{"id":14352,"date":"2026-11-12T15:26:39","date_gmt":"2026-11-12T15:26:39","guid":{"rendered":"https:\/\/www.keplerkarst.com\/the-end-of-the-anti-insolvency-protection-leaves-80000-companies-at-risk-of-facing-grounds-for-compulsory-dissolution\/"},"modified":"2026-11-12T15:31:41","modified_gmt":"2026-11-12T15:31:41","slug":"the-end-of-the-anti-insolvency-protection-leaves-80000-companies-at-risk-of-facing-grounds-for-compulsory-dissolution","status":"publish","type":"post","link":"https:\/\/www.keplerkarst.com\/en\/the-end-of-the-anti-insolvency-protection-leaves-80000-companies-at-risk-of-facing-grounds-for-compulsory-dissolution\/","title":{"rendered":"The end of the \u2018anti-insolvency\u2019 protection leaves 80,000 companies at risk of facing grounds for compulsory dissolution"},"content":{"rendered":"\n

The expiry of Spain’s temporary accounting relief on 31 December brings corporate financial resilience and recapitalisation capacity into sharper focus. This transition calls for businesses to look beyond the recovery of commercial activity and assess their underlying financial position.<\/p>\n\n\n\n

Davinia S\u00e1nchez de la Cruz, Managing Partner at Kepler\u2014Karst Law Firm, contributes to an article published by EL PA\u00cdS, entitled \u201cThe end of Spain’s insolvency shield threatens 80,000 companies\u201d, examining the implications of the expiry of this measure, which has allowed companies to exclude losses incurred in 2020 and 2021 when assessing statutory grounds for dissolution.<\/p>\n\n\n\n

Davinia S\u00e1nchez emphasises that a recovery in turnover does not necessarily mean that a company’s equity position has been restored, drawing particular attention to SMEs, whose more limited recapitalisation capacity warrants closer consideration.<\/p>\n\n\n\n

This changing landscape highlights the importance of anticipating capital requirements and assessing financial positions to support informed business decisions with greater legal certainty.<\/p>\n\n\n\n

Our thanks to Cinco D\u00edas and journalists P. Mart\u00edn Sim\u00f3n and Nuria Morcillo for including the firm’s perspective in their analysis.<\/p>\n\n\n\n

Read the full article here<\/a>: <\/p>\n\n\n\n

View the Spanish version<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The expiry of Spain’s temporary accounting relief on 31 December brings corporate financial resilience and recapitalisation capacity into sharper focus. This transition calls for businesses to look beyond the recovery of commercial activity and assess their underlying financial position. Davinia S\u00e1nchez de la Cruz, Managing Partner at Kepler\u2014Karst Law Firm, contributes to an article published […]<\/p>\n","protected":false},"author":1,"featured_media":8347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":""},"categories":[848,777],"tags":[],"acf":[],"yoast_head":"\nEnd of Spain\u2019s insolvency shield: 80,000 companies at risk | Kepler-Karst<\/title>\n<meta name=\"description\" content=\"Davinia S\u00e1nchez de la Cruz analyses in Cinco D\u00edas the end of Spain\u2019s temporary accounting relief on 31 December and its impact on SMEs\u2019 financial position.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keplerkarst.com\/en\/the-end-of-the-anti-insolvency-protection-leaves-80000-companies-at-risk-of-facing-grounds-for-compulsory-dissolution\/\" \/>\n<meta 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