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.
Is the sale of CBD legal in Spain?
CBD, a chemical in the Cannabis sativa plant, has gained popularity in Spain and other countries due to its medicinal properties. The Court of Justice of the European Union has approved its sale. Despite limited regulation in Spain, there are adequate control mechanisms for CBD sales.
Dismissal for temporary disability under Law 15/2022 in Spain
The novelties introduced by the new Law 15/2022 aim to prevent and eradicate discrimination in all areas of society when workers are on temporary disability leave.
How the Spanish insolvency reform impacts the company directors’ obligation to convene a general meeting
The Spanish insolvency reform reduces the liability of company directors for the obligation to convene the general meeting on the grounds of dissolution. The court’s knowledge of negotiations with creditors limits the directors’ liability for corporate debts.
Can an owner challenge the agreements of the condominium owners’ association?
An owner who considers that a decision of the Board of Owners of the condominium owners’ association to which he belongs is detrimental to his interests or entails a severe detriment that he has no obligation to bear may challenge it through the courts.
Legal actions available to condominium owners association: The order for payment procedure
The Spanish Horizontal Property Law provides condominium owners association (COA) with two specific legal actions against defaulting co-owners or nuisance occupants. One of them is the order for payment procedure.
The Create and Grow Law speeds up company formations in Spain
The Create and Grow Law is a boost for small and medium-sized companies (SMEs) in Spain, designed to remove obstacles to economic activities, reduce late payment practices in business transactions, and provide financial support for business growth.
Legal actions available to condominium owners associations: The action for cessation
The Spanish Horizontal Property Law provides for two specific actions for the condominium owners association in the event of nuisance or delinquent co-owners or occupants. One of them is the action for cessation.
