ESPAÑOL | ENGLISH | DEUTSCH | 日本語 |

1 of 1 Pages

POWER CONSUMPTION AUDITS

On 13 February 2016 the Spanish Official Gazette (BOE) published the Royal Decree 56/2016 transposing Directive 2012/27/UE of the European Parliament and the Council, of 25 October 2012, on energy efficiency as regards energy audits, the accreditation of service suppliers and energy auditors, and the promotion of efficiency in the supply of energy (hereinafter, “Royal Decree 56/2016). Said regulation should…

RECOVERY OF THE “SAFE HARBOUR” IN THE UNTED STATES

NEW FRAMEWORK On 2 February 2016, the European Commission issued a press release announcing that they had reached a consensus with the US Government in order to establish a new framework for personal data exchange. Said new framework has been named “EU-US Privacy Shield” and, according to said press release, it aims to meet the requirements mentioned in the judgement…

CREDITS AGAINST THE ESTATE UNDER COMPULSORY TERMINATION OF INVOLVENCY PROCEEDINGS DUE TO INSUFICIENCY OF ASSETS

The subject matter of this analysis concerns the rules of payment priority of credits against the estate within the insolvency proceedings, whenever the net worth of the insolvent company is considered not enough to face the existing credits against the estate of the insolvent company. Under such circumstances, art. 176 bis of the Spanish Insolvency Act (IA) provides that the…

NEW MODEL FORMS OF NOTIFICATION FOR SIGNIFICANT SHAREHOLDERS, DIRECTORS AND EXECUTIVES AND THEIR CLOSE TIES, AND ISSUER’S OPERATIONS ON OWN SHARES

On 29th January 2016, the Spanish National Stock Market Commission (“CNMV”) published the circular 8/2015, of 22nd December, by which the model forms of notification for majority shareholders, directors and executives and their close connections, and issuer’s operations on own shares are approved (“Circular”). Said Circular derogates circular 2/2007, of 19th December, of the CNMV, by which the model forms…