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.).

Definition and Concept of Compliance

With the reform of the Spanish Penal Code, a company is liable for offenses committed by itself or by its employees acting on its behalf, if it cannot demonstrate that it has put in place the necessary means to prevent such criminal behaviour.

Business transfers in Spain and Germany

In case of a business transfer, in Spain as in Germany, employees must be informed about the date of the transfer, the reasons for it, the legal, economic and social consequences, as well as planned performance measures.

Investments by foreign citizens in Spain

Spain is a very attractive destination for foreign direct investment, not only foreign investments have helped develop high economic valued sectors as the automotive, biotechnology and agri-food industries, but also support the real estate sector, that is still very relevant.

Marketing high-risk products in Spain: new case-law?

Courts in Spain have given judgments against controversial high-risk financial products offered by numerous banks, obliging banks to pay back the investment of their clients.

Abogados en España

One Year after the Passing of Spain’s Law in Support of Foreign-National Entrepreneurs

Thanks to the approval of the Law 14/2013, foreign investors and entrepeneurs may apply for a residence permit in Spain. The residence permit would not only allow them to work and reside in Spain, but also to travel freely within the EU with respect to the Schengen Territory.

New Criminal Offense Risk Prevention Plans for Companies in Spain

The reform of the Spanish Penal Code incorporates the duty that companies in Spain must establish criminal offense risk prevention plans. If a company fails to implement a risk prevention plan, it will not be exonerated of any criminal charges or have them reduced.

Remuneration of Managing Partners after the Tax Reform in Spain

The remuneration of managing partners has undergone some changes after the tax reform in Spain. Now, if the remuneration is not in the statutes of the company, they will not be deductible.

Relationship of the contested agreements in the Spanish firm

With the change in the Capital Companies Act in Spain will allow the challenged to essentially three types of agreements: agreements contrary to law, agreements that conflict with the statutes of the company and agreements that hurt the interests of the company while benefiting the interests of the personal staff.

Legal regulations on business hours in Spain

Royal Decree Law 8/2014 of 4 July, replaces Law 1/2014, referring to business hours in Spain, as well as to the criteria by which a city qualifies for major tourist destination status.

International Trade

Measures for the promotion of domestic and foreign trade in Spain

The Spanish government has approved a series of measures that are included in Royal Decree Law 8/2014, of 4 July 2014, which aim to promote competitiveness and improve the employment rate in Spain.