecho societario, en materia de conflictos de interés en el seno de los grupos de sociedades.

    Filed under:
    Spain, Company & Commercial, Insolvency & Restructuring, Litigation, CMS Albiñana & Suárez de Lezo
    Authors:
    Rafael Sánchez
    Location:
    Spain
    Firm:
    CMS Albiñana & Suárez de Lezo
    ¿Quién puede recurrir la sentencia que resuelve un incidente concursal de acción de reintegración?
    2018-03-05

    La Sala de lo Civil del Tribunal Supremo reconoce legitimación para interponer recursos al acreedor coadyuvante en un incidente concursal de acción de reintegración.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, CMS Albiñana & Suárez de Lezo, Tribunal Supremo (España)
    Authors:
    Juan Ignacio Fernández Aguado
    Location:
    Spain
    Firm:
    CMS Albiñana & Suárez de Lezo
    La protección de los créditos de la SAREB no alcanza a los declarados definitivamente subordinados antes del RDL 6/2013
    2018-03-21

    La reciente Sentencia de la Sala de lo Civil del TS de 15 de diciembre de 2017 se pronuncia sobre el criterio temporal de aplicación del Real Decreto-Ley 6/2013, para la protección de los créditos adquiridos por la SAREB frente a una eventual subordinación. Según el Tribunal Supremo, si la calificación del crédito era definitiva antes de la entrada en vigor de la norma, no puede modificarse posteriormente.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, CMS Albiñana & Suárez de Lezo, Tribunal Supremo (España)
    Authors:
    Juan Ignacio Fernández Aguado
    Location:
    Spain
    Firm:
    CMS Albiñana & Suárez de Lezo
    Imposing sanctions as a new measure to fight corporate default
    2018-03-21

    Spanish Congress debates a legislative proposal (Propuesta de Ley) to reinforce the fight against late payment in response to the European Union demand for the correct implementation of the Insolvency Directive (2011/7/EU). This proposal would establish a penalty system against defaulting companies.

    Filed under:
    Spain, Insolvency & Restructuring, Osborne Clarke, European Commission
    Authors:
    Silvia Steiner , Cristina Rosanes , Gustavo Esquivias
    Location:
    Spain
    Firm:
    Osborne Clarke
    Seittsa Takes Over Control Of The AP-36 Ocaña - La Roda Toll Motorway
    2018-03-21

    The AP-36 toll road is therefore handed back to the state, after Commercial Court 2 of Madrid approved the concessionaire's liquidation plan.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Shipping & Transport, Herbert Smith Freehills LLP
    Authors:
    Ignacio Paz , Miguel Riaño , Iria Calviño
    Location:
    Spain
    Firm:
    Herbert Smith Freehills LLP
    Transmisión empresarial en fase de liquidación con exoneración de deudas de seguridad social: posible para transacciones anteriores a la reforma de la Ley Concursal, inviable tras ella
    2018-03-27

    Un reciente pronunciamiento del orden contencioso-administrativo resulta sumamente útil en una controversia que parece irresoluble. La sentencia se pronuncia sobre un supuesto fáctico que precisa aplicar la Ley Concursal en su redacción anterior a la reforma del 2014.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Gomez-Acebo & Pombo Abogados, Tribunal Supremo (España)
    Authors:
    Lourdes López Cumbre
    Location:
    Spain
    Firm:
    Gomez-Acebo & Pombo Abogados
    Judgments | Restructuring & Insolvency Newsletter - May 2018
    2018-04-03

    A provision out of assets available to creditors as injunctive relief for holder of contingent claim must actually be material

    Decision by Barcelona Provincial Appellate Court on April 3, 2018

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Garrigues
    Authors:
    Borja García-Alamán , Adrian Thery , Juan Verdugo
    Location:
    Spain
    Firm:
    Garrigues
    La «relación jurídica preexistente» y la prenda de créditos futuros: una crítica
    2017-09-19

    1. El problema y la propuesta

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Gomez-Acebo & Pombo Abogados, Tribunal Supremo (España)
    Location:
    Spain
    Firm:
    Gomez-Acebo & Pombo Abogados
    Settling Claims against Directors of Insolvent Companies - the current position in Spain
    2017-05-23

    As Insurers underwriting risks in Spain are aware, the recent financial crisis resulted in a significant increase in claims against directors by trustees appointed when a company enters into an insolvency process. Insolvency proceedings in Spain reach a determination as to the culpability of directors implicated in the company's demise. In this context, the Spanish courts will look at whether the directors were "guilty" or whether the insolvency was "fortuitous". However, not all determinations will express whether the director's conduct was in bad faith or wilful.

    Filed under:
    Spain, Insolvency & Restructuring, Insurance, Litigation, DAC Beachcroft, Negligence, Underwriting
    Authors:
    Beatrice Rodriguez , Victoria Uceda
    Location:
    Spain
    Firm:
    DAC Beachcroft
    Concepto de grupo, concurso, subordinación
    2017-05-31

    En el concurso de acreedores de Cubigel Compressors S. A. U. (Cubigel), la administración concursal calificó de subordinado el crédito de Koxka Technologies S. L. U. (Koxka) por pertenecer esta sociedad al mismo grupo que la primera. De hecho, tanto Cubigel como Koxka eran sociedades unipersonales y sus únicos socios (a su vez sociedades mercantiles) estaban participados en porcentajes del 65 % y del 79 % por una misma persona física.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Gomez-Acebo & Pombo Abogados, Tribunal Supremo (España)
    Authors:
    Alberto Díaz Moreno
    Location:
    Spain
    Firm:
    Gomez-Acebo & Pombo Abogados

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