Steps to buy your property in Spain
The steps to follow to buy your property in Spain are 4. The first one is to verify the ownership of the property, its situation and urban ranking at the Registry of Ownership.
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.
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.
The use of an arbitration clause in business contracts
The arbitration clause allows the parties to the contract to submit disputes arising from the contract to an arbitration court. To be valid, the clause must meet several requirements and its utility should be determined by balancing its advantages with its disadvantages.
Transfer of business in Spain: assets or share purchase agreement?
When transferring a business in Spain, companies can opt for an asset purchase or share purchase agreement, each with different legal and tax implications. The choice between these methods depends on factors such as liability, financial structure, and tax treatment. Understanding the benefits and risks of each approach is crucial for ensuring a smooth transaction.
Extension of temporary lay-offs (ERTE) in Spain
Following the agreement signed between the Government and the social partners to extend the impact of the protection measures adopted during the state of alert, the Ministry of Inclusion, Social Security, and Migration has adopted new measures for companies and workers, available from the 1st July until the 30th of September.
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: 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.
When is the dissolution and liquidation of a company compulsory in Spain?
In Spain, the dissolution and liquidation of a company become compulsory when it faces insolvency, continuous losses, or failure to meet legal requirements. Companies must adhere to specific procedures to avoid penalties and ensure proper closure. Understanding when and how to initiate this process is crucial for compliance and protecting stakeholders.
Harassment Prevention Protocols in the workplace
Nowadays, harassment is one of the main issues companies must implement. Thus, it is highly recommendable that they establish protocols for its prevention and guidelines to follow whenever misconduct is suspected.
