Royal Decree-Law 11/2014, of September 5, on urgent measures in insolvency matters, introduces important reforms into the Insolvency Act regarding composition agreements and insolvency liquidation to facilitate the continuity of financially viable companies. Among other amendments, it extends to the composition agreement some rules of the refinancing agreements; it permits extending certain effects of the composition agreement to privileged creditors, including those of public law; and it introduces measures for making the transfer of the insolvent company’s production units more flexible, regulating labor and social security matters.