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THE SUPREME COURT OF SPAIN ABOLISHES A PRECEPT OF IMMIGRATION REGULATIONS

Article 88 of the Royal Decree 557/2011 on immigration matters establishes what the employer must do in case he wants to hire a foreign employee. He must file the relevant application for an authorisation before the competent organ, accompanied by the required documents, and said administrative organ, once the file has been examined, shall issue a resolution. Said resolution must…

CONCLUSION OF INSOLVENCY PROCEEDINGS DUE TO INSUFFICIENT ASSETS

I. Introduction The reform of the Bankruptcy Act of 2011 (LC) expressly addresses the termination of insolvency proceedings deriving from lack of assets to satisfy creditors against the bankruptcy assets (art. 176.1.3 and 176 bis LC). The term “insufficiency of assets” should be understood as the complete lack of assets, rights, amounts receivable, claims resulting from actions against third parties…