Los avales covid-19 del ICO en el concurso: características y evolución de su régimen jurídico

Torrubia de Nova, Guillermo

Los avales covid-19 del ICO en el concurso: características y evolución de su régimen jurídico

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Torrubia de Nova, G. Los avales covid-19 del ICO en el concurso: características y evolución de su régimen jurídico. 2023. handle: http://hdl.handle.net/10230/57658

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Abstract

On 14 March 2020, the Cabinet published the Royal Decree 463/2020, by which it declared a state of alarm due to the health crisis caused by COVID-19. Article 7 of this Royal Decree provided for the confinement of the population except for the performance of essential activities, a situation that lasted until 21 June of the same year. This brought economic activity to an almost complete standstill, leading to the closure of millions of businesses. Faced with this situation, in the following months the government made available various lines of financing through guarantees granted by the ICO with the aim of providing liquidity. In total, the amount committed in the so-called "COVID-19 guarantees" amounts to almost 140 billion euros. However, despite this, many companies have not been able to recover from the impact of COVID-19 and have been forced to file for bankruptcy. This paper contains a detailed analysis of the legal regime of COVID-19 guarantees, covering both its evolution over the last two years and the effects that the current regulation has on insolvency proceedings.