Rescission under the Spanish Insolvency Act

What acts can be rescinded?
Section 71 of the SIA establishes the possibility of rescinding certain acts within the two (2) year period preceding the Declaration of Insolvency, on the grounds that those acts are prejudicial to the insolvent estate and regardless of whether or not those acts had been performed with the aim of deceiving the interests of the creditors. Upon Declaration of Insolvency, those actions which are deemed by the judge to be detrimental to the estate of the insolvent debtor and which have been carried out during the two&nbsp,(2) year period preceding such date, may be rescinded even in the absence of fraudulent intention. The underlying rationale for this mechanism of rescission is the protection of the assets of the insolvent debtor as well as the principle of equality amongst creditors (par condition creditorum).