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ANCILLARY OBLIGATIONS AND FAMILY PROTOCOL

Article 86.1 of the Spanish Capital companies Act (Ley de Sociedades de Capital – “LSC”) establishes that Spanish companies may establish accessory obligations other than contributions. In the case object of the recent resolution issued by the General Directorate of Registries and Notaries (Dirección General de Registros y Notariado  – “DGRN”) dated 26th June 2018, the partners of a limited…

REGISTRATION OF SHAREHOLDERS’ AGREEMENTS AND FAILURE TO DEPOSIT ANNUAL ACCOUNTS

The recent resolution from the Directorate General of Registries and Notaries (hereinafter, the “DGRN”) of June 11th 2018, decided on the case in which a limited liability company tried to register a public deed which filed agreements made at the general shareholders’ meeting, deciding to (i) accept the resignation of two joint directors, (ii) change the administration system and (iii)…

The regulation of Virtual Financial Assets (“VFA”) – the “Malta Route”

On 26th June 2018 Malta passed a package of three rules aimed at regulating blockchain technology on a global basis, ranging from the launch of ICOs (Initial Coin Offerings) to cryptocurrency exchanges. It could be said that giving a legal framework to blockchain technology and the economic ecosystem that surrounds it is a pioneering initiative. The objective is to build…