Business succession in the sale and purchase of assets in Spain
Business succession in the framework of asset sales and purchases takes place when a company acquires the assets of another to continue its activities. In Spain, Article 44 of the Workers’ Statute outlines labour and social security obligations of employers and protection measures for workers involved in this process.
What is collective self-consumption?
Self-consumption is how a person or company supplies itself with electricity through its installation, instead of buying it from a supplier. Collective self-consumption is a modality in which several persons jointly use a photovoltaic installation to benefit from the energy generated without registering as marketers.
When is a corporate presence of a foreign company in Spain necessary?
If a foreign company’s main activity is in Spain, it must have a corporate presence in Spain, either through the creation of a subsidiary, branch, commercial office or the acquisition of an existing business. Each option has its own legal and tax requirements, and the choice will depend on the business needs and objectives.
Increase in compensation for unfair dismissal in Spain
The High Court of Catalonia has increased the compensation for unfair dismissal to 48 days’ salary per year of service, with a maximum of 36 monthly payments. This decision goes against the indemnification established by law.
How do stock options work in a Startup?
Startup Law in Spain, in force since the end of 2022, is reshaping corporate governance with a groundbreaking change: the possibility of acquiring treasury shares to reward employees through stock option plans.
Critical points of the remote working in Spain
The critical points of remote working refer to the compensation of expenses, digital disconnection, and the prevention of occupational risks. In the following article, we analyse the critical and most controversial elements of Law 10/2021, in force in Spain since October 1st 2021.
How do I register cosmetic products in Spain?
In Spain, the legislation to register certain cosmetic products requires prior health registration before the Spanish Agency for Medicines and Health Products (AEMPS).
Insolvency proceedings without assets, formerly express insolvency proceedings
Creditors with at least 5% of liabilities can request a judge to appoint an insolvency administrator for a report in case of insolvency without assets. Note that the requesting creditors will cover the administrator’s fees.
Essential content in a business purchase agreement
The drafting of the business agreement is a fundamental step in the sale of businesses because it contains the elements that will define the development of the transaction and its success. Are you aware of the clauses to include?
The updating or recasting of articles of association
The articles of association of limited liability companies are the rules governing its functioning and structure. When, over the years, the wording of these internal rules becomes obsolete, it is necessary to update or recast the articles of association.
