Types of deposits in Spain for purchase agreementsThe Spanish legal system distinguishes between the two types of legal deposits (“arras”): penitential deposit, defined under the Spanish Civil Code, and confirmatory and criminal deposits, defined under the Spanish Commercial Code. The purpose of the deposits is to guarantee undertaken obligations. To avoid misinterpretations, the type of the deposit and the consequences of a breach of contract should be strictly defined.Read more
Spanish shareholders will decide on the corporations’ remuneration policyThe Spanish Companies Act faces amendment on issues relating to the Annual General Meeting (AGM), directors, and the payment of counsellors. Among other amendments, the Shareholders’ Meeting shall approve the …Read more
Progress of the legal framework on a future European PatentProblems associated with obtaining a European patent have led to the series of agreements reached by the EU Justice Ministers. The meeting proposed specialised jurisdiction for patents with an aim to make the procedure faster and reduce its costs. Such progress in legislation would grant patent protection in all European Union Member States.Read more
Must Land Titles Be Included in the Registry of Business Owners?This short article discusses land titles in the context of the provisions of Article 104 of the Law on Corporations, specifically the text, The private limited company shall maintain company …Read more
The Law to Support the Entrepreneur and Internationalization grants residence to foreign investorsThis article was published in the ABA Journal, Section Immigration & Naturalization, click here to see the pdf On September 19, 2013, the Spanish Government finally approved the Law to Support …Read more
Business Project in Spain: Conditions for Obtaining Residence PermitsThe Law to Support Entrepreneurs and Internationalization in Spain establishes various opportunities that may entitle investors and entrepreneurs from non-EU countries to obtain a visa or a residence permit. The …Read more
Introduction of the Law to Support Entrepreneurs in SpainThe Spanish Congress of Deputies (Government) approved the Law to Support Entrepreneurs and Internationalization on September 19, 2013, which became effective shortly after its publication in the BOE (Official Spanish …Read more
Law 4/2013 against delinquency in business transactions in SpainRoyal Decree Law 4/2013 adopts measures against delinquency in business transactions in Spain. The article enumerates some of the modifications of the new Law.Read more
Entrepreneur’s Law: General requirements to reside in SpainThe article discusses the general requirements for a foreign national to receive a residence permit in Spain. There are a couple of positive and negative prerequisites that must be met which are listed in detail in the article.Read more
Spain Will soon Approve the Law to Support EntrepreneursThe Draft on the Law to Support Entrepreneurs will be adopted on September 11, 2013 in the plenary session.Read more
