This article outlines the peculiarities of the Spanish system regarding foreign investors buying assets from insolvent companies. Specifically, this article examines the increase in and diversification of insolvencies; the background on the insolvency landscape (including the Insolvency Act, subject of the offer and judicial process); successor liability and timing of the acquisition.

This article is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.