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CASH CONTRIBUTIONS TO SPANISH COMPANIES MAY NOW BE PAID INTO A FOREIGN BANK ACCOUNT

One of the requirements for bringing a deed of incorporation of a Spanish company or the execution of an increase of share capital of an existing company into public before a notary is the full disbursement of the nominal value of the share capital (participations) for limited liability companies, and at least a quarter of the nominal value of the…

THE EU COMMISSION: NEW COPYRIGHT RULES FOR THE CULTURAL FUTURE OF EUROPE

In his speech on the State of the Union 2016, the President of the EU Commission stated the following: “I want journalists, publishers and authors to be paid fairly for their work, whether it is made in studios or living rooms, whether it is disseminated offline or online, whether it is published via a copying machine or commercially hyperlinked on…

CONDITIONS WHICH UNDERMINE THE RIGHT OF MINORITY SHAREHOLDERS TO CARRY OUT ACCOUNTING VERIFICATION

The resolution of the General Directorate of Registries and Notaries (Dirección General de los Registros y del Notariado – DGRN) dated 15th September 2016 looks into the question regarding whether it is possible to file the annual accounts of a company when a minority shareholder has exercised its right for the Commercial Registrar to designate an auditor to verify the…