The EPC and EPCM contracts

The EPC contract versus the EPCM contract

Determining the ideal contract for an EPC (Engineering, Procurement, and Construction) project has a direct effect on the risks and costs of the project and can condition the efficiency of the execution of the work.

new business models energy sector

Promotion of new business models in the energy sector in Spain

The Royal Decree-law 23/2020 regulates new business models for participating in the electricity system in Spain so far not sufficiently ruled: storage, hybridization, aggregation, and renewable energy communities.

pre-insolvency proceedings

Objectives and advantages of pre-insolvency proceedings in Spain

The crisis may drive companies into insolvency. In these cases, the management body must adopt the fairest solution for all creditors, with the purpose to resolve the critical situation of the company. Pre-insolvency may be an alternative.

e-money institutions

What is an E-Money Institution?

Electronic money institutions are companies authorized by The Bank of Spain. Their main activity is to transform customers’ money into electronic money on a commercial basis.

energy reform Spain

Promotion of the energy reform in Spain: the Royal Decree-law 23/2020

Royal Decree-Law 23/2020 approves energy measures for economic recovery after the COVID-19 crisis and represents a boost for renewable energies (RES-E) and the energy transition in Spain.

F: temporary layoff procedures Spain

Temporary Layoff Procedure (ERTE) in Spain: Royal Decree-law 30/2020

The Royal Decree-law 30/2020 on social measures in defense of employment addresses extensions for force majeure Temporary Redundancy Plans, as well as Temporary Redundancy Plans due to economic, technical, organizational, or production reasons linked to COVID-19. It also introduces Temporary Redundancy Plans for impeded or limited activities.

Can the company invoice in foreign languages or currencies?

Can the company issue or receive invoices in foreign languages or currencies?

The tax regulation in Spain (Royal Decree 1619/2012) establishes the language and currency to invoice. The language of invoices The company can issue and receive invoices in any of the official languages spoken in Spain (Spanish, Catalan, Galician, or Basque), as well as in foreign languages. Only if the company is subject to control can […]

Preliminary steps to build a solar plant

What are the steps to follow to build a solar plant in Spain

Solar plants in Spain require many legal requisites, including securing the land rights where they will be located, requesting access points and connection to the electricity grid and depositing guarantees.

law remote working

The Spanish government approves the regulation for remote working

The health crisis by COVID-19 has exponentially increased the number of people working remotely, in particular, those teleworking in Spain. The lack of a specific regulation, however, caused legal uncertainty for both the company and the workers. Hence, the Spanish Government has decided to regulate this type of work.

Is Company Directors’ Remuneration Tax deductible in Spain?

The remuneration of directors of a Spanish company is deductible from the corporate income tax. However, the company’s bylaws must expressly contemplate the remunerated character of the post, and the remuneration scheme used to pay the director must be determined with certainty.