The Law of Capital Companies in Spain establishes that administrators are responsible for depositing the annual accounts. Failing to do this may result in the imposition of sanctions on the company and the closing of its registry, which would prevent registration of the company’s acts and documents.
The figure of the construction developer was not defined uniformly in Spanish legislation until the entry into force of the LOE. Article 9 establishes that a construction developer is understood as a promoter and what his obligations are, while Article 17 determines his civil liability regime.
Articles 41 and 51 of the Labour Law in Spain establish the procedure to be followed in the negotiating of the conditions of an employee’s work contract, as well as in the case of its expiry, when said contract affects all workers.
Law 1/2019 of 20 February refers to business and trade secrets and establishes a clear and unequivocal definition of the unlawful actions and exclusions it contemplates. This law transposes Directive (EU) 2016/943 of 8 June 2016 into Spanish law.
The procurador profession is specific to Spain and remains essential for the development and simplification of the judicial procedures in the country. Despite this character has been continuously questioned, their role is fundamental to facilitates the communication between the clients and the court.
The modification of Article 34 of the Workers’ Statute through Royal Decree-Law 8/2019 introduces new regulations for companies to comply with. Maintenance of the daily record of working hours (start and end times) is one of the new measures.
Among the advantages of converting from an autonomous worker to a limited company includes professional commercial image, limited liability, easy access to banking finances and lower taxes when the benefits are high.
Public contracting in Spain is a complicated process that includes numerous types of contracts and bidding procedures; specialized advice is essential.
This article addresses the concept of the so-called ‘stock options’ -or action plans for employees in its Spanish translation- as it represents an additional compensation that has spread very quickly in Spain.
The Piggyback agreement is a form of business collaboration agreement where a company willing to move into a new market uses another company’s distribution network in exchange for a commission.