Javier Díaz-Gálvez de la Cámara

Abencys

“Corporate bankruptcies in Spain registered 6420 proceedings in 2014, a decrease of 26 percent on 2013, when 8729 bankruptcy proceeding were filed. This trend has been in effect since the last quarter of 2013, which makes five consecutive terms where bankruptcy proceedings have decreased. Sectors that have been more affected by insolvency proceedings, like construction, real estate and services, representing 57 percent of total proceedings, have also seen a decrease in business failures. In the construction sector there were 786 fewer insolvency proceedings in 2014 compared to 2013, while real estate companies suffered 477 fewer business failures in the same period.”

Interview: Javier Díaz-Gálvez

Bankruptcy & Restructuring Annual Review 2015