The Use of the Electronic Cigarette in Spain
The use of the electronic cigarette in Spain is being partially regulated in accordance with the Law 28/2005 in order to comply with health and safety regulations. Although the use of electronic cigarettes is not limited to all of the same restrictions as smoking (e.g. indoors: public administration buildings), it does restrict their sale to minors and it also regulates advertisements for electronic cigarettes which may no be broadcast during the hours of children´s television for example.
Deductions Relating to Income Tax with the New Tax Reform in Spain
The new tax reform in Spain lowers the income tax by about 12.5% and provides a deduction for taxpayers with large families, elderly family members, or disabled dependents. This means that these taxpayers will be able to deduct about 1,200 Euros per year, an amount which, depending on the case, may increase.
The Role of the General Meeting of Shareholders in Spain
The role of the general meeting of shareholders in Spain differs according to whether it is a listed company or not. Therefore, there are different characterists depending on what type of company it is.
Requirements and Length of the Work Experience Contract in Spain
The purpose of the work experience contract is for contracted workers to acquire practical training. For this reason, the tasks to develop must always be bound to the theoretical training they have received.
New Commercial Code in Spain: The Right of Competition and Industrial Property
Although there are international conventions that rule intellectual property rights, Spain has recently included in its draft of the New Commercial Code important changes that will affect the Law of Competition and Industrial Property.
The Reform of the Companies Act in Spain
The reform of the companies act in Spain focuses on the urgency for listed companies to update their corporate governance systems and affects shareholders’ general meetings, director’s remuneration and board of directors among other. It came into force on the 1st January 2015.
Representation Powers of Shareholders of Public Limited Companies in Spain
The representation system for public limited companies in Spain is more open regarding parties that may act as proxies on behalf on shareholder, but the manner of representation only grants special powers of attorney for each meeting and not general powers of attorney. In contrast, the manner of representation is stricter than in public limited companies whereby the representation is a shareholder may be carried out by anybody.
Business changes introduced by the new Commercial Code in Spain
The new Commercial code in Spain introduces certain changes in the pecuniary liability of owners of limited liability companies, the creditors’ meetings and the transfer of the company as a whole.
Representation of Shareholders at General Meetings in Spain
In Spain the Company Law establishes the regulations of shareholders meetings and their representation. Depending on the kind of company, it may be necessary to submit a proxy.
How to grant the authority to represent shareholders at General Meetings in Spain
In Spain, shareholders are, for various reasons, increasingly unable to attend General Meetings. However, they may choose to be represented at such Meetings by a proxy. Representation of a shareholder …
