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Unapproved Refinancing Agreements in Spain

A new regime is being introduced in order to give some unapproved refinancing agreements judicial validity. The new regime will enter into force before the effective date of the Real Decree Law; however, the previous regime will still apply unless the parties choose otherwise. 

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The Dissolution of a Company in Spain due to Losses

The dissolution of a company in Spain as a result of losses, in particular in times of an economic crisis, requires certain procedures to be followed. The Corporate Enterprises Act (LSC) highlights different methods of dissolving a company depending on what type of company it is.

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terms-and-conditions

Features and benefits of part-time contracts in Spain

An employment contract is a part-time contract where there exists an agreement to provide services during a certain number of hours a day, week, month, or year minus the number of working hours of a comparable worker employed full-time. Part-time contracts are attractive alternatives to reduce labour costs for employers.

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International Taxation and Customs Control in Spain

Regarding International taxation and customs control in Spain, certain concepts have been highlighted such as the abusive use of internal and international regulations, the control actions, the transfer prices as well as other control measures.

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Validated Refinancing Agreements in Spain

The mechanism for legal ratifcation of the refinancing agreement was reviewed under the Real Decree-Law. One of its amendments included extending the effects to non-participating creditors (without collateral) and clarifying its scope via vis-à-vis creditors (with collateral). This mechanism is making the conversion of credits into equity loans much more efficient in Spain.

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Price Regulation in the Electronic Commerce in Spain

Spain represents a suitable place to establish e-commerce activity due to its special VAT rates and its regulation concerning electronic commerce, which both the General Law in Defense of Consumers and Users and the Law of Services of the Information Society support.

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Responsibility of Administrators in the Dissolution of Companies for Losses in Spain

The dissolution of any capital-based company in Spain which incur into losses has reduced the equity amount significantly. It would be beneficial for partners of the companies to either contribute to offset losses or to increase the capital of the company by contributing and receiving shares in the company. However, this implementation can face some challenges due to the varied type of losses.

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Taxation Aspects of the Insolvency Law in Spain

The Royal Decree-Law incorporates tax measures designed to enhance the legal pre-bankruptcy framework for refinancing agreements. These measures seek to facilitate consensus between debtors and creditors, maximizing asset value and minimizing or deferring liabilities to prevent insolvency.

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