Flight restrictions of drones in SpainThe new law regarding the use of drones in Spain regulates commercial, non-commercial and recreational use of drones. This regulation includes aerial works which can be performed with drones, as well as the restrictions that every user of drones must take into account when handling such devices. The fines for not complying with the restrictions can reach a height of €225.000.Read more
Alberto Álvarez Marín, new partner of Mariscal AbogadosIn January 2017, Mr Alberto Álvarez has been appointed as a partner of the international law firm Mariscal Abogados. He holds a Bachelor’s degree in Law from the San Pablo …Read more
Regulatory regime applicable to consumer loans in SpainConsumer loans in Spain are monitored by government regulatory agencies for their compliance with consumer protection regulation. The Bank of Spain (together with the Spanish National Securities Exchange Commission) is the government body that exercises general supervisory powers over domestic credit institutions.Read more
Dismissal costs for a company in SpainThe reasons that can justify a disciplinary dismissal in Spain must be based on serious breach and negligence of the employee, for instance repeated and unjustified absence of attendance or punctuality at work, indiscipline or disobedience at work, the continuous and voluntary decline in the normal work performance or verbal or physical offenses.Read more
The Code of good governance of listed companies in SpainAmong the objectives of the Code of Good Governance are: to manage the maximum levels of competitiveness of Spanish companies, to generate trust and transparency for national and foreign shareholders and investors, to enhance the internal control and corporate responsibility of companies and to assure the adequate distribution of functions, tasks and responsibility within companies.Read more
Biotechnology’s eleven coloursThe Convention on Biological Diversity of 1992 defines biotechnologie,whose fields of application follw the colours of the rainbow and encompasses the agricultural, industrial and environmental sectors among others.Read more
Fintech and Consumer protectionFintech is on the rise and competing with financial institutions. Fintech firms offer consumers benefits such as more and easier options for funding. However, there is a catch. While offering benefits to consumers who would be unable to receive such benefits via traditional financial institutions, these fintech services also create risks for consumers.Read more
The elimination of judicial court fees for companiesThe Spanish Constitutional Tribunal concludes that the quantity of the judicial court fees (both the fixed and the variable fees) are disproportionate for companies and could dissuade them when it comes to lodging a complaint with Judicial Tribunals.Read more
The nature of penalty clauses in contractsPenalty clauses in commercial contracts are extra obligations provided in the commercial contract. Their increasing use aims to ensure compliance with the primary obligation in that incompliance allows for reimbursement.Read more
