Commercial contracts in Spain are governed by the Code of Commerce. Knowing its legislation is fundamental to carry out any operation in a secure way such as acquisitions and sales of companies, joint ventures, OPAs, OPVs, commercial sales as well as any kind of contract (representation, commercial distribution, national sale of merchandise, intra and extra EU, etc.).
Last Friday the 24th of May, the government introduced a bill for the proposed Entrepreneurs’ Law. When they Law is approved, the government will include special measures to help foreign investors obtain Spanish residency. It is still unknown when the proposal will go into effect. Also, some of the fine print is still unknown. In […]
The recent Mediation Law on Commercial and Civil Issues (Law 5/2012, 6th of July) needs regulatory development. To this end, lawmakers have drafted a Royal-Decree Project (Project) that develops the Law. This Project focuses on three aspects: training, registration, and the professional liability of mediators. The Ministry of Justice submitted a draft of the Project […]
Today, we anticipate that the Spanish Government will announce the draft bill of the Entrepeneurs Law, which will include, among other issues, some measures attract investors and entrepreneurs to Spain. The bill will allows non-EU residents to obtain a residence permit in Spain. The visa will probably be valid for five years and renewable after […]
Last week we heard updates about the new law aimed at attracting investors to Spain. (elEconomista, a Spanish News Journal) The law was originally proposed in November of 2011 and will grant residency permits to people who invest in Spanish business and create employment opportunities in Spain, or to those who purchase a home in […]
The new Law 4/2013 (February 22) provides measures of support for entrepreneurs to stimulate growth and jobs. The new law became effective on February 24, 2013. The following are measures of support that the new law provides: Incentives for: Taxation of entrepreneurial activity at a tax rate of 15% for the first € 300,000 of […]
Franchise is a term, now incorporated into our vocabulary, to designate a new form of business. This business type is based on the transfer of a foreign-business model of transferring rights from the Franchisor to the Franchisee including the rights to the brand of the business, its distinctive signs, business models, industry secrets and other […]
Under the Law 16/2011 of 24 June of consumer credit contracts, the Spanish Ministry of Economy and Competition incorporated into the Spanish legal system the Directive 2008/48/EC of the European Parliament and of the Council of April 23, 2008 on credit contracts for consumers. The Directive aims to increase consumer protection and ensure that consumers […]
After 30 years of discussion, there is finally good news for European Union (EU) inventors interested in obtaining a unitary patent. This new patent will be less expensive and more effective than current systems in protecting the inventions of individuals and firms. It will also provide automatic unitary patent protection in all 25 participating EU […]
This Reform of the land transport management in Spain aims to improve competition and business efficiency in the transportation sector and achieve optimization of road-passenger transport utilities. Within this article you will find a summary of the Reform. Owing this Reform, it will be possible to carry out all types of transportation-related activities with one […]
On December 12, 2012, the European Parliament and Council issued a new European Union (EU) Regulation, Number 1215/2012 on the jurisdiction and recognition and enforcement of judgments in civil and commercial matters. This new Regulation replaces the previous one (44/2001, of December 22) on these matters. The Regulation applies to legal proceedings occurring on and […]