New Criminal Offense Risk Prevention Plans for Companies in SpainThe reform of the Spanish Penal Code incorporates the duty that companies in Spain must establish criminal offense risk prevention plans. If a company fails to implement a risk prevention plan, it will not be exonerated of any criminal charges or have them reduced.Read more
The importance of due diligence in business transfer operationsPrior to a transfer of a business in Spain, one should carry out a due diligence in order to analyse the economic, financial and legal aspects of the business to be acquired. The process will help set an objective price for the transfer of the company and help avoid any risk of defects related to the company sold.Read more
Inheritance tax Returns to non-residents in Spain due to discriminationIn its judgment on 3 September 2014, the European Court of Justice (ECJ) declared that Spain had infringed Community law by permitting differences in its tax treatment of the inheritance and gift tax between residents and non-residents in Spain and requires the return of wrongfully collected revenue.Read more
Applicable Law to mobile applications in SpainThe possibility of spying on mobile devices has demonstrated the need for Spanish companies to search for legal means of protecting themselves against possible complaints by clients concerning potential loss or theft of information. The different types of mobile applications – online or offline, invasive or non-invasive – determine the rules that are to be followed.Read more
Salary incentives and Bonuses in SpainBonus payments by employers as a salary supplement must fulfil the legal requirements set by law. Spanish regulation provides a high level of protection for workers’ interests in this respect.Read more
Regulation and prevention of money laundering in SpainWith the new law on the prevention of money laundering and the creation of the Association of Experts in the Prevention of Money Laundering, many professionals, such as lawyers, are obligated to report any susceptible activity that could be related to money laundering.Read more
Data Protection and the Risk Information Centre in SpainKnowing of the existence and operations of the Risk Information Centre of the Central Bank of Spain (CIRBE) is essential in understanding our rights and obligations related to certain financial information and in order to differentiate between patrimonial and credit solvency, commonly referred to as “defaulter files”, which are regulated by Art.Read more
Remuneration of Managing Partners after the Tax Reform in SpainThe remuneration of managing partners has undergone some changes after the tax reform in Spain. Now, if the remuneration is not in the statutes of the company, they will not be deductible.Read more
Relationship of the contested agreements in the Spanish firmWith the change in the Capital Companies Act in Spain will allow the challenged to essentially three types of agreements: agreements contrary to law, agreements that conflict with the statutes of the company and agreements that hurt the interests of the company while benefiting the interests of the personal staff.Read more
Legal regulations on business hours in SpainRoyal Decree Law 8/2014 of 4 July, replaces Law 1/2014, referring to business hours in Spain, as well as to the criteria by which a city qualifies for major tourist destination status.Read more
