Spanish Insolvency Act definition

Spanish Insolvency Act means Spanish Law 22/2003, on insolvency proceedings (Ley 22/2003 de 9 de xxxxx, Concursal), as amended, restated or substituted from time to time (including, without limitation, the restated text of the Spanish insolvency act, enacted through Royal Decree Legislative 1/2020 (Real Decreto Legislativo 1/2020, de 5 xx xxxx, por el que se aprueba el texto refundido de xx Xxx Concursal) once it enters into force).

Spanish Insolvency Act means law 22/2003, dated 9 July, Concursal, as amended from time to time.

Spanish Insolvency Act the Spanish Act 22/2003, of 9 July, on Insolvency (Ley 00/0000, xx 0 xx xxxxx, Concursal), as amended or restated from time to time.

Examples of Spanish Insolvency Act in a sentence

• According to the Spanish Insolvency Act, secured creditors are considered privileged creditors (acreedores con privilegio especial) which may initiate separate proceedings, though subject to certain restrictions derived from a waiting period as stated below.

• This is primarily due to the fact that the Spanish Insolvency Act was recently subjected to a full reform.

• The Spanish insolvency regime is regulated by the Spanish Insolvency Act 22/2003, dated 9 July (the “Insolvency Act”).

• In particular, in relation to any Obligor incorporated under the laws of Spain, without prejudice to the above, each of the Subordinated Creditors expressly accepts and acknowledges that any of its claims against such Obligor in respect of the Subordinated Debt shall be deemed as subordinated claims in accordance with article 92.2 of the Spanish Insolvency Act (Ley 22/2003 Concursal).

• When the debtor has identified its creditors, the bankruptcy judge notifies them of the start of the procedures and their obligation to make their claims under the agreement with the Spanish Insolvency Act.

More Definitions of Spanish Insolvency Act

Spanish Insolvency Act means Law 22/2003 of 9 July 2003, on Bankruptcy (Ley 22/2003, de 9 de julio, Concursal), as amended from time to time.

Spanish Insolvency Act means the Spanish Act 22/2003, of 9 July, on Insolvency.

Spanish Insolvency Act means the Spanish Royal Legislative Decree 1/2020 of 5 May, approving the restated version of the Insolvency Law (Ley Concursal), as amended from time to time.

Spanish Insolvency Act means the recast text of the Spanish Insolvency Act approved by the Royal Legislative Decree 1/2020, of 5 May (Real Decreto Legislativo 1/2020, de 5 de mayo, por el que se aprueba el texto refundido de la Ley Concursal), as amended or restated from time to time.

Spanish Insolvency Act means the Spanish Royal Legislative Decree 1/2020 dated 5 May 2020 approving the restated Spanish Insolvency Act, as amended from time to time.

Spanish Insolvency Act means the Royal Legislative Decree 1/2020, of 5 May, which approves the Recast Spanish Insolvency Law (Texto Refundido de la Ley Concursal), as amended from time to time.

Spanish Insolvency Act means the Spanish Royal Legislative Decree 1/2020 of 5 May, approving the restated version of the Insolvency Law (Real Decreto Legislativo 1/2020, de 5 de mayo, por el que se aprueba el texto refundido de la Ley Concursal), as amended from time to time and, in particular, as amended by Law 16/2022 of 5 September (Ley 16/2022, de 5 de septiembre, de reforma del texto refundido de la Ley Concursal).