José Pajares, source of information for Diario La Ley

Diario La Ley publishes, on June 5, 2024, an article by author Miguel Angel Raspall “Pre-Insolvency Law of the Company. Relationship between the principle of conservation and early warning, the flexibility of the target budget and active pre-bankruptcy legitimation” in which it draws on international contributions, including the Director of the Department of Restructuring and Insolvency Law of Cremades & Calvo-Sotelo Abogados , Mr. José Pajares.

Mr. José Pajares, lawyer and professor specialized in bankruptcy matters, responds among others to a question about the early warning regime in Spain: “in effect, there is nothing more than what results from the Consolidated Text of the Bankruptcy Law (TRLC) that establishes as an objective budget the probability of insolvency, or what is the same, a reference to having to develop early warning mechanisms that, for now, have not advanced and are limited to statistics and programs in some ministry on companies in the sector. .

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