Simplification of the Rights of Shareholders in Spain
On June 23, the Spanish Legal Bulletin (BOE) released Law 1/2012, amending reporting and documentation obligations for company mergers and divisions. These changes, affecting the Capital Companies Act, notably highlight a shareholder’s right to withdraw if a company opts not to distribute profits.
On air tonight: a Spanish lawyer on TV
Mariscal Abogados received an invitation to provide insights on a prominent television program in Spain. The focus of the discussion was the contentious and sensitive topic of granting citizenship to investors in select European Union countries.
Labour Measures in Support of Approved Entrepreneurs in Spain
On September 28, 2013, the Spanish Legal Bulletin (BOE) published Law 14/2013, of September 27, to support entrepreneurs and internationalization (also known as the Entrepreneurs Support Act). Despite some delay …
Preliminary Reports to the General Meeting of Shareholders in Spain
The shareholders of a limited liability company can, either in writing before the general board meeting or verbally during the meeting, request reports or clarifications that they deem necessary regarding matters included in the agenda of the day.
The Position of the Bankrupcy Mediator in Spain
The Entrepreneur Support Act (Law 14/2013), enacted on September 27, 2013, introduced the bankruptcy mediator role. Published in the Spanish Legal Bulletin (BOE), it also brought partial modifications to the Insolvency Act (Law 22/2003) on July 9, 2003.
Justice Protects Preferred-Stock Owners in Spain
In general, Spanish courts are protecting those purchasers of preferred stock who do not meet the profile of a suitable investor for these products nor those who are sufficiently informed …
Four models of employment contracts in Spain
There are now only four types of employment contracts in Spain. To determine the main characteristics of each one of them, an annexe is necessary. The Spanish Government has simplified …
Classification of economic and entrepreneurial business activities in Spain
Under the Entrepreneur Support and Internationalization Law effective since September 29, 2013, entrepreneurs must identify their core business using the economic activity code from the National Classification of Economic Activities (CNAE). The pertinent codes should be included in official documents and the initial registration entry in public registries.
Sole business license to operate in Spain
The sole business license is the Law that unifies the market and provides free movement of goods in Spain. This license eliminates the requirement of submission to 17 different regulations and allows the offering of any product or service produced under Spanish regional regulations anywhere in Spain without additional formalities.
Tax deductions for employment creation in Spain
On December 21, 2013, the Spanish Official Bulletin published the Royal Decree/Law 16/2013 on measures to promote stable employment and improve the employability of workers. It became effective on December …
