Business Law

Update regarding the Entrepreneurs’ Law in Spain

Despite initial reports, there is no confirmation or updates on the approval of the Entrepreneur’s Law by the Spanish Government last week, which aims to grant residence permits to non-EU citizens investing in Spanish property.

New Default Interest Rate in Spain

The Law 3/2004 of December 29 established measures to combat late payment in commercial transactions. Specifically, Article 7.2 clarified the default interest rate. Until February 23, 2013, the Article dictated: …

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