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💡 MCHM Lawyers - Lawyers - Bankruptcy Law 📎 Business Succession in Bankruptcy: Key to Preserving Employment and Ensuring Continuity 🏠 https://www.mchmabogados.es/idiomas/en/ 🔗 https://www.mchmabogados.es/idiomas/en/abogados-derecho-concursal-almeria ⚖️ Lawyers in Almería 📞 950 106 453 / 674 21 65 59 📧 info@mchmabogados.es 👉 Business succession in bankruptcy: maintaining employment as the axis of continuity ✨ 💬In today´s economic context, characterized by volatility and the need for constant adaptation, the figure of business succession within a Bankruptcy Law procedure acquires strategic relevance. It is not only a legal tool for business restructuring, but also an essential mechanism to preserve employment and guarantee the continuity of productive activity. ✍️ What is business succession in bankruptcy? Business succession, regulated in article 44 of the Workers´ Statute (ET), involves the transfer of an economic entity that maintains its identity, understood as a set of organized means aimed at carrying out an economic activity, essential or accessory. In the Bankruptcy Law context, this figure becomes especially important when the sale of an autonomous productive unit of the bankrupt company occurs. Spanish bankruptcy legislation, especially after the reform introduced by Law 16/2022, of September 5, has reinforced the role of the bankruptcy judge as the competent authority to determine whether business succession exists and, if applicable, to modulate the labor effects of such succession. Maintaining employment: a legal and social priority One of the fundamental objectives of the business succession regime in bankruptcy is to preserve jobs. The transfer of the productive unit should not, by itself, result in the termination of employment contracts. In fact, article 44 ET establishes that the transferee (the acquiring company) subrogates the labor and Social Security rights and obligations of the transferor (the bankrupt company). However, in the bankruptcy context, this subrogation can be limited or modulated by the bankruptcy judge, especially when required by the viability of the operation or the protection of the bankruptcy estate´s interest. This possibility has been subject to doctrinal and jurisprudential debate, as it conflicts with the principle of employment stability. Recent jurisprudence: balance between viability and labor rights The Supreme Court and the Court of Justice of the European Union have repeatedly addressed this issue. In particular, it has been recognized that, even within a Bankruptcy Law procedure, the protection of workers must be a priority, unless there are compelling reasons that justify otherwise. For example, it has been considered that the acquisition of a productive unit in bankruptcy does not automatically exempt the acquirer from labor obligations, even if the adjudication order indicates otherwise. The key lies in determining whether there is true continuity of economic activity and whether essential elements such as workforce, material means, or clientele have been maintained. The role of the bankruptcy judge The bankruptcy reform has strengthened the role of the bankruptcy judge, who may declare the existence or non-existence of business succession and modulate the labor effects of the transfer. This power is framed within the principle of “vis attractiva” of the bankruptcy procedure, which concentrates competence in the commercial judge to resolve all issues related to the active and passive estate of the bankruptcy, including labor matters. However, this power is not absolute. The judge must act respecting constitutional and community principles, especially regarding the protection of workers’ rights. Jurisprudence has emphasized that any limitation of subrogation must be duly motivated and justified in terms of general interest and business viability. Conclusion: a tool for responsible continuity Business succession in bankruptcy is not only a legal figure but a strategic tool for responsible business continuity. It allows saving viable productive units, preserving jobs, and minimizing the social impact of insolvency. But for it to effectively fulfill its function, a balance between the interests of the bankruptcy estate, workers’ rights, and legal certainty for acquirers is essential. In this regard, maintaining employment should not be seen as an obstacle, but as an essential asset that adds value to the transfer operation. Experience shows that companies that retain their human capital have greater chances of success in their new stage. ✨ ⚖️ Welcome to the Civil Online process offered by MCHM Lawyers. Through our online platform, we offer you the convenience of completing the entire procedure from the comfort of your home, without needing to visit our office or the courts (except for mandatory procedures). Below, we will guide you through each step of the process: Access to your Personal Account: Once you access our website https://www.mchmabogados.es/idiomas/en/inicio-sesion-mchmabogados-almeria [Civil], you can create a personal account or log in if you already have an existing account. From your personal account, you will have access to all the tools needed to complete the Civil process. Uploading Documents: From your personal account, you can upload all necessary documents to initiate the Civil process. This includes text documents, images, and any other relevant documents for your case. Receipt of Notifications and Requests: Once you have uploaded your documents, you will receive notifications and requests through your personal account on our online platform. These notifications will include information about your case status, any actions required on your part, and any important communications related to your Civil process. Tracking the Process: From your personal account, you can monitor the real-time progress of your case. This includes information about hearings, judicial rulings, and any other relevant updates. Communication with your Lawyer: Through our online platform, you will be able to communicate directly with your assigned lawyer. You can make inquiries, ask questions, and receive personalized legal advice at any time during the process. Receipt of Judgment: Once the process has been completed, you will receive the final judgment through your personal account on our online platform. This judgment will include any decision made by the court regarding your Civil case. In summary, our Civil Online process offers you the convenience and flexibility to complete the entire procedure from the comfort of your home, without needing to visit our office or the courts (except for mandatory procedures). With access to your personal account on our online platform, you can upload documents, receive notifications, communicate with your lawyer, and track the progress of your case in real time. At MCHM Lawyers, we are committed to providing you with the best possible service throughout the entire Civil process. ✨ 📖 lawyers in almeria 📍 For more information, do not hesitate to contact MCHM Lawyers. ✍️ ⚓️ business succession, bankruptcy, productive unit, employment maintenance, labor subrogation, business continuity, worker protection, bankruptcy judge, business transfer, economic viability, restructuring, labor law, employment stability, sale of productive unit, social impact

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