Key aspects of restructuring and insolvency proceedings in 2022 in Spain

Key aspects of restructuring and insolvency proceedings in 2022 in Spain
The approval of the draft bill amending the Insolvency Act will bring about a significant change to restructuring transactions and will facilitate the sale of business units.
With the reform of the law, creditors will be able to agree and impose a restructuring plan on other creditors and the debtor's shareholders. In addition, new money, including interim financing, is also protected and business units can be transferred as part of a restructuring plan.
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