New Default Interest Rate in Spain
The Law 3/2004 of December 29 established measures to combat late payment in commercial transactions. Specifically, Article 7.2 clarified the default interest rate. Until February 23, 2013, the Article dictated: …
New updates about residency for investors via the Entrepreneurs’ Law in Spain
This week, news outlets reported some new information about the entrepreneurs’ law that is still in its draft stage. The government will soon pass a law that will allow, among …
Spain presents the draft bill of the new regulations for entrepreneurs
Spain will grant residence permits to foreign individuals purchasing homes with a value equal to or exceeding 500,000 Euros. The aim is to attract wealth from countries.
Mediation Law on Commercial and Civil Issues
The recent Mediation Law on Commercial and Civil Issues (Law 5/2012, 6th of July) needs regulatory development. To this end, lawmakers have drafted a Royal-Decree Project (Project) that develops the …
Spanish Residence Visas for Entrepreneurs and Investors
Today, we anticipate that the Spanish Government will announce the draft bill of the Entrepreneurs Law, which will include, among other issues, some measures to attract investors and entrepreneurs to …
Spain’s New Entrepreneurs Law: Spain residency Permits for non-EU Citizens
Last week we heard updates about the new law aimed at attracting investors to Spain (elEconomista, a Spanish News Journal) The law was originally proposed in November of 2011 and …
Measures of Support for Entrepreneurs to Stimulate Growth and Job Creation in Spain
The new Law 4/2013 (February 22) provides measures of support for entrepreneurs to stimulate growth and jobs. The new law became effective on February 24, 2013. The following are measures …
Keys to Draft Franchising Contracts in Spain
Franchise is a term, now incorporated into our vocabulary, to designate a new form of business. This business type is based on the transfer of a foreign-business model of transferring …
Amendment of Law for Consumer Credit Contracts in Spain
Under Law 16/2011 of 24 June of consumer credit contracts, the Spanish Ministry of Economy and Competition incorporated into the Spanish legal system Directive 2008/48/EC of the European Parliament and …
Parliament Approves European Union Unitary Patent Rules
After 30 years of discussion, there is finally good news for European Union (EU) inventors interested in obtaining a unitary patent. This new patent will be less expensive and more …
