Spanish shareholders will decide on the corporations’ remuneration policy
The Spanish Companies Act faces amendment on issues relating to the Annual General Meeting (AGM), directors, and the payment of counsellors. Among other amendments, the Shareholders’ Meeting shall approve the …
Foreign Nationals’ access to the Schengen Area
Spain passed the Internationalization and Entrepreneur Act, Law 14/2013, which allows foreign investors to obtain a specific permit that allows them not only to work in Spain but also to travel within the Schengen area.
Clawback Of Intra-group Guarantees: Group Interest as a Safe Harbour or rather as Pearl Harbour?
The benefits of belonging to a group of companies are well known. The integration of companies within a group not only improves each of the companies’ competitive positions within their …
Perspectives on Spanish investment in 2014
Spain provides excellent investment opportunities in 2014, especially in the real estate sector. The growth in Gross Domestic Product and improvement in the labour market seem to point towards the end of the crisis and bring more opportunities for profitable investment in Spain.
Approval of the Spanish Law for the Improvement of Corporate Governance by the Council of Ministers
The draft legislation for the improvement of corporate governance introduces modifications and instructions that promote strengthening the Spanish Law. The change will mainly affect listed companies, but it would also apply to other types of companies in Spain.
Progress of the legal framework on a future European Patent
Problems associated with obtaining a European patent have led to the series of agreements reached by the EU Justice Ministers. The meeting proposed specialised jurisdiction for patents with an aim to make the procedure faster and reduce its costs. Such progress in legislation would grant patent protection in all European Union Member States.
Pension Reforms
On November 20, 2013, the Spanish Government approved a pension reform without having accepted any of the amendments proposed. Among other things, this reform provides a new mathematical pension adjustment …
The Urban Renting Act Reform in Spain
On May 23, 2013, the Spanish Government approved the 4/2013 Reform Act on the Urban Renting System, which partially amended the 29/1994 Act. It aims to correct the weakness of …
Approval of the Royal Decree Developing the Mediation Law on Civil and Commercial Matters in Spain
The draft legislation introduces reforms and guidelines for corporate governance that would promote initiatives to emphasize: the shareholders’ meeting to intervene in the management of the company; the separation of the voting on agreements on issues that are substantially independent; the extended deadline for contesting social agreements, etc.
Inheritance in Spain as a Result of the Death of the Heir
On September 11, 2013, the Spanish Supreme Court issued a ruling that upheld the doctrine on provisions of Article 1006 of the Spanish Civil Code. This Article provides that the …
