The importance of due diligence in business transfer operations
Prior to a transfer of a business in Spain, one should carry out a due diligence in order to analyse the economic, financial and legal aspects of the business to be acquired. The process will help set an objective price for the transfer of the company and help avoid any risk of defects related to the company sold.
Inheritance tax Returns to non-residents in Spain due to discrimination
In its judgment on 3 September 2014, the European Court of Justice (ECJ) declared that Spain had infringed Community law by permitting differences in its tax treatment of the inheritance and gift tax between residents and non-residents in Spain and requires the return of wrongfully collected revenue.
Applicable Law to mobile applications in Spain
The possibility of spying on mobile devices has demonstrated the need for Spanish companies to search for legal means of protecting themselves against possible complaints by clients concerning potential loss or theft of information. The different types of mobile applications – online or offline, invasive or non-invasive – determine the rules that are to be followed.
Salary incentives and Bonuses in Spain
Bonus payments by employers as a salary supplement must fulfil the legal requirements set by law. Spanish regulation provides a high level of protection for workers’ interests in this respect.
Regulation and prevention of money laundering in Spain
With the new law on the prevention of money laundering and the creation of the Association of Experts in the Prevention of Money Laundering, many professionals, such as lawyers, are obligated to report any susceptible activity that could be related to money laundering.
Data Protection and the Risk Information Centre in Spain
Knowing of the existence and operations of the Risk Information Centre of the Central Bank of Spain (CIRBE) is essential in understanding our rights and obligations related to certain financial information and in order to differentiate between patrimonial and credit solvency, commonly referred to as “defaulter files”, which are regulated by Art.
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.
