Regulatory Alerts2014-09-06
Royal Decree-Law 11/2014 of 5 September on Urgent Measures in Bankruptcy Matters
The Spanish State issued Royal Decree-Law 11/2014 to amend the Bankruptcy Law, introducing urgent measures to facilitate the restructuring and continuation of viable businesses. The decree modifies rules regarding the valuation of secured claims, expands voting rights for post-bankruptcy credit acquirers, and establishes special procedures for public contract concessionaires. It also streamlines the liquidation phase by simplifying the transfer of productive units and clarifying the definition of creditor classes to ensure proportional sacrifices among all stakeholders.
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