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J&A Garrigues SLP

HERMOSILLA 3, 28001 MADRID, SPAIN
Tel:
Work +34 91 514 5200
Fax:
Fax +34 91 399 2408
Email:
Web:
www.garrigues.com

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Legal Developments by:
Garrigues

  • 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

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