The Cash Pooling agreement facilitates the financial operations of companies, especially when operating in different countries. It allows a daily set of automatic inter-company loans to optimize the group’s global position, obtaining a single balance for each bank with which it operates.
Royal Decree 902/2020 on equal pay incorporates, among others, the obligation for companies to establish a pay register disaggregated by sex and by professional category.
The European order for payment procedure is a creditor-friendly procedure increasingly used for cross-border debt collection within the European Union. However, its successful implementation in Spain is sometimes more complicated than expected. Find out the best practices for conducting a European order for payment procedure in Spain!
Royal Decree-law 23/2020 approves a new framework that identifies a series of steps to develop energy projects in Spain. It highlights a higher degree of compliance and certainty for the energy market but implies a higher level of risk for developers and investors.
During the COVID-19 pandemic, arbitration stands out as an advantageous alternative to settle legal disputes between companies. The ordinary jurisdiction has suffered a slowdown in its processes and does not provide the fast and effective response demanded by current market operators.
Royal Decree 901/2020 of 13 October regulates equality plans and their registration in Spain, and amends Royal Decree 713/2010, of 28 May, on registration and filing of contracts and collective bargaining agreements. This measure aims to reduce the wage disparity in Spain and achieve equality between men and women in the workplace.
The arbitration clause in commercial contracts allows the parties to submit the resolution of any disputes to the decision of an arbitration court. Its pros and cons need an assessment on a case-by-case basis.
While in 2021 gender equality plans and salary registers become compulsory for companies, the temporary layoff procedures (ERTEs) are extended until the end of May.
Royal Decree Law 34/2020, published on 18 November 2020, establishes an extension of the insolvency moratorium (previously established until 31 December 2020) until 14 March 2021.
Royal Decree-law 02/2021 addresses extensions for force majeure temporary layoffs, temporary layoffs due to economic, technical, organizational, or production reasons linked to COVID-19, and temporary layoffs for impeded or limited activities.
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