Analysis of the main developments of the Bankruptcy Law Reform Bill approved by the Spanish Congress
On 25 August, the Extraordinary Plenary Session of the Congress of Deputies has approved the Bill to Reform the Consolidated Text of the Insolvency Act (the “Bill”), which aims to transpose into Spanish law, the Directive (EU) 2019/1023 of the European Parliament and of the Council, of 20 June 2019, on preventive restructuring frameworks, discharge of debts and disqualifications and on measures to increase the efficiency of restructuring, insolvency and debt waiver procedures (the “Directive”).
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