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Legal Developments in Spain
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SPANISH LEGAL ASPECTS OF THE TRADING OF NON-PERFORMING LOANS
Spain has recently been referred to as one of the "hottest" European countries in terms of debt sales, specifically of non-performing loans. This should not come as a surprise in a scenario in which independent audits as of June 2012 revealed a EUR 62 billion capital shortfall in Spanish banks and in which the Spanish rate of non-performing loans stayed above eight per cent of all loans. -
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.