Image
Pre-pack insolvency proceedings: The continuity of the insolvent company through express sale

Pre-pack insolvency proceedings: The continuity of the insolvent company through express sale

12 febbraio 2021

Next March, a considerable increase in the filing of insolvency proceedings is foreseen, which could most likely collapse the Spanish Courts. In order to avoid the devaluation of the debtor's assets and productive units that could be transferred in the framework of a procedure, the Courts of Barcelona have started to implement the new pre-pack procedure of express sale that offers advantages to creditors, workers and the debtor itself.

Icon For Arrow-up