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Refinancing and restructuring corporate debt in Spain: Reform of Spanish Insolvency Law

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Ruiz-Camara Ignacio
Ignacio Ruiz-Camara

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Madrid

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Vazquez-Guillen Antonio
Antonio Vazquez-Guillen

Partner

Madrid

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Urretavizcaya Jimena
Jimena Urretavizcaya

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Madrid

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Castresana Javier
Javier Castresana

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Madrid

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13 March 2014

Significant reforms to Spanish insolvency law to facilitate the refinancing and restructuring of corporate debt came into force on 9 March 2014 via the approval of Royal Decree-Law 4/2014 (RDL).

The aim of the reform is to ensure the survival of highly leveraged companies, which are viable from an operational point of view, through an orderly and balanced system of agreements with creditors and a wider range of refinancing options.

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