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REGISTRY DOCTRINE ON ARTICLE 160 F) OF THE LAW ON CORPORATIONS: ACQUISITION, DISPOSAL AND TRANSFER OF CRITICAL ASSETS TO OTHER COMPANIES

Article 160 f) of the Corporations Act (Ley de Sociedades de Capital –LSC), introduced by Law 31/2014, of 3 December, amending the Law on Corporations for the enhancement of corporate governance, expressly gives the general meetings of corporations exclusive power to deliberate on and approve the acquisition, disposal and transfer …Read More

PROMOTING THE DEPLOYMENT OF ULTRA-FAST BROADBAND TELECOMMUNICATIONS NETWORKS: NEW POSSIBILITIES FOR INFRASTRUCTURE DEVELOPMENT

High among the priorities set by the European Union for this decade is the extension of ultra-fast communications networks, and to this end significant support has been given both to public and, above all, to private initiatives in this area, resulting in a dramatic increase in the economic activity being …Read More

THE JUNCKER COMMISSION’S INVESTMENT PLAN: AN OPPORTUNITY FOR ENTREPRENEURS AND INVESTORS

One year after taking office, the new European Commission, chaired by Jean-Claude Juncker, has launched some of the most significant initiatives of its political program. Notable among the priorities established by the Juncker Commission are, firstly, Employment, Growth and Investment, which has been consolidated with the implementation of an ambitious …Read More

PLEDGES OF FUTURE RECEIVABLES IN INSOLVENCY

The 5th Final Provision of Law 40/2015, of 1 October, on the Regulation of the Public Sector (Ley 40/2015, de 1 de octubre, de Régimen Jurídico del Sector Público –“LRJSP”), published in the Official State Gazette on 2 October 2015, amends several precepts of the Insolvency Law (“LC”), including Article …Read More

SECOND-CHANCE MECHANISM AND INSOLVENCY ADMINISTRATION REGULATIONS

Law 25/2015, of 28 July, on the second-chance mechanism, financial burden reduction and other social support measures, ratifies and confirms the content of Royal Decree-Law 1/2015, of 27 February, amending the Insolvency Act (Ley Concursal –“LC”), among other laws. However, the Law includes certain changes to the text of the …Read More

THE NEW LAW ON AUDITS OF ACCOUNTS

Law 22/2015, of 20 July, on Audits of Accounts (Ley 22/2015, de 20 de julio, de Auditoría de Cuentas –“LAC”) adapts Spanish law to the changes introduced by EU Directive 2014/56, amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts, as well as the provisions of EU …Read More

COMMERCIAL CASES IN THE LAW ON VOLUNTARY JURISDICTION

Law 15/2015, of 2 July, on Voluntary Jurisdiction (Ley 15/2015, de 2 de julio, de la Jurisdicción Voluntaria –“LJV”), finally fulfils the mandate issued more than fifteen years earlier in the Law 1/2000, of 7 January, on Civil Procedure –Ley 1/2000, de 7 de enero, de Enjuiciamiento Civil –LEC), pursuant …Read More