Inheritance or Donation in Spain?
In Spain, the highest tax rate for inheritance acquisitions is 32% for the portion of taxable income surpassing 800,000 Euros. Although the discussed bonus can mitigate the tax liability arising from hereditary acquisition, the taxation associated with inheritance might still exceed that stemming from a donation.
The Training and Apprenticeship Contract in Spain
On January 11, 2014, the Spanish Legal Bulletin (BOE) published the Order ESS/2518/2013 of December 26, 2013 (which became effective on January 12, 2014), which regulates the training aspects of …
Restructuring of Entrepreneurial Debt in Spain
Royal Decree-Law 4/2014 revamps regulations on Insolvency Law’s refinancing agreements, broadening their potential content and clarifying rules for extending effects to non-signatory or dissenting creditors. This allows involvement of creditors with tangible securities in certain circumstances.
Costs and Funding of the Training Activity in Spain
The time spent for training activity may not be less than 25% during the first year of activity, or 15% during the second and third year, of the maximum workday …
Measures to Improve Stable Hiring and Employability in Spain
The Real Decree Law 16/2013 of December 20, 2013, on measures to promote stable hiring and improve the employability of workers became effective on December 22, 2013. The measures include …
The Role of the Mediator in Extrajudicial Payment Agreements in Spain (EPA)
Per the European Code of Conduct for Mediators and the Spanish Mediation in Civil and Commercial Matters Act (LM), a mediator must maintain confidentiality regarding information and documents obtained during mediation, with the European Code of Conduct extending this duty to the mediation’s existence (point 4). The LM specifically holds the mediator responsible for any breach of this confidentiality obligation, highlighting its importance.
Universal Board Meetings in the Spanish Company
The Universal General Board Meeting remains valid even if notice requirements are not met, as stated in Article 178 of the Capital Companies Act. In this unique meeting, rules for notice are unnecessary, as unanimous agreement and the presence of all members ensure the respect of attendance, information, and voting rights.
Shareholders’ Attendance at General Meetings in Spain
According to Article 179 of the Companies Act, shareholders of limited liability companies (“S.L.”) may attend the general meeting. The bylaws of limited liability companies cannot establish a minimum number of represented shares to attend general meetings.
Common Measures for Collective Agreements in Spain
Property executions necessary for a business activity cease for up to four months from the debtor’s initial communication with the court regarding negotiations with creditors. This pause aims to facilitate successful agreements and prevent the accumulation of executions by uncooperative creditors.
Ordinary and Extraordinary Meeting in the Spanish Company
In a Spanish company, general board meetings can be ordinary or extraordinary based on the topics. A meeting is universal if any issue is valid without prior notice, with all shareholders present or represented and unanimous agreement. It can be held anywhere, nationally or internationally.
