ESPAÑOL | ENGLISH | DEUTSCH | 日本語 |

1 of 2 Pages

DRAFT BILL ON THE REFORM OF CONSUMER PROTECTION RIGHTS

INTRODUCTION On 11th October 2013, the Spanish Government passed the draft bill of the regulatory framework in this area, pursuant to European Directive 83 of 2011. It is intended that this reform increases consumer rights when making purchases outside of a commercial establishment, that is to say by internet or telephone. MODIFICATIONS The main modifications of this reform affect the following…

SUCCESIVE FORMATION LIMITED LIABILITY COMPANY

INTRODUCTION The regulation of the new successive formation limited liability company is one of the most important commercial changes to come from the Entrepreneurs Act 14/2013 of September 27, 2013. LEGAL SCOPE Regulation of this type of company is introduced by the incorporation of Article 4bis, and the modification of Articles 4, 5 and 23 of the revised Capital Companies…

LIMITED LIABILITY ENTREPRENEUR

I.- Introduction. The new Law 14/2013 for supporting entrepreneurs and their internationalisation, which was passed by the Spanish Parliament, and published in the Official State Gazette on the 28 September 2013, introduces a new legal concept: the Limited Liability Entrepreneur (hereinafter, referred to as “ERL” after its initials in Spanish). Individual entrepreneurs undertaking this condition may limit their liability for…

ELECTRONIC POWER OF ATTORNEY

Article 40 of the Entrepreneurs Act, which came into force on 30th September 2013, introduces a significant change in the ambit of powers of attorney that are registrable with the Companies Registry. Functioning Up until now, in order to concede this kind of power of attorney, a public deed granted before a notary public was a requirement. Said deed was afterwards…