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.
Four reasons to franchise your business in Spain
The franchise agreement enhances the franchisor’s distribution of products and provision of services and enables the franchisor to create a uniform commercial distribution network.
Loyalty Shares: are they beneficial to the growth and stability of a company in the long term?
The concept of loyalty shares was heavily involved in the subsequent changes to the reform of the Spanish Companies Act (Ley de Sociedades de Capital). Its introduction aims to reinforce the attractiveness of the corporate regime in Spain to investors.
Green hydrogen, the substitute for fossil fuels
Hydrogen is a highly reactive chemical acquired through a process known as electrolysis by which electrical currents facilitate the breakdown of water molecules into oxygen and hydrogen.
The integration of solvency through third parties in public tenders
Before bidding for a public tender in Spain, entities must thoroughly study the technical and administrative specifications of the tender. They must also ensure that they meet all legal requirements. …
Act 16/2022 Reform of the Insolvency Law
Act 16/2022 on the reform of the Insolvency Law took effect on 26 September 2022, triggering significant changes to streamline insolvency proceedings in Spain. The elimination of pre-existing liquidation plans is one of the modifications.
