The horizontal property regime in Spain: condominium
The horizontal property regime, the equivalent of the condominium in English, is established per se by the partition of a building or a housing development among several owners. However, its constitution through a master deed and its regulation by statutes or internal rules allows considering the particular needs of each homeowners association.
The deposit contract in real estate transactions in Spain
A valid deposit contract for both parties must include, amongst other items: the conditions of sale (namely, price, means and conditions of payment, conditions of the property – physical, registry and administrative), and distribution of the expenses and financial obligations derived from the transaction.
New Startups Law in Spain
It was necessary to create a specific regulatory framework for startups in Spain. They represent the basis of the new digital economy, create highly qualified jobs and have growth potential.
Restructuring plans in Spain: Keys to the insolvency reform
The entry into force of the Law transposing Directive (EU) 2019/1023 introduces reforms in the insolvency field to provide agile and effective instruments to improve insolvency procedures and facilitate the maintenance of viable companies in Spain. Restructuring plans are one of the central elements.
End of the insolvency moratorium in Spain: consequences for debtors
The bankruptcy moratorium in Spain, in force since 14 March 2020 and already extended several times, ends on 30 June 2022.
End of the moratorium on insolvency proceedings in Spain: consequences for creditors
After the insolvency proceedings begin, creditors have a one-month limit to communicate their claims against the insolvent debtor.
Temporary suspension of the cause of dissolution for losses
With the end of the chaos of the world pandemic that disrupted the world’s economy, the Spanish government has declared suspensions of dissolution through Law Article 13 3/2020, 18th September. Our lawyer AGF explains it in the following article.
New bankruptcy moratorium in Spain until 30th June 2022
The Government of Spain has extended the bankruptcy moratorium for the third time until 30th June 2022. Insolvency debtors will not have a legal obligation to file for bankruptcy until the middle of next year.
The foreign creditor in bankruptcy proceedings in Spain (3): Termination of contracts
Regarding the termination of contracts with reciprocal obligations in the context of bankruptcy declaration, the Spanish regulations distinguish between contracts pending fulfilment by one of the parties or by both parties.
The foreign creditor in bankruptcy proceedings in Spain (2): The communication of credit
The deadline for the communication of credit by the foreign creditor is one month after the publication of the declaration of bankruptcy in the Spanish Official Gazette (BOE). Although it is not mandatory, the foreign creditor should make such communication for its qualification and subsequent payment.
