Recent court rulings have cleared the main legal barriers to Carles Puigdemont's return, with Spain's Constitutional Court confirming the 2024 amnesty covers embezzlement charges tied to the 2017 referendum and the Supreme Court promptly lifting his arrest warrant in early October. This development has shifted trader focus toward timing, as Puigdemont and his Junts party signal a deliberate delay until after Spain's November 29 snap election to avoid campaign optics. Full case dismissal by the Supreme Court remains a key upcoming catalyst, alongside any official statements on his return plans from Waterloo. Historical precedent shows such political returns often hinge on resolved legal and electoral dynamics rather than immediate action.