The payment plan as a booming alternative to debt relief.
The payment plan is a fundamental mechanism designed to obtain the exoneration of unsatisfied liabilities by individual debtors protected by the bankruptcy law. This instrument offers an alternative route for financial recovery. As provided for in article 486 of the consolidated text of the Insolvency Law (“TRLC”) in Spain, the debtor who is a natural […]
ICO Loans in Spanish Restructuring Plans: Analyzing Their Special Legal Status
The treatment of ICO (Official Credit Institute) loans in the insolvency and pre-insolvency framework has undergone significant evolution in recent years. Initially regulated by Royal Decree-Law 8/2020, of March 17, as a response to the COVID-19 crisis, their regime has been progressively refined through successive legislative measures. Law 16/2022, of September 5, which amended the […]
Sri Lanka’s Bonds Innovations
Introduction After defaulting due to a currency crisis in 2022, the Republic of Sri Lanka reached an agreement with the IMF designed to help the country to regain sustainability. According to the Extended Fund Facility (EFF) arrangement reached with the IMF, disbursements would be made available over the course of a four-year programme during which […]
Significant Increase in Economic Crimes
In the opening session of the new judicial year, the Spanish Supreme Court’s Attorney General presented their annual report for 2024, containing data and considerations that warrant some considerations. In the field of economic crime—a specialty of Kepler-Karst Law Firm—a substantial increase in the number of criminal proceedings has been noted. The report indicates that […]
Should tax claims be excluded in the acquittal of debts? The Court of Justice of the European Union opines
In view of the issues raised regarding the treatment to be given to tax claims in the acquittal process of liabilities in the context of a bankruptcy procedure, the Eighth Section of the Provincial Court of Alicante has set a precedent by requesting, by Order of 11 October 2022, the opinion of the Court of […]
Kepler-Karst successfully obtains the declaration of the necessary insolvency proceedings for Abuntia Services S.L., in the alleged scam involving Wenance and Abuntia, affecting over 1,000 victims.
Kepler-Karst achieves a new milestone in the Wenance and Abuntia case, representing over 200 affected individuals – out of a total of more than 1,000 – in an alleged scam. On April 19, 2024, the Judge presiding over Commercial Court No. 4 of Madrid ruled to declare the necessary insolvency proceedings for Abuntia Services S.L., […]
The second edition of the book “Understanding Sovereign Debt. Options and Opportunities for Africa”, co-authored by Rodrigo Olivares-Caminal, has been launched by the African Legal Support Facility (ALSF) in collaboration with the IMF.
Our sovereign debt expert, Professor Dr. Rodrigo Olivares-Caminal is one of the co-authors of the book “Understanding Sovereign Debt. Options and Opportunities for Africa”. The second edition was launched by the African Legal Support Facility in collaboration with the @nternational Monetary Fund, last week during the IMF_WB annual meetings in Washington DC. This book provides […]
Fraud (‘Dolo’) in Tax Evasion
What is ‘Dolo’ in tax evasion? ‘Dolo’, in the context of tax evasion, refers to the deliberate and conscious intention to commit an illegal action with the aim of tax evasion. But it also encompasses the behaviour consisting of the deliberate ignorance of not wanting to know what can and should be known. In legal […]
Spanish Preliminary Proceedings
What are preliminary proceedings, and what is its purpose? Preliminary proceedings refer to a short, expedited procedure to be conducted prior to filing a lawsuit. Through these proceedings, the prospective plaintiff or claimant can request the assistance of the court to obtain information, specify, or clarify essential data and issues necessary for the filing and […]
Sports Corruption
The ‘ Operation Pizarro’, the ‘Eldense Case’, the ‘Levante-Zaragoza Case’, and ‘Operation Oikos’ are some of the sports corruption cases that have been investigated in Spain. The ongoing ‘Negreira Case’ is the one which is making the strongest impact due to its media coverage. It follows an investigation pursued by the Tax Agency against Mr. […]
