Articles

Reforms to employer succession in Spain

Reforms to employer succession in Spain

  • 10/05/2018

The Spanish Insolvency Act (hereinafter, “IA”) propose as one of its main objectives to maintain the continuity of the economic activity in companies involved in insolvency proceedings. During recent years, due to the regulation, it has been possible to save numerous jobs and business units through the sale of productive units within the context of insolvency proceedings. The reason behind this achievement was that this type of sale made it possible to keep business units economically viable by leaving behind insolvency liabilities, combined with subrogation of employment contracts as a necessity in order to ensure this continuity.

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The team is praised by clients for its "knowledge of insolvency matters and focus on finding solutions."

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The lawyers are "able to co-ordinate the work with firms abroad to make sure it goes smoothly," and goes on to highlight the firm's "reasonable fees, even in situations with partner involvement."

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"The team's ability to focus on the matters stands out. The lawyers understand the business and combine this with a high level of technical expertise." Another client enthuses: "We really enjoy working with them. The service is excellent."

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