The draft of the new Spanish Commercial Code includes the regulation of subjects, which until now lacked applicable law, as is the case with the Law of Competition and Industrial Property.
The changes relevant to the Law of Competition and Industrial Property include the following:
- Definite rules of business activity in the market, which the Law of Defence of Competition, of July 3, 2007, coordinates, as well as rules of behaviour directed at business owners and professionals.
- In this way, the rules are proposed for shares and for some aspects of Spanish civil procedure that today are featured in the Law of Unfair Competition of January 10, 1991.
- Rules of industrial property as an essential instrument for the functioning of the economy of the market based on the principle of free competition.
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