Enforceable contractual guarantees: the bank guarantee payable on first demandAmong enforceable personal contractual guarantees, the bank guarantee payable on first demand stands out. With this type of guarantee, a banking institution commits to respond to the fulfilment of an obligation, automatically and immediately, and without the ability to demand clear evidence of noncompliance.Read more
Marta Sadowska, September 2017 – January 2018I took part at Mariscal Abogados’s internship program from September to January 2018. I currently study International and European Business Law at ICADE in Madrid and I wanted to improve …Read more
Debt prevention measures in SpainA debtor’s default or delay is established if the debtor cannot satisfy his obligation to pay after receiving an overdue notice. At the time of contraction, companies in Spain can take preventive steps to deter defaults from the outset and to improve their legal position in a legal dispute.Read more
Business purchase agreements: the asset vs the share purchase agreementA correct evaluation of both a possible purchase of the assets of a company (asset purchase agreement) or a direct acquisition of stocks and shares (share purchase agreement) will determine the best option to enter the Spanish market.Read more