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«DRAG ALONG» CLAUSES – DO THEY MEAN AN ENHANCED MAJORITY OR UNANIMITY?

I. Introduction In this article, we shall provide a general  outline of the recent Resolution of the General Directorate of Registers and Notaries (Dirección General de Registro y Notariado – DGRN) of 4th December 2017, regarding the statutory modification of the company share transfer system for limited liability companies, in the context of establishing drag along rights. II. Drag along rights.…

THE OBLIGATION OF INCORPORATED COMPANIES TO DISCLOSE NON-FINANCIAL INFORMATION.

European Directive 2014/95/UE of the European Parliament and of the Council, of 22nd October 2014, which modified Directive 2013/34/UE, imposed the obligation to divulge non-financial information and information regarding diversity upon certain large companies and groups of companies. The objective of this modification was to “identify the risks to improve sustainability and increase investor, consumer and company confidence in general”.…

NEW REGULATIONS FOR DRONES IN SPAIN

Following the worldwide increase in drones, the sector found itself in need of legislation to regulate, among other things, their use and security. The problem lies in the industry being far more advanced than the existing regulations. It is worth noting that 3,000 new companies have been set up in this sector in three years, and that, accordingly, the preceding…