Fintech is on the rise and competing with financial institutions. Fintech firms offer consumers benefits such as more and easier options for funding. However, there is a catch. While offering benefits to consumers who would be unable to receive such benefits via traditional financial institutions, these fintech services also create risks for consumers.
The Spanish Constitutional Tribunal concludes that the quantity of the judicial court fees (both the fixed and the variable fees) are disproportionate for companies and could dissuade them when it comes to lodging a complaint with Judicial Tribunals.
Penalty clauses in commercial contracts are extra obligations provided in the commercial contract. Their increasing use aims to ensure compliance with the primary obligation in that incompliance allows for reimbursement.
The regulations on labour and employment in Spain require that all companies keep a daily record of the working hours and the overtime completed by workers. The detection of breaches in compliance with the regulations can result in economic fines for companies.
Law is easy is what student magazine ZEIT Campus entitles its interview with Thomas Fischer, the presiding judge of the Federal Court of Justice. The article quotes the judge as …
Companies in Spain that employ workers under the age of 30 years old may apply for a reduction of the company’s contribution to social security. This allowance will be from 75% to 100% depending on the number of workers and will be applicable for a period of one year, which may be extended for another year.
Useful information for entrepreneurs interested in the cross-border transfer of a company’s registered office, focusing on the practical aspects of cross-border transfers rather than on the technical details of the transfer itself.
The new law regarding the taxation of photovoltaic systems in Spain requires that households operating this technology pay grid fees in addition to a ´sun tax´. Furthermore, it regulates the selling of electricity from private households. The fines for not complying with the restrictions can reach a height of €60 million. However, installations smaller than 10kW and specific locations are exempt from this law.
By November 2016, large companies that, for at least two consecutive years, fulfil specific conditions (those that employ at least 250 people, and those that, without meeting the previous requirement, have a turnover of more than 50 million euros and a general balance exceeding 43 million euros) must undergo their first energy audit.
Spain is a world leading contributor in wind power technology, consequently building a great presence in the world as well as contributing 17% of the country’s electricity needs.
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