Iberian Lawyer Forty under 40 Lawyer of the Year Energy 2021
On the 23rd September took place the Iberian Lawyer’s 2021 Forty under 40 Awards that recognized Alberto Álvarez as the Lawyer of the Year Energy.
Archive for month: September, 2021
Setting-up a branch or a subsidiary in Spain
Opening a branch in Spain does not require a minimum share capital. Opening a subsidiary, on the contrary, requires a minimum share capital of €3.000 for Limited Liability Companies (LLC) or €60.000 for Public Limited Company (PLC).
Labour sanctions in Spain increase as of 1st October 2021
With the validation of the law on distance work, Spain has modified article 40 of the Law on infringements and sanctions in the social order. The new amounts will enter into force on 1 October 2021 and will have no retroactive effect.
What is the Cash Pooling?
Cash pooling is not formally regulated in Spanish law; this type of contract has particularities with the current account, commercial commission and loan contracts.
A digital disconnection policy is compulsory for companies in Spain
Article 18.2 of Law 10/2021 of 9 July on remote work establishes the obligation for companies to have an internal policy defining the modalities of exercising the right to disconnection and the training and awareness-raising actions for staff on the reasonable use of technological tools.