Court fees applicable to legal entities in Spain
In their ruling 140/2016 of 21 July 2016, the Plenum of the Spanish Constitutional Court resolved the appeal brought by the Parliamentary Socialist Group of the Congress of Deputies against Law 10/2012, of 20 November 2012, regulating fixed fees in the context of the administration of justice and the National Institute of Toxicology and Forensic Science.
The Pre-contracting Process of a Consumer Credit Agreement in Spain
One of the basic pillars of the Consumer Credit Agreement Law in Spain (Law 16/2011) is the development of the regulation of the pre-contracting process; that is, the steps prior to a creditor and a consumer entering into a consumer credit agreement.
Hiring disabled workers is mandatory in Spain
According to the General Law on rights of persons with disabilities and their social integration, companies in Spain with 50 or more employees are required to hire at least 2% of workers with disabilities.
Mandatory registration of the working day in a company in Spain
The recent judgments of the Spanish National High Court stress the established obligation of companies in Spain to keep track of the daily work hours of their employees, regardless of the company’s size. Only with this prior monitoring may companies certify the performance of overtime.
Community fees of business premises in Spain
The Horizontal Property Act and Article 396 of the Civil Code in Spain provide that the obligations of businesses in a community are the same as those of other owners. Therefore, such businesses should bear the costs arising from maintaining the common areas of the community.
Business succession in Spain: the guarantees that must be respected
Business succession in Spain must be achieved with a certain degree of care in order to respect all the legal aspects of the acquired company and ensure a peaceful future for the acquiring company. In this way, the social guarantees that are enumerated in Article 44 of the Workers’ Statute should not be forgotten.
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.
