Redacción

CONVIVENCIA NORMATIVA: URGENT INSOLVENCY MEASURES AND THE TRLC IN THE POST-COVID-19 ERA
Por Redacción MCHM Abogados / 24 de septiembre de 2024
MCHM Lawyers - Lawyers - Bankruptcy Law https://www.mchmabogados.es/idiomas/en/abogados-derecho-concursal-almeria Lawyers in Almería 950 106 453 / 674 21 65 59 info@mchmabogados.es Convivencia Normativa: Urgent Insolvency Measures and the TRLC in the Post-COVID-19 Era. ⚖️ Coexistence of Regulations: Urgent Insolvency Measures and the Consolidated Text of the Insolvency Law (TRLC). The health crisis caused by COVID-19 has had a significant impact in multiple areas, including the economic and legal sectors. In response to this situation, various urgent measures were implemented to mitigate the adverse effects on companies and professionals. Among these measures, insolvency-related provisions stand out, designed to provide a support framework for struggling entities. ✍️ The Royal Legislative Decree 1/2020, which approves the Consolidated Text of the Insolvency Law (TRLC), came into force on September 1, 2020. This consolidated text aims to regulate, clarify, and harmonize the numerous reforms the Insolvency Law has undergone since its enactment in 2003. However, it is crucial to highlight that the TRLC did not repeal the urgent insolvency measures specifically approved to address the COVID-19 crisis, such as Royal Decree-law 16/2020. This means that, temporarily, both regulations coexist, creating a unique legal scenario that deserves to be analyzed in detail. Context and Justification of Urgent Measures The urgent measures adopted during the pandemic focused on flexibilizing and adapting insolvency procedures to prevent a wave of insolvencies and bankruptcies. Among the most relevant provisions are: Suspension of the obligation to file for insolvency: A moratorium was established so that companies were not required to file for insolvency during the state of alarm and for a subsequent period. Facilitation of out-of-court agreements: Mechanisms were promoted to facilitate refinancing and debt restructuring agreements outside the judicial sphere. Priority of credits: The priorities of credits were temporarily modified to favor the continuity of companies in distress. Coexistence of Regulations The coexistence of the TRLC and the urgent measures presents several challenges and opportunities for legal professionals and companies. On one hand, the TRLC introduces significant changes in the systematics and wording of the insolvency law, aiming for greater clarity and coherence. On the other hand, the urgent measures remain in force, providing a temporary specific support framework for companies affected by the pandemic. This regulatory duality requires careful interpretation and practical application that considers the particularities of each case. Legal professionals must be attentive to the validity dates and possible interactions between both regulations to provide proper advice to their clients. Future Perspectives As the health and economic situation evolves, new reforms and adjustments in the insolvency framework are likely to occur. The experience gained during the pandemic can serve as a basis for developing a more resilient system tailored to the needs of companies in times of crisis. In conclusion, the temporary coexistence of the TRLC and the urgent insolvency measures approved due to the COVID-19 crisis represents a significant challenge for the legal field. However, it also offers an opportunity to reflect on the flexibility and adaptability of the Spanish insolvency system, with a view to future reforms that could strengthen the system’s responsiveness in emergency situations. ✨ ⚖️ Welcome to the Online Mercantile Process offered by MCHM Abogados. Through our online platform, we offer you the convenience of completing the entire process from the comfort of your home, without the need 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/inicio-sesion-mchmabogados-almeria [Mercantile], 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 necessary tools to complete the Mercantile process. Document Upload: From your personal account, you can upload all the necessary documents to start the Mercantile process (this includes documents relevant to 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 the status of your case, any actions required from you, and any important communications related to your Mercantile process. Process Tracking: From your personal account, you can track the progress of your case in real time. This includes information on hearings, court resolutions, and any other relevant updates. Communication with Your Lawyer: Through our online platform, you will have the ability to communicate directly with your assigned lawyer. You can ask questions, make inquiries, and receive personalized legal advice at any time during the process. Receipt of Judgment: Once the process is 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 Mercantile case. In summary, our Online Mercantile Process offers you the convenience and flexibility of completing the entire process from the comfort of your home, without the need 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 Abogados, we are committed to providing you with the best possible service throughout the entire Mercantile process. For more information, do not hesitate to contact MCHM Abogados. ✍️
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⚖️ Nota: Esta información no constituye asesoramiento legal y no debe interpretarse como tal. Se recomienda consultar con MCHM abogados, especialistas en la materia, para obtener asesoramiento específico sobre su caso.
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