Some Legal Issues On Spanish Pre-Insolvency Debt Restructurings

This note aims to briefly identify the most analysed restructuring alternatives in Spain and spots some of the main legal issues and tools surrounding the same. For the purposes of this note the term «Insolvency Act» or «SIA» shall refer to Law 22/2003 as amended from time to time, whereas the term «Consensual Restructuring» shall refer to a debt restructuring on which 100% of the creditors are consenting, likewise, the term «Non-Consensual Restructuring» shall refer to a debt restructuring were not 100% of the creditors are consenting.
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This document does not pretend to be comprehensive and should not be relied upon. Specific legal advice should be at all times requested for each particular situation.