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Spain’s economic outlook remained bleak in 2011, with unemployment reaching 21.5% in the third quarter. Labour reforms in social security and pensions kept employment lawyers busy, and employment litigation remained high. In real estate, the first half of 2011 saw a significant decrease in investments and sale-and-leaseback transactions, but restructurings and distressed deals were a source of work. In corporate spheres, the private equity market remained subdued, but insolvencies were a source of activity. The restructuring of Spanish savings banks compensated for the lack of traditional M&A, although much of this has now concluded.
The energy sector saw more activity as the new government prepared to amend certain regulations, requiring clients to seek advice on the changes. Other recent sources of work for lawyers included the privatisation of Spain’s airports, but the planned privatisation of the lottery was halted due to difficult market conditions.
The ‘Big Three’ Spanish firms – Cuatrecasas, Gonçalves Pereira; Garrigues; and Uría Menéndez – maintain their reputation for excellence. Gómez-Acebo & Pombo Abogados is also a strong player. Other notable Spanish firms include Perez-Llorca and CMS Albiñana & Suárez de Lezo.
A number of UK firms enjoy prominent positions: namely Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters. Olswang was among new entrants to the market in 2011.
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Press releases
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Legal Developments in Spain
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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Law 38/2011 of October 10 on the reform of Law 22/2003 of July 9 on bankruptcy law 38/2011
On October 11, the Official State Gazette published Law 38/2011 on the reform of Law 22/2003 of July 9 on Bankruptcy that entails a broad and ambitious procedure to modify bankruptcy legislation. -
Newsletter by Sol Muntañola Abogados
OPINION - ON DATA IN THE CLOUDS OR DIGITAL PHOTOCOPIERS -
Spanish Bankruptcy Act reform
Chapter IV, Title III of the Bankruptcy Act (hereinafter, the "BA") regulates the filing of actions against the activity of debtors declared bankrupt in order to return to the bankrupt estate certain assets which the legislator considers should never have been taken away. -
Contesting the candidates is only possible during the social elections procedure
The employer has the possibility to contest the candidate lists in the event that a candidate does not comply with the conditions for eligibility. The Supreme Court recently confirmed that this is only possible within the strict terms provided in the social elections procedure. -
RIVERO & GUSTAFSON ABOGADOS September Newsletter
Commercial -
COLLECTIVE BARGAINING AGREEMENT AND COLLECTIVE BARGAINING
Urgent Measures for the reform of collective bargaining. -
Newsletter May 2011
Commercial …………………………. Strengthening Financial System Law on a Sustainable Economy -
Newsletter January 2011
(1) Mercantile: Liberalizing actions in the tax and labor areas in order to encourage investment and create employment. (2) Litigation: Reform of the Penal Code (Organic Law 5/2010 of June 22). (3) Labor: Paternity Leave. Maintenance of employment and professional training. IPREM and SMI for 2011. Self Employed Workers. Pensions. Placement Agencies. (4) Tax: Changes: personal income tax, company tax, income tax for non residents, tax on patrimony transfers and documented legal acts, VAT. -
The evidence of foreign law: The Spanish Supreme Court’s Judgment of 24 June 2010
We live in a globalized world where people, goods and money can move freely between national borders. It is perfectly possibly to buy a computer manufactured in Tokyo from a sales company established in Bangladesh, while sitting outdoors on a terrace in Rome. In this context, with transnational commerce and business relations constantly expanding, it is logical that international litigation is becoming increasingly commonplace. -
Special Labor Reform Newsletter
LAW 35/2010, OF SEPTEMBER 17, ON URGENT MEASURESFOR THE REFORM OF THE LABOR MARKET
Press Releases worldwide
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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Yuliya Chernykh spoke at the international conference organized by the ICAC at the UCCI
International conference entitled «International Commercial Arbitration in Ukraine and the World: yesterday, today, tomorrow», dedicated to the 20th anniversary of the ICAC at the UCCI. -
The Qatar Law Forum – bringing together global leaders in law
The Qatar Law Forum is a three-day gathering in Doha of invited leaders in law from around the world, held under the patronage of His Highness the Emir of the State of Qatar. -
The Olympic Experience
Olympic medallists Roger Black, MBE and Steve Backley, OBE will be the VIP speakers at an Olympic-themed event hosted by International Law Firm, Hassans. The event will take place in the run up to the London Olympics, on the 12th July, at the Khaima at the Rock Hotel.- Hassans -
Sayenko Kharenko advised on debt restructuring of “Potok8” (former Mirax Group)
Sayenko Kharenko acted as legal counsel to the lenders in the course of restructuring of financial obligations of “Potok8” (former Mirax Group), one of the leading Russian construction and development companies, under the outstanding USD 180 million credit linked notes. -
Stamford Law advises Theta Capital Pte Ltd, a unit of PT Lippo Karawaci Tbk on the issue of US$150 m
Theta Capital Pte. Ltd., a unit of property developer PT Lippo Karawaci Tbk (LPKR) has on 9 May 2012 launched the issue of US$150 million senior notes, to be used for (a) the development of new retail malls, hospitals and large scale integrated development and (b) working capital requirements and general corporate purpose . The notes will be guaranteed by LPKR and its subsidiaries. Citigroup and Deutsche Bank were joint global coordinators and lead managers in the issuance. -
11KBW Wales Local Authority Conference 2012
Public and Employment Law barristers from 11KBW will tackle the big questions in local authority law for Wales. They will look at what’s happening in legislation and case law across a number of key areas, and what it means for authorities, their in-house legal teams and advisers.- 11KBW -
Internal legal seminar for JSC SB Sberbank, 30 April 2012
On 30 April 2012 representatives of GRATA Law Firm (Finance and Securities Department) took part in internal legal seminar held by JSC DB Sberbank. -
YAROSLAV ABRAMOV TOOK PART IN UKRAINIAN M&A CONGRESS: “ATTRACTING INVESTMENTS AND BUSINESS FOR SAL
22 May 2012. Senior Associate of International law firm Integrites in his speech at Ukrainian M&A Congress touched upon the current situation and prospects of Ukrainian market of mergers and acquisitions, particularly M&A deals in Ukraine in a comparative perspective and the most common deal breakers. -
11KBW Strollers walked 10k for London Legal Walk raising £2,000 for London Legal Support Trust
The “11KBW strollers” were out in force to take part in the London Legal Walk raising around £2,000 for London Legal Support Trust, London Legal Support Trust, the Free Representation Unit and the Bar Pro Bono Unit.- 11KBW -
WOLF THEISS ADVISES UNICREDIT S.P.A., CASSA DI RISPARMIO DEL FRIULI - VENEZIA GIULIA S.P.A. AND...
UNICREDIT TIRIAC BANK S.A. ON THE FINANCING OF A RENEWABLE ENERGY BIOMASS PLANT IN ROMANIA