Category: International insolvency and financial crisis

Partners in a company analyzing options with a document held by one of them.

How to manage the competition of an international business group

International expansion is a common strategy for many business groups. However, when financial difficulties arise, the multinational structure greatly complicates insolvency management. Should the entire parent company file for bankruptcy? Can

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A new balance in debt: this is how the Second Chance changes

The debate on the discharge of public debt under the Second Chance Law (LSO) is at a crucial juncture. Recent Supreme Court rulings—especially STS 450/2025 (Plenary Session) and STS 1055/2025—have brought this debate to a head.

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Can a judge review abusive clauses in a bankruptcy proceeding?

The bankruptcy judge can also review unfair terms in insolvency proceedings. The Court of Justice of the European Union (CJEU) has once again taken a step in the insolvency field. In its recent ruling on

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A young man wearing a white shirt and a thoughtful expression sits inside a modern building with tall windows. He holds an orange pen while resting his chin on his hand, reflecting. The image conveys introspection and personal analysis, in an appropriate context to illustrate topics such as the Second Chance Law.

Does the second chance law exonerate all debts?

Does the Second Chance Law forgive all debts? What is the Second Chance Law? The Second Chance Law is a legal mechanism designed to help individuals, the self-employed, and companies that

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How to deal with bankruptcy proceedings for your Spanish subsidiary from abroad

Proper management of insolvency proceedings for a Spanish subsidiary requires an understanding of current Spanish insolvency law, even when the owner or manager resides abroad. Introduction: Context for the International Reader

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Businessman counting money and reviewing documents to claim debt from a foreign company in bankruptcy proceedings in the EU

What should you do if a company from another EU Member State goes into receivership and owes your company money?

What should you do if a company from another EU Member State goes into administration and owes your company money? In an increasingly international business environment, it is common for Spanish companies to maintain

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A serious-looking woman reviewing a document regarding the reimbursement of undue benefits, with a calculator and documents on the table.

Can you be required to repay a benefit granted in error?

The reimbursement of benefits granted due to alleged error by the Administration or its collaborating entities: can they demand repayment years later? Introduction In recent times there has been a significant increase in procedures

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What is the Second Chance Law

An introduction to the law, explaining its objectives and how it works, the Second Chance Act is an invaluable legal resource for people facing an overwhelming debt burden. This legislation, established in

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