Key Issues and Clauses for Venture Capital Funds in Financing RoundsVenture capital funds provide companies with the necessary liquidity for their growth and development, typically through a process known as a funding round. In these processes, it is essential to assess the key issues and contractual clauses that these entities must consider to ensure the success of their investments.Read more
Strategic Financing for Startups: The Funding RoundsFunding rounds represent third-party financing operations for startups, typically executed through capital increases. This mechanism enables companies to secure additional liquidity to develop their business in return for granting equity to their partners.Read more
The Joint Account AgreementThe joint account agreement (contrato de cuentas en participación), governed by the Spanish Commercial Code, provides investors with the opportunity to engage in collaborative economic activities with clear transparency regarding the assumed risks, all without the need for formal participation in the manager’s share capital.Read more
How do stock options work in a Startup?Startup Law in Spain, in force since the end of 2022, is reshaping corporate governance with a groundbreaking change: the possibility of acquiring treasury shares to reward employees through stock option plans.Read more
The updating or recasting of articles of associationThe articles of association of limited liability companies are the rules governing its functioning and structure. When, over the years, the wording of these internal rules becomes obsolete, it is necessary to update or recast the articles of association.Read more
The Create and Grow Law speeds up company formations in SpainThe Create and Grow Law is a boost for small and medium-sized companies (SMEs) in Spain, designed to remove obstacles to economic activities, reduce late payment practices in business transactions, and provide financial support for business growth.Read more
The Role of the Managing Director SpainThe Board of Directors may appoint from its members a managing director and delegate to him all powers permitted by law. The following article describes the appointment procedure and details his or her powers according to Spanish law.Read more
Spain applies new sanctions for failure to deposit annual accountsSpanish capital companies must submit their annual accounts to the General Meeting for approval and file them before the Commercial Registry. The entry into force of RD 2/2021 on 1/2/2021 opens the door to apply the sanction regime for failure to do so in due time.Read more
What is a Cash Pooling Agreement?The Cash Pooling agreement facilitates the financial operations of companies, especially when operating in different countries. It allows a daily set of automatic inter-company loans to optimize the group’s global position, obtaining a single balance for each bank with which it operates.Read more
Liability for transfer of undertaking in insolvency proceedingsWe analyze the numerous judgements of the High Court regarding the existence or not of transfer of undertaking when a company acquires a productive unit of another company in the liquidation phase of the insolvency proceedings.Read more