Types of Wills in Spain: Common or Special

A will is a legal act in which the deceased or testator disposes of his or her property, rights, and obligations. According to the State, the modalities of wills may vary. In Spain, the Spanish Civil Code regulates wills, which creates differences between the common and special wills.

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Penalty System of the Spanish Law on Protection of Personal Information

Following the reform of the penalty system of the LOPD, where authority reverts back to the Spanish Agency on the Protection of Information, both those individuals responsible for the files (organizations that treat personal information directly) and those in charge of the treatment of this information (organizations that handle Personal Information under commission) will be subject to the penalty regime of the LOPD.

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Disadvantages of Partnerships in Spain

The most important disadvantage of partnerships in Spain is the unlimited liability of partners for the debts of the partnership. Furthermore, taxation for partnerships is considerably higher. Therefore business owners usually transform the partnership into another type of company.

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Advantages of Partnerships in Spain

Before establishing your business in Spain it is advisable to consider which kind of company might best suit your interests and may be your best option. Spain offers different types of business entities to start a business: limited liability company, public limited company, partnership, new enterprise limited company, etc. each one has different set of legal and fiscal responsibilities.

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Unapproved Refinancing Agreements in Spain

A new regime is being introduced in order to give some unapproved refinancing agreements judicial validity. The new regime will enter into force before the effective date of the Real Decree Law; however, the previous regime will still apply unless the parties choose otherwise. 

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The Dissolution of a Company in Spain due to Losses

The dissolution of a company in Spain as a result of losses, in particular in times of an economic crisis, requires certain procedures to be followed. The Corporate Enterprises Act (LSC) highlights different methods of dissolving a company depending on what type of company it is.

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terms-and-conditions

Features and benefits of part-time contracts in Spain

An employment contract is a part-time contract where there exists an agreement to provide services during a certain number of hours a day, week, month, or year minus the number of working hours of a comparable worker employed full-time. Part-time contracts are attractive alternatives to reduce labour costs for employers.

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