The Legal framework on Consumer Credit Agreements in Spain
In Spain, Law 16/2011 derogated the previous legal regime (dating back to 1995) and transposed Directive 2008/48 of 23 April 2008 on credit agreements for consumers (the Directive) into Spanish law. Law 16/2011 reproduces the provisions of the Directive. Furthermore, where the Directive has failed to include specific provisions, the old regime has been maintained or even extended to new scenarios, with the aim of increasing the protection granted to Spanish consumers.
The pledged stock of boats: a practical guarantee for dealers and financial institutions
The Law on Chattel Mortgage and Pledge without Transfer of Possession provides for the pledge stock of boats as a guarantee. Its objective is to facilitate credit to dealers to ensure compliance with the obligations of financial institutions.
FinTech: A booming sector in Spain
Spain possesses numerous advantages to welcome start-ups in the FinTech sector. Spain can benefit from the consequences of Brexit if it decides to create a favourable field for such start-ups.
Tips and options to invest in Spain
There are many investment options available to foreign investors, that go from the opening of a new business, the investment in an already established business, the setting-up of a subsidiary or a franchise activity.
The right to information of shareholders in Spain
Article 93 of the Law on Corporations (LSC) recognizes the right to information of shareholders and regulates separately limited liability companies (article 196) and public limited companies (article 197).
New system of retribution for directors in Spain
One of the changes arising from the Law on Capital Companies in Spain is the distinction between directors acting in their capacity as directors whose remuneration is subject to the principle statutory reserve and directors performing executive functions who, in the event of receiving remuneration, are obliged to sign a contract with the Company.
What kind of company is the best to invest in Spain?
The main legal forms to establish an activity in Spain have advantages and disadvantages. The correct choice will depend not only on the activity itself as well as on the capital amount you want to invest, but also on the number of shareholders among other factors.
Leasing contracts in Spain: taxes and expenses
The building lease market in Spain has strengthened from the economic crisis and has begun to displace the ownership regime. However, the war between supply and the demand, and the hidden decoys behind feasible rents, can entail the assumption of taxes and expenses that parties should understand and negotiate.
Spain starts using online judicial auctions
Since October 2015, a website brings together notarial and judicial auctions in Spain. A citizen with prior registration and deposit will be able to consult and participate in an auction. Auctions affect both real estate and personal property, including those that would have been mortgaged.
Master franchise agreements in Spain: the trust by selectivity
The Master Franchise agreement is an exclusivity contract of a British/American franchise abroad. Structured by a double legal relationship between the headquarters, the master franchisee and the local franchisee, the contract allows the extension of a business model and the spirit of a British/American franchise abroad legally and economically.
