Responsibility of Administrators in the Dissolution of Companies for Losses in Spain
The dissolution of any capital-based company in Spain which incur into losses has reduced the equity amount significantly. It would be beneficial for partners of the companies to either contribute to offset losses or to increase the capital of the company by contributing and receiving shares in the company. However, this implementation can face some challenges due to the varied type of losses.
Taxation Aspects of the Insolvency Law in Spain
The Royal Decree-Law incorporates tax measures designed to enhance the legal pre-bankruptcy framework for refinancing agreements. These measures seek to facilitate consensus between debtors and creditors, maximizing asset value and minimizing or deferring liabilities to prevent insolvency.
Online Marketing in Spain
Online advertising and marketing strategies are increasing in Spain, and thus represent ideal opportunities for businesses. There are nevertheless Laws and Directives such as The Consumers Protection act (LOPD) that need to be taken in account.
General Law for the Protection of Consumers and Users in Spain
The Consumer Protection Act in Spain (Ley General de Protección de los Derechos del Consumidor o Usuario or LOPD) grants consumers and users protection. The reform of the Law on July 2014 introduces modifications regarding contracts with consumers and reinforces the protection of consumers.
New Effects of Filing for Pre-Insolvency in Spain: 5 Bis Communication
On March 8, 2014, Spain introduced Royal Decree-law 4/2014, known as the New Reform, to enhance the Spanish Insolvency Law. Acknowledging the inflexibility in pre-insolvency and insolvency systems, the reform aims to boost refinancing discussions. It achieves this by establishing a more secure pre-insolvency environment, safeguarding the debtor’s key assets against enforcement by unsecured creditors.
Debt Collection Procedures in France and Spain
Due to historical ties, EU membership, and legislative harmonization trends, French and Spanish laws share commonalities. However, investors face challenges as legal proceedings and terminology differ. In debt collection, French investors need to understand procedures in Spain and potential distinctions from the French system.
Features of Partnerships in Spain
A Partnership in Spain is a recommended choice for small businesses that prefer simple management and minimal investment. Partners bear personal and unlimited liability for third-party debts. Its establishment is simpler and more cost-effective than a company, with no mandatory registration or minimum initial capital requirement, except for specific contributions.
Process for Establishing a Partnership in Spain
Before establishing a partnership in Spain it is important to know whiFor a partnership in Spain, the liability of the partners for debts against third parties is personal and unlimited, and its formal establishment is simpler and cheaper than a company. This article lists the process for establishing a partnership as well as its implementationch are the steps to follow and the requirements established by the Spanish government.
Reform of the General Law for the Protection of Consumers and Users in Spain
In Spain the new legislation for the protection of consumers includes the extension of the legal period to retract from the contract up to fourteen calendar days. Additionally final prices must be explicitly validated by consumers and users to complete the electronic purchase.
Application of Flat Rate Contributions for Contracts of Indefinite Duration in Spain
As of February 25, 2014, companies and self-employed individuals (regardless of size or workforce) that hire workers with a contract of indefinite duration shall only pay 100 Euros per month …
