New Spanish Public Registry for Bankruptcy
The Official Spanish State Bulletin (BOE) published the Royal Decree 892/2013, which regulates the Public Registry for Bankruptcy. This new Decree will allow banks, consumers, partners, and creditors to have …
The role of the notary public during the purchasing of Real Estate in Spain
The notary plays an important role in the purchasing of real estate property in Spain. The notary deed has access to the Land Registry, which grants legal protection to the owner of the property against third parties. Moreover, the notary validates the legal capacities and identities of the parties, which is another legal protection that the Spanish legal system provides.
Spanish shareholders will decide on the corporations’ remuneration policy
The Spanish Companies Act faces amendment on issues relating to the Annual General Meeting (AGM), directors, and the payment of counsellors. Among other amendments, the Shareholders’ Meeting shall approve the …
Foreign Nationals’ access to the Schengen Area
Spain passed the Internationalization and Entrepreneur Act, Law 14/2013, which allows foreign investors to obtain a specific permit that allows them not only to work in Spain but also to travel within the Schengen area.
Clawback Of Intra-group Guarantees: Group Interest as a Safe Harbour or rather as Pearl Harbour?
The benefits of belonging to a group of companies are well known. The integration of companies within a group not only improves each of the companies’ competitive positions within their …
Perspectives on Spanish investment in 2014
Spain provides excellent investment opportunities in 2014, especially in the real estate sector. The growth in Gross Domestic Product and improvement in the labour market seem to point towards the end of the crisis and bring more opportunities for profitable investment in Spain.
Approval of the Spanish Law for the Improvement of Corporate Governance by the Council of Ministers
The draft legislation for the improvement of corporate governance introduces modifications and instructions that promote strengthening the Spanish Law. The change will mainly affect listed companies, but it would also apply to other types of companies in Spain.
Progress of the legal framework on a future European Patent
Problems associated with obtaining a European patent have led to the series of agreements reached by the EU Justice Ministers. The meeting proposed specialised jurisdiction for patents with an aim to make the procedure faster and reduce its costs. Such progress in legislation would grant patent protection in all European Union Member States.
Pension Reforms
On November 20, 2013, the Spanish Government approved a pension reform without having accepted any of the amendments proposed. Among other things, this reform provides a new mathematical pension adjustment …
The Urban Renting Act Reform in Spain
On May 23, 2013, the Spanish Government approved the 4/2013 Reform Act on the Urban Renting System, which partially amended the 29/1994 Act. It aims to correct the weakness of …
