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BRANCHES IN SPAIN – ANNUAL ACCOUNTS.

In Spain, the legal concept of a branch is defined in article 295 of the Commercial Registry Regulation (hereinafter referred to as the “Regulation”) as follows: “a branch shall be understood as any secondary establishment with permanent representation and a degree of management autonomy through which the activities of the company are carried out, wholly or in part.” Unlike permanent…

NEW EU REGULATION FOR DATA PROTECTION

The technological changes taking place during the last few years have made it necessary for the European Parliament and Council to update European legislation for the protection of data given the existence of ever greater risks. This legislative update has given rise to the General Data Protection Regulation (hereinafter referred to the “Regulation”). The Regulation shall be automatically applied as…

CALL OF THE GENERAL MEETING – ANNULMENT

When the general meeting is not constituted as a universal meeting, the summons must be carried out as set forth in Law or the company by laws so that the constitution of the meeting is deemed valid. Specifically, article 173 of the Capital Companies Act (Ley de Sociedades de Capital – LSC), before including the obligation to publish the summons…

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…