In March 2008 the author wrote an article on a Spanish bankruptcy case
in which a client of his was (and still is) involved, concerning a Spanish
company and its liquidators who “took the money and ran”, at least with
the money they should have paid to his client. The author initiated legal
proceedings against the liquidators in February 2005. By the time of writing
the article in March 2008, he was still waiting for one of the many Madrid
courts to be declared competent. In October 2008 that was decided by the
appeals court of Madrid. Since then, it is now 2012… the competent court,
Court number 51 of Madrid, is still “busy” serving the summons to the
liquidators. Jan Willem de Haan decided it was time for a new article on
Spanish bankruptcy law and practice. This time he will discuss a dangerous
pitfall in the actual Spanish....
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