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THE INTERNATIONAL CHAMBER OF COMMERCE (ICC) – NEW EXPIDITED ARBITRATION PROCEDURE

  1. Introduction: new expedited arbitration procedure under the Rules of Arbitration of the ICC https://cdn.iccwbo.org/content/uploads/sites/3/2017/01/ICC-2017-Arbitration-and-2014-Mediation-Rules-English-version.pdf A new version of the Rules of Arbitration of the ICC 2012 entered into force on 1st March 2017, which are directly applicable to all arbitration agreements concluded after said date. The most relevant amendments of the Rules following this express reform include the…

A GOOD MOMENT TO INVEST IN SPAIN AND JAPAN

The negotiations of the free trade agreement (FTA) to be signed between Japan and the European Union are going full speed ahead. After the outright refusal of Donald Trump to sign the Trans-Pacific Partnership Agreement, the Japanese government seems to have resolved to speed up the negotiations and sign an agreement which will certainly promote economic and cultural exchanges between…

SETTLEMENT OF CREDITS. EUROPEAN ACCOUNT PRESERVATION ORDER.

Regulation 655/2014 of the European Parliament and Council of 15th May 2014, which establishes the procedure for European Account Preservation Order to facilitate cross-border debt recovery, has started to become applicable since 18th January 2017. This rule allows creditors to request from jurisdictional bodies the issue of preservation orders on current accounts of defaulting debtors open in countries of the…

COURT MODERATION REGARDING THE JOINT RESPONSIBILITY OF DIRECTORS

Article 363 of the Capital Companies Act (hereinafter ‘LSC’ – Ley de Sociedades de Capital) establishes that companies must be dissolved in the following instances: due to the cease in the pursuit of the activity constituting the corporate object for at least one year, due to the conclusion of the company which constitutes its corporate object, due to the impossibility…