How to change the registered office of a company in SpainBased on the amendments of the Capital Companies Act of May 2015, a board will have the power to change the registered office of a company within the Spanish territory, unless the company’s bylaws grant this power to the general shareholder’s meeting.Read more
Regulation of temporary work agencies (ETT) in SpainThe new regulation of temporary work agencies (ETT) in Spain establishes the application for authorization and registration of an agency simultaneously and by electronic means. It also develops the legal obligation to provide financial security as well as reporting obligations and the formal requirements of an employment contract.Read more
Calling a general meeting on behalf of minority shareholders in SpainArticle 168 of the Corporations Act in Spain establishes that minority shareholders of a company may request that the directors of the company to convene a general meeting. They may also request the accounting documents of the company for their consideration.Read more
Crowdfunding, a quick way to finance projects through internetAny citizen can participate in funding through the crowdfunding. Participatory Financing platforms must meet certain financial requirements as well as requirements concerning the exercise of their activity.Read more
Expiration and standing to dispute corporate resolutions in SpainFollowing the new reform of the Corporations Act, only shareholders may challenge corporate resolutions in Spain. In addition, the period to challenge a corporate resolution is fixed to one year.Read more
How to exclude the shareholder of a company in SpainThere are legal and statutory reasons for excluding a shareholder in Spain. Any shareholder who voted for an exclusion resolution is entitled to bring an exclusion action on behalf of the company.Read more
New Criminal Liability of Companies in SpainAccording to the new reform of the Spanish Penal Code, a company’s criminal responsibility depends on its compliance with the duty of supervision and control established by the legislation, in which case it may be exonerated of the crime.Read more
Challenges to corporate resolutions in the spanish companyChallenging corporate resolutions, generally by minorities against majorities, occur more and more often before courts. The amendments to the law of corporations in Spain will minimize these conflicts.Read more
Consequences and repercussions of criminal liability of companies in SpainApart from a fine that a court may impose on a company found criminally liable in Spain, there are other consequences, just as harmful, that may affect the company.Read more
Grounds for exempting companies from criminal liability in SpainA company will be exempted from criminal liability for crimes committed on its behalf if it has implemented a crimes prevention plan and if it has fulfilled the requirements of control and surveillance demanded after the Spanish Penal Code reform.Read more