Listing Obligations for Spanish REIT (SOCIMI)The requirements for admission to trading and maintenance of a Spanish REIT (SOCIMI) in the MAB (Alternative Stock Exchange Market) establishes, amongst others, the obligation of a SOCIMI to sign a contract with a liquidity provider, in order to boost liquidity and reduce price variations not resulting from actual market trends.Read more
The new Spanish Law of Labour CompaniesWhen the new Law of Labour Companies in Spain came into effect, it established a new legal framework for corporate entities by introducing important changes and improvements to better the way business is done and supplement already existing company types.Read more
Dispute Resolution in Advertising Law in SpainThere are several laws related to alternative dispute resolution of advertisement disagreements in Spain. Many measures have been set up so that the claimant/victim in an advertisement law dispute can get the compensation he/she deserves. However, this does not include damages, but mainly measures such as correcting the advertisement that caused the dispute or prohibitions of specific advertisements.Read more
Definition and Legal Requirements of a Spanish REIT (SOCIMI)SOCIMIs (Sociedades Anónimas Cotizadas de Inversión Inmobiliaria) or REIT (Real Estate Investment Trust) are public listed companies whose main activity is the investment in urban assets. The minimum share capital for a SOCIMI in Spain is 5 million euros.Read more
Is investing in SOCIMIs (REIT) profitable?SOCIMIs (Sociedades Anónimas Cotizadas de Inversión Inmobiliaria or Real Estate Investment Trust) are public limited companies whose main activity is the acquisition, promotion, and rehabilitation of real estate for lease. The evolution of this type of investment over the last year has become key in the real estate sector given its stable profitability and liquidity.Read more
Spain combats Money LaunderingThe fight against money laundering focuses on eliminating the laundering of funds or assets obtained through illegal activities. Not only are credit institutions and investment service companies obliged to comply with national and international legislation, but so are notaries, lawyers, and prosecutors.Read more
Special Tax Regime of Real Estate Investment Trust (REIT) in SpainReal Estate Investment Trust (REIT) in Spain, known as SOCIMI (sociedades anónimas cotizadas de inversión inmobiliaria), can benefit from the special tax regime, which consists of a 0% Corporate Income tax rate and a 95% reduction in the Property Transfer Tax, among other benefits.Read more
Financial Technology, an exciting upcoming industryFinTech is becoming one of the most influential sectors within the economy. It has simplified mundane and extensive tasks in many industries through technological innovation within the financial sector. Law firms are starting to benefit from FinTech through different tools, which could possibly lead to law firms becoming smaller entities as more work is left to computers.Read more
Creating Franchises in Spain: What the franchisor must considerThe franchisor must consider the fundamental aspects of the business and what he wants to transmit to the franchisee in order for its project to function. In addition, the franchisor must have previously developed and have good knowledge of both the business model and the corporate image.Read more
Nullity of the contract of purchase of Bankia sharesIn 2011, the entity Bankia made a public offering of shares (IPO), where the detail brochure, the only informative channel for small investors, distorted the veracity of the entity’s accounts. Five years later, the Supreme Court ratified the nullity of the purchase of shares.Read more
