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THE SHORT-LIVED REFORM OF THE LEASE ACT

I. Introduction  Royal Decree-Law 21/2018 of 14th December    on urgent measures regarding housing and rent (“RD”) entered into force on 18th December 2018, but did not pass the validation procedure in the Plenary Session of the Congress of Deputies on 22nd  January 2019, as it was  repealed by agreement of the chamber. II. Measures introduced by the repealed regulation. During…

MEDIATION IN BUSINESS

The Spanish Government has recently published a draft bill of the Law to Boost Mediation. The future regulation would modify various laws and is aimed at initially subjecting certain conflicts to the mediation system as a form of resolving conflicts outside of judicial process and at the same time lightning the workload and the overloading of the courts. This formula…

A NEW CHANGE TO CONSOLIDATED ACCOUNTS – CONSOLIDATED NON-FINANCIAL INFORMATION STATEMENTS

Following the entering into force of law 11/2018 of 28th December, which modifies the Commercial Code, the Capital Companies Act and the Account Auditing Act, the new article 44 of the Commercial Code adds non-financial information statements to the documents making up the consolidated annual accounts. I. Affected companies The statement of non-financial information must be included in the consolidated…

NEW CHANGE TO SEPARATION RIGHTS IN THE ABSENCE OF DISTRIBUTION OF DIVIDENDS

Please refer to : PRICE FIXING IN EXCLUSIVE PETROL SUPPLY CONTRACTS UNDER A BRAND NAME. CASE LAW FROM THE SUPREME COURT DISTRIBUTION OF DIVIDENDS AND EXIT RIGHTS FOR COMPANY PARTNERS (II) Article 348 of the Spanish Capital Companies Act (“SCC”) was introduced in 2011, thus establishing the separation right of partners whenever dividends amounting to at least one third of…