Publications List

Preferred Rights and Creation of Share Classes in Startups

When a venture capital or private equity fund invests in a startup, it can negotiate preferred rights through the creation of classes of shares. This mechanism aligns interests and protects investments, optimizing returns and ensuring economic and governance privileges for the investor.

The CAE Agreement in Spain: Parties and Provisions

The minimum content of the CAE Agreement, designed for the procurement or transfer of energy savings by a delegated or obligated entity, is outlined in Order TED/815/2023, dated July 18th. This order partially elaborates on Royal Decree 36/2023, of January 24th, governing the system of Energy Saving Certificates in Spain.

The Phantom Shares: A Strategic Tool of Venture Capital Funds

Phantom Shares are innovative incentives that mimic stock ownership without transferring actual ownership, offering beneficiaries future payments linked to business success. Discover how Phantom Shares drive talent retention and growth in venture capital funds.