Requirements of the Agency Agreement in Spain
As defined in Article 1 of the Law of Agency Agreements (from now on LAA), these types of agreements are for which a natural person or legal entity is obligated …
Mediation Law for Civil and Commercial Issues in Spain
Mediation is a voluntary way to resolve disputes between two parties with the help of a third party, qualified to be impartial and neutral to guide these parties in achieving …
Inheritance rights of foreigners in Spain
Foreigners who intend to inherit assets in Spain should know that succession laws tend to be different from country to country. Primarily, one needs to take into account that in …
The shareholder’s right to withdrawal in Spain for non distribution of dividends
Article 93 a) of the Spanish Companies Law (LSC in Spanish) expressly recognizes the shareholders’ entitlement to participate in company profit-sharing. Nevertheless, it is not an automatic entitlement, since, in principle, …
Key points of the labour reform in Spain
Despite various labor reforms in our country, the anticipated positive outcomes have not materialized. Unemployment figures for 2012 remain below expectations, and escalating financial pressures in the Eurozone and Spanish debt heighten uncertainty. The effectiveness of the new law remains to be seen, as we await its impact on meeting expectations.
Reform of the Arbitration Reform Act in Spain
The reform outlined in Law 11/2011, dated May 20, 2011, does not bring about drastic changes to the existing arbitration system. Nevertheless, it introduces significant advancements with the ultimate aim of fortifying and encouraging arbitration in Spain, seeking to establish the country as an appealing destination for international arbitration cases.
Long-Awaited Amendment to Insolvency Legislation in Spain: Is it Sufficient?
The Law introduces positive changes to financing agreements and restructuring but fails to address critical issues. Inadequate resources for the Justice system and the absence of solutions for individual debt problems persist. Additionally, the underutilization of the restructuring procedure contributes to low satisfaction among ordinary creditors.
Note to the Partial Reform of the Law of Capital Companies in Spain
On 2 October 2011, Law 25/2011 of August 1 came into force. This law provides for the partial reform of the Capital Companies Act and the transposition of Directive 2007/36/EC …
The Procedure of Debt Recovery in the European Union
While there have been reported instances of using the EOPP, the full potential and utility of these new procedures are yet to be realized. They seem to be infrequently employed and not widely known. Only time will reveal whether they will evolve into a cornerstone of the European Union’s civil debt recovery.
Enforcement of Foreign Judgments in Spain
Determining jurisdiction in international disputes and recognizing/enforcing foreign judgments can be complex. To streamline this process, it is advisable for parties in cross-border agreements to thoroughly agree on jurisdiction and applicable law in case of a dispute.
