The new regulations for grid connection and feed-in permits in Spain aim to solve the existing problems and increase the investment in photovoltaic projects in Spain.
Archive for month: July, 2021
Article 21 of the Workers’ Statute (“ET”) regulates the post-contractual non-competition clause in Spain. One requirement for its validity establishes that an “adequate financial compensation is paid to the worker”.
The rights of minority shareholders in Spain include getting documentation and information, requesting a notary at the meeting to record the minutes, or withdrawing from the company, among others.
Although Royal Decree-Law 5/2021 exempts directors from the duty to file for insolvency proceedings, it does not exempt them from the responsibility to avoid the winding-up of the company.
Pre-bankruptcy mechanisms and labour, corporate or procedural measures can prevent and restrain the high number of insolvency filings expected following the insolvency moratorium in Spain.
In Spain, the trend towards digitalisation of company law was already a fact born with the amendment of the Capital Companies Act dated on 2011. The new mechanisms introduced because of Covid-19 have boosted them.