An escrow agreement is a contract between 3 parties: the buyer, the seller, and an impartial third party called the escrow agent. The escrow agent holds money or assets until certain terms of the agreement are met. Law firms can act as escrow agents, providing agility, security, trust and cost savings in business-to-business transactions.
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.
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Entries by Irene Terrazas
In Spain, the trading status is necessary to sell or resell energy on the market, a lucrative activity, although burdensome in practice for some market players. Collective self-consumption, and the approach of a specific contractual structure, stand out as alternatives to energy commercialisation.
The approval of temporary regulations by the EU and the Spanish Government to speed up the processing of EIS (environmental impact statements) provides an incentive to boost the development of renewable energy projects in Spain.
In Spain, CBD lacks specific regulation and is governed by international conventions and the oversight provided by the Spanish Agency for Medicines and Health Products (AEMPS).
Cannabidiol (CBD) is a chemical substance found in the Cannabis sativa plant, commonly known as cannabis or hemp. Its consumption has grown in popularity in recent years in several countries, including Spain. Cannabidiol stands out for its medicinal and therapeutic properties, which is why the Court of Justice of the European Union (CEJEU) has approved […]
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.
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.
- Key Issues and Clauses for Venture Capital Funds in Financing Rounds
- Becoming a Balancing Service Provider (BSP) in electricity trading in Spain
- Examining the Legality of Worker Assignments by Professional Employment Organisations (PEOs) in Spain
- Critical Considerations for Startups During Funding Rounds