Consent To Use Cookies in SpainThis article highlights the essential aspects that information company service providers in Spain must observe to prevent the use of cookies on websites that may result in the violation of …Read more
New Debt Settlement Procedure for Entrepreneurs in SpainThe Entrepreneur Support Act (Law 14/2013), effective from September 27, has brought about reforms. Notably, it has increased flexibility in the quorum of financial creditors for court approval of refinancing agreements. Moreover, regulations now govern extrajudicial payment agreements as tools for negotiating with creditors outside the judicial process.Read more
Promotion of investments by venture capital funds in SpainSpain is addressing economic challenges with state investments to boost private investment. Rajoy’s economic growth and entrepreneurship support plan include a proposed law to encourage venture capital fund investments in the country.Read more
Attendance to Shareholders’ Meeting in Spain by electronic meansAccording to the Spanish Corporations Act, shareholders can attend meetings by electronic means. However, only public limited companies in Spain are currently able to use this method of attendance if the company’s bylaws authorize it. Attendance by electronic means must guarantee the identity of the individual who is attending the meeting electronically.Read more
Amendments to the Consumer Protection Act in SpainThe legal term for a consumer to withdraw from a contract extends to 14 calendar days (if the consumer did not receive the proper information, the term extends to 12 …Read more
Recovery of the Investment in the Real Estate in SpainFavourable conditions to invest in the real estate market in Spain are the strategy to promote foreign investment. The Spanish Government encourages foreign executives to reside in Spain, which has resulted in an increase of investments in non-residential property in Spain.In 2013, this increase in investments reached 2,000 million Euros.Read more
Objective dismissals in Spain will cost more to companiesThe passing of the new 22/2013 Act of December 23 of the State Budget for 2014 has negated Article 33.8 of the Spanish Workers’ Statute. Article 33.8 provided compensation by …Read more
The New Liquidities in Insolvency Proceedings in SpainHalf of the newly invested funds in refinancing lack insolvency privilege, requiring timely payment. This percentage temporarily rises to 100% for enhanced protection.Read more
Ways to incorporate companies in SpainThere are now two electronic methods for incorporating companies in Spain, depending on whether standard bylaws are utilized. Alternatively, companies can still be incorporated using traditional paper filing, either physically or electronically with the Registry. In summary, there are two contemporary ways to incorporate companies in Spain.Read more
The Gradually Established Limited Liability Company in SpainThe gradually established limited liability company is a new type of company with an aim to encourage foreign investment in Spain. Its legal structure is similar to the characteristics of the ordinary limited liability company except for some specific obligations aimed at the protection of third parties.Read more
