Corporate
The dissolution of a Company due to the paralysis of its corporate bodies.
What’s the dissolution of a Company ? It is the legal act that opens the process of liquidation that will lead to the extinction of the company.
Covenant and waivers. What are they?
A Covenant is an essential element of a loan contract; of any loan. It's just another Anglicism. But this is one of the most relevant and dangerous for the borrowers.…
What do you need to know before you enter a Bankruptcy Procedure?
There are 10 practical aspects that should be taken into account before submitting a Bankruptcy. Here we describe them through a Decalogue.
How to acquire a company without debts/encumbrances in a bankruptcy procedure?
Can a company or a productive unit be acquired in a bankruptcy process without assuming the debts of the bankrupt company? And can it be acquired, without assuming the workforce?…
A Practical Guide to Directors Liability
The company’s director will be held responsible of the company's debts to the company’s owners and to its creditors. He must therefore respond with his personal assets for the company's…
Loyalty shares
Strictly speaking, loyalty shares are new shares or holdings that the company grants to reward certain partners. The expression loyalty shares can also be used to describe all kinds of…
Non-compliance with accounting duties
Failure to comply with accounting duties is the most analyzed behavior in bankruptcy qualification pieces. Here we briefly explain the typology and the last position of the Supreme Court
Documentary credit
This article explains how the documentary credit works and its different types. It highlights which is more beneficial for the parties when choosing it as payment. Finally, which are the…
Delay in the Bankruptcy Procedure´s Application
The Directors have a two months term starting when they knew or should have known the insolvency situation.
Royal Decree 16/2020 on Procedural Measures, Blade Runner and Desperate Lawyers
since March 14th, 2020, the terms and deadlines for proceedings have been suspended. This has paralysed the entire administration of justice, suspending deadlines, trials, proceedings, executions, collections, etc.
