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THE NEW REAL ESTATE MORTGAGE LAW

As from 16th June 2019, the new mortgage legislation will come into force, according to which, and in line with European directive 17/2014, the mortgage holder will be better protected and the mortgage creditor will have to take more precautions given the obligation to be informed about the solvency of the debtor (Article 12. Information concerning the solvency of the…

THE USE OF COMPANIES FOR THE PROVISION OF PROFESSIONAL SERVICES

Following the constant debate regarding the legality of the use of companies by taxpayers for paying tax on their earnings, the Spanish tax authorities have made a statement in this regard, in order to establish guidelines for said use. The Spanish tax authorities establish that indeed it is perfectly licit to provide professional services via a company. However, it will…

NEW TRADEMARK LEGISLATION

In Spain trademarks are understood to be “any mark capable of being represented graphically, which serves to distinguish on the market the goods or services of one company from those of other companies”. With the aim of moving more in line with European Directive 2015/2436 and in the absence of the approval of the respective regulations which develop these new…

LEGALISATION OF COMPANY CORPORATE BOOKS

Pursuant to Act 14/2013 of 27th September to support entrepreneurs and their internationalisation, and specifically on the basis of the interpretation given in this respect by the General Directorate of Notaries and Registries (the GDNR) of 12th February 2015, the obligation was introduced for all companies to legalise company corporate books by telematic means. This new obligation completely changed the…

FEWER REQUIREMENTS FOR PUBLIC DOCUMENTS BETWEEN EU COUNTRIES

On 16th February 2019, EU Regulation 2016/1191 (the “Regulation”) entered into force. Said Regulation is aimed at reducing bureaucracy  between the countries of the European Union. Specifically, the Regulation eliminates the need for obtaining the Hague Apostille and translating some public documents with the purpose of them taking effect in other countries of the European Union. Before this Regulation entered…