Business succession in the framework of asset sales and purchases takes place when a company acquires the assets of another to continue its activities. In Spain, Article 44 of the Workers’ Statute outlines labour and social security obligations of employers and protection measures for workers involved in this process.
Self-consumption is how a person or company supplies itself with electricity through its installation, instead of buying it from a supplier. Collective self-consumption is a modality in which several persons jointly use a photovoltaic installation to benefit from the energy generated without registering as marketers.
If a foreign company’s main activity is in Spain, it must have a corporate presence in Spain, either through the creation of a subsidiary, branch, commercial office or the acquisition of an existing business. Each option has its own legal and tax requirements, and the choice will depend on the business needs and objectives.
The High Court of Catalonia has increased the compensation for unfair dismissal to 48 days’ salary per year of service, with a maximum of 36 monthly payments. This decision goes against the indemnification established by law.
The VASP licence is a registration process with the Bank of Spain for companies seeking to operate a cryptocurrency activity in Spain. To successfully apply for the VASP license, companies need to collect and submit several documents and forms.
Startup Law in Spain, in force since the end of 2022, is reshaping corporate governance with a groundbreaking change: the possibility of acquiring treasury shares to reward employees through stock option plans.
In Spain, CBD lacks specific regulation and is governed by international conventions and the oversight provided by the Spanish Agency for Medicines and Health Products (AEMPS).
The critical points of remote working refer to the compensation of expenses, digital disconnection, and the prevention of occupational risks. In the following article, we analyse the critical and most controversial elements of Law 10/2021, in force in Spain since October 1st 2021.
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.
Currently, few regulations govern the cryptocurrency sector in Spain. There is a legal vacuum, so companies working with cryptocurrencies are not subject to strict supervision or control by public institutions.