Industrial property in Spain
Industrial property is set to be one of the most important assets to a company. It is therefore vital before entering into a new market, to ensure its proper protection. …
New Types of VAT in Spain
By Royal Decree-Law 20/2012, of the 13th of July, on measures to guarantee fiscal stability and to promote competitiveness, the rates for the Value Added Tax (VAT) were amended in …
Elimination of licenses for store openings for businesses in Spain
In the Boletin Oficial del Estado (the BOE, or Official Reporter for the State) published on May 26 the Royal Decree-Law 19/2012, of May 25, on urgent measures to liberalize …
Requirements of the Agency Agreement in Spain
As defined in Article 1 of the Law of Agency Agreements (from now on LAA), these types of agreements are for which a natural person or legal entity is obligated …
Mediation Law for Civil and Commercial Issues in Spain
Mediation is a voluntary way to resolve disputes between two parties with the help of a third party, qualified to be impartial and neutral to guide these parties in achieving …
Inheritance rights of foreigners in Spain
Foreigners who intend to inherit assets in Spain should know that succession laws tend to be different from country to country. Primarily, one needs to take into account that in …
The shareholder’s right to withdrawal in Spain for non distribution of dividends
Article 93 a) of the Spanish Companies Law (LSC in Spanish) expressly recognizes the shareholders’ entitlement to participate in company profit-sharing. Nevertheless, it is not an automatic entitlement, since, in principle, …
Key points of the labour reform in Spain
Despite various labor reforms in our country, the anticipated positive outcomes have not materialized. Unemployment figures for 2012 remain below expectations, and escalating financial pressures in the Eurozone and Spanish debt heighten uncertainty. The effectiveness of the new law remains to be seen, as we await its impact on meeting expectations.
Reform of the Arbitration Reform Act in Spain
The reform outlined in Law 11/2011, dated May 20, 2011, does not bring about drastic changes to the existing arbitration system. Nevertheless, it introduces significant advancements with the ultimate aim of fortifying and encouraging arbitration in Spain, seeking to establish the country as an appealing destination for international arbitration cases.
Long-Awaited Amendment to Insolvency Legislation in Spain: Is it Sufficient?
The Law introduces positive changes to financing agreements and restructuring but fails to address critical issues. Inadequate resources for the Justice system and the absence of solutions for individual debt problems persist. Additionally, the underutilization of the restructuring procedure contributes to low satisfaction among ordinary creditors.
