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 …
Donation in Spain according to the Civil Code
The concept of donation is regulated by Articles 618 et seq. of the Spanish Civil Code (Cc) and it defines itself as an act of liberality under which one person …
Renting: Another Option for Investment for Foreign Nationals in Spain
Act 14/2013 on Support to Entrepreneurs and Internationalization (the Act) became effective on September 28, 2013. The Act allows foreign investors to live in Spain. Obtaining this residence permit is …
Implementation of the Consumer Rights Directive in Spain
In Spain, local laws are implementing the Consumer Rights Directive (Directive). The Spanish Laws on consumer protection and information (La Ley General para la Defensa de los consumidores y Usarios (LGDCU) …
Compensation to an Administrator in Spain
According to the Capital Companies Act and the Doctrine of the Directorate General for Registers and Notaries, company bylaws must state whether an administrator receives compensation, and company bylaws are …
