Marketing high-risk products in Spain: new case-law?
Courts in Spain have given judgments against controversial high-risk financial products offered by numerous banks, obliging banks to pay back the investment of their clients.
One Year after the Passing of Spain’s Law in Support of Foreign-National Entrepreneurs
Thanks to the approval of the Law 14/2013, foreign investors and entrepeneurs may apply for a residence permit in Spain. The residence permit would not only allow them to work and reside in Spain, but also to travel freely within the EU with respect to the Schengen Territory.
New Criminal Offense Risk Prevention Plans for Companies in Spain
The reform of the Spanish Penal Code incorporates the duty that companies in Spain must establish criminal offense risk prevention plans. If a company fails to implement a risk prevention plan, it will not be exonerated of any criminal charges or have them reduced.
Remuneration of Managing Partners after the Tax Reform in Spain
The remuneration of managing partners has undergone some changes after the tax reform in Spain. Now, if the remuneration is not in the statutes of the company, they will not be deductible.
Relationship of the contested agreements in the Spanish firm
With the change in the Capital Companies Act in Spain will allow the challenged to essentially three types of agreements: agreements contrary to law, agreements that conflict with the statutes of the company and agreements that hurt the interests of the company while benefiting the interests of the personal staff.
Legal regulations on business hours in Spain
Royal Decree Law 8/2014 of 4 July, replaces Law 1/2014, referring to business hours in Spain, as well as to the criteria by which a city qualifies for major tourist destination status.
Measures for the promotion of domestic and foreign trade in Spain
The Spanish government has approved a series of measures that are included in Royal Decree Law 8/2014, of 4 July 2014, which aim to promote competitiveness and improve the employment rate in Spain.
The concept of trust in Spain
In Spain, the transfer of guarantee rights requires an agreement between the financing parties, formalized in a power of attorney and registered in the Registry, This prejudices the quotas liquidity.
New regulation on Foundations in Spain
The draft Law on Foundations in Spain intends to guarantee the better exercise of the right of establishment and compliance with the accompanying obligations arising from formation, not only through the foundation itself – through the purpose which justifies its existence – but also the public administrations that monitor its performance and grant, if need be, tax benefits to them.
Limitations of commercial obligations according to the New Commercial Code in Spain
The Commercial Code in Spain establishes the regulation for the different phases of a contract’s life, from pre-contractual phase to the contract’s extinction and incompletion, The new regulation aims a more efficient market.
