Company Requirements of the Youth Contract in SpainThe youth contract can improve the number of young people obtaining first hand experience in small and medium businesses and freelancers. It is only applicable to those who are unemployed and under the age of 30 who have either no work exprience or less than three months experience. The prospect of a permanent contract means that there will be many benefits and bonuses as a result of the youth contract. Read more
New Commercial Code in Spain: commercial obligations and contractsThe Commercial Code in Spain establishes the regulation for the different phases of a contract’s life, from pre-contractual phase to the contract’s extinction and incompletion, The new regulation aims a more efficient market.Read more
Concept and purposes of the due diligence in SpainThe due diligence refers to an investigation procedure prior to acquiring or investing in a project. The aim of the due diligence is to give the investor or buyer a full knowledge of all the costs, benefits and risks involved in the transaction, so that he can take a reflexive decision.Read more
Seizure of a main residence in Spain due to debts to Social SecurityThe Entrepeneurs Act aims to find a different solution for debt collection procedures by facilitating a second opportunity to self-employed workers affected by the debt collection procedure. Read more
Commercial companies in Spain: partnerships and venture capital companiesThe creation or development of a project or activity in Spain will need to comply with the regulations within the Spanish new Commercial Code. The general provisions will depend on the type of company: partnership or venture capital company.Read more
The monitorio procedure in Spain: A fast way to recover debts in SpainThe main objective of the monitorio proceeding is the quick resolution of recovery claims. It has proven to be very useful for both entrepreuneurs and smes in the collection of commercial debts in Spain.Read more
Regulation of labour breaks during working hours in SpainIf a company in Spain, not obligated by an agreement or contract with the workers, considers the coffee break as working time, it cannot demand the workers to make up that time. That is an acquired right of the workers and any change would suppose a substantial modification on the conditions of the work contract.Read more
Complaint forms and the Law of Data Protection in E-Commerce in SpainLike any other form of trade, E- Commerce in Spain must have complaint forms available to their users. These forms, which contain personal data of users, must comply with the so-called LOPD (Ley Orgánica de la Protección de los Datos Personales), the general Law on Data Protection. In case of non- compliance, the business could be confronted with severe sanctions.Read more
Effects of the next fiscal Reform in SpainThe Preliminary Law on Fiscal Reform in Spain is creating a much more effective business competition aimed at both self-employed workers and businesses. The Reform proposes changes to tax on companies (TC), tax on the income of individuals (TII), tax agency, and VAT regarding e-commerce.Read more
Changes in the Bankruptcy Law in SpainThe Royal Decree-Act 4/2014 is focusing on the refinancing agreements which may include waivers and capitalisation of debt and deferral payments. These agreements will essentially make the heavy burden of debt much more manageable for businesses.Read more