The ongoing uncertainty surrounding the implementation of the Reform of the Consolidated Text of the Bankruptcy Law has been a central topic at the Rafael Altamira summer course, titled “Second chance after the reform of the combined text of the new bankruptcy law and the Bankruptcy Law.” The event is organized by the University of Alicante and the Alicante Bar Association (ICALI).
Experts highlight delays in developing the accompanying Regulation and in putting the Reform into effect, with the reform expected to take effect next January. The Senate has approved four amendments and sent the bill back to Congress for final approval of the new Bankruptcy Law Reform, which incorporates many of the changes discussed throughout the course. This process reflects a broader effort to harmonize and modernize bankruptcy procedures and to align them with contemporary business realities in Spain and beyond. [Source attribution: UA; ICALI]
The opening session of the trainings, which drew attention as tickets were sold through ICALI, was led by Josep Ochoa Monzó, Deputy Secretary General of the University of Alicante, along with Jaume Ferrer Lloret, Dean of the UA Faculty of Law. The course directors, Professor Nuria Fernández Pérez and Miguel Ángel Martínez Martínez, vice-president of the ICALI Board of Directors, also played key roles in guiding the program. [Source attribution: UA; ICALI]
Among the notable speakers during the two days were Antonio García del Moral, magistrate of the Supreme Court; Juana Pulgar Ezquerra, head of the Department of Commercial Law and a professor at the Complutense University of Madrid; and Esperanza Gallego Sánchez, professor and director of the UA Department of Commercial Law. Their insights contributed to a comprehensive exploration of the reform’s implications for practitioners, courts, and the business community. [Source attribution: UA; ICALI]
Throughout the sessions, participants examined the new role of the restructuring expert, reviewed new measures aimed at streamlining bankruptcy proceedings, and discussed the innovations introduced by the second-chance regime. The program also addressed how restructuring plans and budgets can be employed to support viable reorganizations and to reduce the burden on creditors and debtors alike. [Source attribution: UA; ICALI]