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Obligations of companies in Spain before the Equal Pay law

Royal Decree 902/2020 on equal pay incorporates the obligation for all companies in Spain, regardless of the number of employees, to establish a pay register disaggregated by sex and professional categories.

new business models energy sector

Promotion of new business models in the energy sector in Spain

The Royal Decree-law 23/2020 regulates new business models for participating in the electricity system in Spain so far not sufficiently ruled: storage, hybridization, aggregation, and renewable energy communities.

energy reform Spain

Promotion of the energy reform in Spain: the Royal Decree-law 23/2020

Royal Decree-Law 23/2020 approves energy measures for economic recovery after the COVID-19 crisis and represents a boost for renewable energies (RES-E) and the energy transition in Spain.

F: temporary layoff procedures Spain

Temporary Layoff Procedure (ERTE) in Spain: Royal Decree-law 30/2020

The Royal Decree-law 30/2020 on social measures in defense of employment addresses extensions for force majeure Temporary Redundancy Plans, as well as Temporary Redundancy Plans due to economic, technical, organizational, or production reasons linked to COVID-19. It also introduces Temporary Redundancy Plans for impeded or limited activities.

law remote working

The Spanish government approves the regulation for remote working

The health crisis by COVID-19 has exponentially increased the number of people working remotely, in particular, those teleworking in Spain. The lack of a specific regulation, however, caused legal uncertainty for both the company and the workers. Hence, the Spanish Government has decided to regulate this type of work.

Is Company Directors’ Remuneration Tax deductible in Spain?

The remuneration of directors of a Spanish company is deductible from the corporate income tax. However, the company’s bylaws must expressly contemplate the remunerated character of the post, and the remuneration scheme used to pay the director must be determined with certainty.

Non-refundable contributions by shareholders

Non-refundable Contributions by Shareholders in Spain

Non-refundable contributions are an effective and immediate mechanism for injecting funds into a company. Its purpose may be to solve the company’s financial imbalance, provide liquidity to the company or undertake a specific project. Unlike capital increases, non-refundable contributions do not require formalization in a public deed, nor registration with the Commercial Registry.

The new Insolvency Law – RDL 12020 – RDL 1-2020

Informative Note: The new Insolvency Law (RDL 1/2020)

In the following informative note, we address the Royal Legislative Decree 1/2020, of 5 May, that approves the redrafted text of the Insolvency Law, and revises its structure and key characteristics.

How to determine the insolvency status of the company

How to determine the insolvency status of the company in the insolvency proceedings

The state of insolvency obliges companies to apply for the insolvency proceedings. We analyse some facts that can help to identify this status, as well as the most commonly used accounting formulas to predict it: the acid test and the Altman Z-score.

How to apply for bankruptcy in Spain

How to apply for bankruptcy in Spain: Basic aspects and Deadlines

The Bankruptcy Law in Spain regulates the basic aspects and the deadlines within which companies should apply for bankruptcy when their situation does not allow them to fulfil their payment obligations on a regular basis.