On 21 March, Royal Decree-Law 7/2026 was published in the Official State Gazette (BOE). This regulation approves the Comprehensive Plan to Address the Middle East Crisis, which is already in force and aims to mitigate the economic impact of recent global crises.
Under this new regulation, the so-called “corporate moratorium” — previously suspended — has been reinstated. This exceptional regime allows companies to exclude losses incurred in financial years 2020 and 2021 when assessing whether there are grounds for dissolution due to losses, as set out in Article 363.1.e) of the Spanish Companies Act. This measure will apply until the close of financial years starting in 2026.
To support the implementation of the moratorium, the regulation introduces several practical measures:
1-Restatement of financial statements: Directors who have already approved the annual accounts before the regulation entered into force may revise them within one (1) month. The general meeting may then approve the 2025 financial statements within three (3) months following their restatement.
2-Flexibility for already convened general meetings: For meetings called prior to the regulation entering into force but not yet held, the management body may:
- Change the date, time or venue of the meeting, or
- Cancel the meeting notice, provided at least 72 hours’ notice is given.
At addwill, we bring together multidisciplinary expertise to help companies navigate the end of the accounting moratorium and its impact.
Feel free to contact our team on +34 934 875 200, via email at comunicacio@addwill.eu, , or by clicking here.