Simplification of Structural Modifications in Spain
Royal Decree-Law 5/2023 introduces significant changes to modernize and simplify the processes of structural modifications in Spain—a key evolution toward business efficiency and competitiveness.
Letters of Intent in Venture Capital: Key Tools for Efficient Investments
In investing in a startup, venture capital firms issue letters of intent to define the basic structure of the proposed investment. This document, which addresses the most relevant aspects of the transaction, serves as the starting point for negotiations between the parties involved in executing the financing.
Preferred Rights and Creation of Share Classes in Startups
When a venture capital or private equity fund invests in a startup, it can negotiate preferred rights through the creation of classes of shares. This mechanism aligns interests and protects investments, optimizing returns and ensuring economic and governance privileges for the investor.
Spain drives Digitalization: Legal Innovations in the Notarial, Registration, and Corporate areas
The Law 11/2023 introduces the establishment of limited liability companies through monetary contributions in a fully online process, thus streamlining commercial registration procedures in Spain.
Key Clauses in Investment Rounds
In an investment round of a startup, the shareholders usually sign an investment and/or a shareholders’ agreement to establish the guidelines for their arising relationship. Although the specifics may differ based on each company and its shareholders, these agreements usually contain some key clauses. In this article, Carla Rissmann provides an explanation of the content and purpose of these clauses.
New Spanish law on Structural Modifications of Commercial Companies
Royal Decree-Law 5/2023 includes new regulations regardomg Law 3/2009 and introduces standard provisions applicable to all structural modifications of commercial companies, and specific adaptations for each type of operation.
