Impact of company abandonment in Spain on the system of managerial liabilityThe Spanish legal system offers creditor protections for companies that cease commercial operations but remain inactive, failing to undergo the necessary dissolution and liquidation processes. Typically insolvent, these companies neglect corporate debts and obligations by discontinuing trading, abandoning the business premises, not filing annual accounts with the Commercial Registry, neglecting tax payments, and failing to fulfill other corporate obligations mandated by law.Read moreChanges to the small claims procedure in SpainOn May 4, 2010, the Procedural Law in Spain underwent a reform with Law 13/2009, significantly expanding the application of the law. The small claims procedure, known as “proceso monitorio,” saw a substantial extension in its scope. Under the reformed legislation, debts of up to €250,000 can now be recovered, a significant increase from the previous limit of €30,000.Read moreThe Spanish LLC: advantages, disadvantages, and differences with a regular corporationThe LLC corporate form is highly recommended for small to medium-sized businesses due to its relaxed reporting requirements, relatively low initial capital (around 3,006 Euros), and limited liability for members. According to legal experts, approximately 90% of new companies in Spain are LLCs, with the remaining 10% being various forms of partnerships.Read moreTaxes on inheritance and gifts in SpainThe inheritance and gift taxes in Spain taxes the increase on wealth of a property, right or asset, the first one by reason of death of the transferor, the second one while still alive. Both must be paid by the beneficiaries, the amount will be vary depending on which autonomous community the asset is.Read moreRedundancies in Spain in times of crisis: economic and productive reasonsThe Spanish Code of Labour Law (Estatuto de los Trabajadores) sets out a particular type of redundancy known as redundancy based on objective reasons. There are several reasons for which …Spanish Insolvency Law: the responsibility of directors in a situation of insolvencySpain’s Insolvency Law safeguards creditors in instances of director misconduct or negligence during company insolvency, ensuring confidence in the legal framework’s protection for creditors.Read moreThe new Capital Company Law in SpainOn July 2nd, the Council of Ministers approved the Redrafted Text for the Law of Capital Companies (Royal Legislative Decree 1/2010). Effective from September 1, 2010, it unifies regulations for various company types, addressing organizational issues and imperfections.Read moreHow to start an SME in SpainEstablishing a business in Spain demands understanding not only the local legal system and traditions but also compliance with European directives and international conventions. This intricate legal landscape necessitates a comprehensive assessment of how both Spanish and international laws impact the initiation of a new business venture by an optimistic foreign entrepreneur.Read moreSpanish law against late payments in commercial transactionsThe Law establishing measures to fight against late payments in commercial transactions (3/2004 Law of December 29th) represents the culmination of a legislative process developed to adapt the Spanish legislation to …Guidelines and tips to follow in an insolvency proceeding in SpainThis article delves into crucial aspects of insolvency and debt collection proceedings in Spain. It highlights the practical challenges faced by economic actors, emphasizing the decision-making process between liquidation and reaching agreements with creditors, which can be influenced by the type of creditor involved. The article also briefly touches on the limited effectiveness of insolvency proceedings in family debt cases.Read more Anterior 1…7980818283 Siguiente
