NCMC’s Circular 1/2021, dated 20 January, develops a regulatory framework whose primary purpose is to facilitate grid access to electricity producers, including energy storage facilities. It removes obstacles that could prevent access to new market operators and electricity from renewable energy sources.
Author Archive for: Irene Terrazas
About Irene Terrazas
A licensed attorney with a Law degree and a double Master's degree, Irene Terrazas specialises in public procurement, business law and company law. Working languages: Spanish, English and French. For any query Contact Irene Terrazas
Entries by Irene Terrazas
Royal 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.
Solar plants in Spain require many legal requisites, including securing the land rights where they will be located, requesting access points and connection to the electricity grid and depositing guarantees.
Photovoltaic projects in Spain require a pre-construction phase. Phase I consists of the provision of “development services” based on obtaining the necessary permits, licenses and authorisations to initiate the execution of the plant.
Cannabis Social Clubs are registered as non-profit associations and lack specific regulation in Spanish legislation. Their legal vacuum has been replaced by recent jurisprudence by the Supreme Court.
Public contracting in Spain is a complicated process that includes numerous types of contracts and bidding procedures; specialized advice is essential.
The Law on Agency Contracts in Spain does not expressly regulates the pact or exclusivity clause between businessmen and agents. It is therefore of vital importance that the parties negotiate this clause adequately to avoid future problems.
The Share Purchase Agreement (SPA) is one of the most used contracts in Spain for the purposes of acquiring a mercantile company. Its basic content should include some clauses or contractual promises about the company (warranties) which will bind both parties for the transaction’s success.
The contract of the sale of shares or Share Purchase Agreement, is one of the most useful contracts in the practice of acquiring mercantile companies. It consists of four main phases: the contract of confidentiality, the letter of intent, the due diligence procedure and the signing of the contract of the sale of shares.