Since 2020 insolvency activity in Spain slowed down because of the moratorium declared by the Spanish government in the wake of Covid-19, under which the obligation to file for insolvency was suspended until 30 June 2022.
Perhaps unsurprisingly, official statistics for the third quarter of 2022 showed a dramatic increase in the insolvency declarations within the Spanish market after the moratorium lifted. The number of insolvent companies increased by 55.5% compared with the same period in 2021.
In this economic context, this post aims to provide concise (although not necessarily exhaustive) answers to some of the issues that may arise when a Spanish party to an arbitration agreement is (or may imminently be) declared…