Amendments to Law 22/2003 of 9 july, Insolvency, introduced by Law 14/2013 of 27 september to support entrepreneurs and internationalisation

Abstract

This article will analyse the modifications that the so-called «Law on Entrepreneurs» has made to Insolvency Law.

It would appear evident that insolvency law is a dynamic social reality. The last large reform of Insolvency Law came about under Law 38/2011 of 10 October. Two years later, some previously amended articles were again modified and, as we will see later, the number of articles and Titles in Law 22/2003 has increased.

To find a preface to the amendments, we have to look at Law 5/2012 of 6 July on mediation in civil and trade matters. As you will see, it is not always easy to conciliate two laws and, on this occasion, there is no exception.

Lastly, we must recognise that the willingness of the legislator in trying to shorten timeframes and provide fast solutions to matters of such social relevance is praiseworthy – as always, we earnestly hope that theory does not clash directly with reality.