Tag #Rebus Sic Stantibus

What is the most significant impact of Spain's outdated legal framework on businesses affected by the recent floods?

The devastating floods in Spain have killed 230 people and severely damaged tens of thousands of businesses, resulting in substantial job losses. Over €14 billion in public aid has been allocated, yet economic recovery is hampered by outdated laws. A recent congress of lawyers in Valencia advocated for modernizing the Civil Code to address unforeseen events like this.