The   Spanish Congress of Deputies approved the new Bankruptcy Law for the Transposition of Directive 2019/1023, on preventive restructuring frameworks, debt waivers,  looking  for to increase the efficiency of restructuring, insolvency and debt waiver proceedings, known as the Restructuring and Insolvency Directive.

The new Bankruptcy Law goes beyond the simple transposition of the EU Directive. In general, it introduces new mechanisms for greater efficiency in insolvency proceedings and strengthens preinsolvency measures. 

Here are the Summary of Key points SPANISH BANKRUPTCY LAW REFORM