The Property Registry may refuse to record construction company credits if the debtor company is in insolvency proceedings
06 Aug 202636 views
Who is affected:
Construction companies and creditors with refactionary credits against companies in insolvency proceedings
Summary
A construction company could not maintain preventive annotations on real estate because the debtor company was in insolvency proceedings. The insolvency judge has exclusive jurisdiction over the insolvent's assets.
Detailed analysis
PRO
The General Directorate of Legal Security resolves an appeal by a construction company (Fernández Molina Obras y Servicios) that attempted to maintain preventive annotations of refactionary credit on real estate of a developer in insolvency proceedings. The registrar suspended the annotation for three reasons: lack of …
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