Access rights and grid connection to transmission and distribution networks in Spain, Circular 1/2021
NCMC’s Circular 1/2021, dated 20 January, develops a regulatory framework whose primary purpose is to facilitate grid access to electricity producers, including energy storage facilities. It removes obstacles that could prevent access to new market operators and electricity from renewable energy sources.
Rights of minority shareholders in LLCs and PLCs in Spain
The Spanish Companies Act stipulates some actions to protect the rights of minority shareholders to ensure the continuity of the company.
Energy Law in Spain (1): New regulation for grid connection and feed-in permits
Royal Decree 1183/2020, of 29th December 2020, introduces relevant modifications on grid connection and feed-in permits for energy projects in Spain. An overview of the essential aspects of the new regulations.
PLCs and LLCs in Spain will qualify to hold General Shareholders’ Meetings exclusively through telematic means
Law 5/2021, dated 12 April, which amends the Revised Text of the Spanish Capital Companies Act, introduces the possibility of holding general shareholders’ meetings exclusively through telematic means.
The Role of the Managing Director Spain
The Board of Directors may appoint from its members a managing director and delegate to him all powers permitted by law. The following article describes the appointment procedure and details his or her powers according to Spanish law.
Timing rules in the calculation of collective dismissals
The new CJEU judgment questions the interpretation of Spanish case law regarding the calculation of collective dismissals thresholds, also known as ‘the timing rules’.
Spain applies new sanctions for failure to deposit annual accounts
Spanish capital companies must submit their annual accounts to the General Meeting for approval and file them before the Commercial Registry. The entry into force of RD 2/2021 on 1/2/2021 opens the door to apply the sanction regime for failure to do so in due time.
What is a Cash Pooling Agreement?
The Cash Pooling agreement facilitates the financial operations of companies, especially when operating in different countries. It allows a daily set of automatic inter-company loans to optimize the group’s global position, obtaining a single balance for each bank with which it operates.
Particularities of the European order for payment procedure in Spain
The European order for payment procedure is a creditor-friendly procedure increasingly used for cross-border debt collection within the European Union. However, its successful implementation in Spain is sometimes more complicated than expected. Find out the best practices for conducting a European order for payment procedure in Spain!
The enforcement of financial guarantees in photovoltaic projects: The Royal Decree-law 23/2020
Royal Decree-law 23/2020 approves a new framework that identifies a series of steps to develop energy projects in Spain. It highlights a higher degree of compliance and certainty for the energy market but implies a higher level of risk for developers and investors.
