The Legal 500

Legal Developments in Spain

• 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.
  - Adarve Corporación Jurídica

• 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.
  - Claeys & Engels, member of Ius Laboris

• RIVERO & GUSTAFSON ABOGADOS September Newsletter

  Commercial
  - Rivero & Gustafson Abogados

• COLLECTIVE BARGAINING AGREEMENT AND COLLECTIVE BARGAINING

  Urgent Measures for the reform of collective bargaining. 
  - Rivero & Gustafson Abogados

• Newsletter May 2011

  Commercial …………………………. Strengthening Financial System Law on a Sustainable Economy
  - Rivero & Gustafson Abogados

• 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.
  - Rivero & Gustafson Abogados

• 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. 
  - PEREZ-LLORCA

• Special Labor Reform Newsletter

  LAW 35/2010, OF SEPTEMBER 17, ON URGENT MEASURESFOR THE REFORM OF THE LABOR MARKET 
  - Rivero & Gustafson Abogados

• CHANGES IN THE REGIME GOVERNING RESTRICTIONS ON VOTING RIGHTS AT SPANISH LISTED COMPANIES

  On June 17, 2010, following a rough and eventful passage through Parliament, the Lower House of the Spanish Parliament finally approved a transcendental amendment to the Spanish Corporations Law (to article 105.2) affecting only listed corporations: a prohibition on voting ceilings for a same shareholder (or companies in the same group), regardless of the number of shares they own. 
  - Garrigues

• REORGANIZATIONS OF BIOTECH FIRMS

  In spite of the M&A downturn both globally and in the healthcare industry in particular, 2008 saw a twofold increase in the volume of deals involving biotech firms. Judging from the news that emerged during 2009 and in light of recent surveys, this trend looks set to continue and the outlook is undoubtedly rosy, above all in pharmaceutical R&D. 
  - Garrigues