Spain applies new sanctions for failure to deposit annual accountsSpanish capital companies must submit their annual accounts to the General Meeting for approval and file them before the Commercial Registry. The entry into force of RD 2/2021 on 1/2/2021 opens the door to apply the sanction regime for failure to do so in due time.Read more
The 50 measures of Spain’s Entrepreneurial StrategySpain’s Entrepreneurial Nation 50 measures put the focus on the startups, and,pursue four goals: to accelerate the maturity of investment in Spain; to attract, retain and develop talent; to step up the scalability of Spanish companies; and to turn the public administration into an entrepreneurial sector that generates favourable regulatory.Read more
What is a Cash Pooling Agreement?The Cash Pooling agreement facilitates the financial operations of companies, especially when operating in different countries. It allows a daily set of automatic inter-company loans to optimize the group’s global position, obtaining a single balance for each bank with which it operates.Read more
The Equal Pay Law in SpainRoyal Decree 902/2020 on equal pay incorporates, among others, the obligation for companies to establish a pay register disaggregated by sex and by professional category.Read more
Particularities of the European order for payment procedure in SpainThe European order for payment procedure is a creditor-friendly procedure increasingly used for cross-border debt collection within the European Union. However, its successful implementation in Spain is sometimes more complicated than expected. Find out the best practices for conducting a European order for payment procedure in Spain!Read more
The enforcement of financial guarantees in photovoltaic projects: The Royal Decree-law 23/2020Royal Decree-law 23/2020 approves a new framework that identifies a series of steps to develop energy projects in Spain. It highlights a higher degree of compliance and certainty for the energy market but implies a higher level of risk for developers and investors.Read more
Arbitration in Spain in times of COVIDDuring the COVID-19 pandemic, arbitration stands out as an advantageous alternative to settle legal disputes between companies. The ordinary jurisdiction has suffered a slowdown in its processes and does not provide the fast and effective response demanded by current market operators.Read more
Equality plans in companies come into force in SpainRoyal Decree 901/2020 of 13 October regulates equality plans and their registration in Spain, and amends Royal Decree 713/2010, of 28 May, on registration and filing of contracts and collective bargaining agreements. This measure aims to reduce the wage disparity in Spain and achieve equality between men and women in the workplace.Read more
Pros and cons of the arbitration clause in business contractsThe arbitration clause in commercial contracts allows the parties to submit the resolution of any disputes to the decision of an arbitration court. Its pros and cons need an assessment on a case-by-case basis.Read more
Relevant labour milestones in Spain for 2021While in 2021 gender equality plans and salary registers become compulsory for companies, the temporary layoff procedures (ERTEs) are extended until the end of May.Read more
