The especial procedure for micro-companies in the Reform of the Insolvency Law: subjetive scope and relevant aspects

bankruptcy law

Abstract

This study deals with the subjective scope and the most relevant aspects of the special procedure for micro-companies provided for in the third book of the Reformed Text of the Insolvency Law. In relation to the subjective scope, the assumptions set forth in Article 685 of the TRLC are discussed. Among the relevant aspects derived from the the regulation, its universal nature, the obligatory and exclusive submission for micro-companies, the flexibility and reduction of costs, as well as the breadth of its objective budget are highlighted. Throughout the research, some contributions of minor jurisprudence are brought up.