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HOW TO FINANCE A COMPANY

  Often companies have financial difficulties or need financing for investments or business projects. In order to cover such financial requirements, one option is to look to the company partners. There are several different options available for company funding by its partners, which we sort from lower to higher enforceability, depending on whether such financing entails an increase in the…

MONEY LAUNDERING. IMPLEMENTATION OF DIRECTIVE 2015/849 TO THE SPANISH LEGISLATION

The Council of Ministers passed the Royal Decree-Law 11/2018 on 31st August 2018 for the adaptation of Spanish legislation to Directive 2015/849, which implies the modification of Money Laundering Act 10/2010. In substance, it deals with establishing new obligations in terms of licencing or a registry for service providers to companies. It also establishes harsher penalties for offences as well…

Registry cancellation of a mortgage of a property adjudicated in insolvency proceedings

Registries and Notaries (Dirección General de Registros y Notariado  – “DGRN”) dated 20th July 2018 clarified the legal requirements for the registry cancellation of a mortgage established on a property before the announcement of insolvency proceedings, wherein said property was adjudicated pursuant to the judicial auction held in accordance with the approved liquidation plan. The application for the cancellation of…

THE ECONOMIC AND STRATEGIC PARTNERSHIP AGREEMENTS BETWEEN THE EUROPEAN UNION AND JAPAN

On 24th August 2018 the Official Journal of the European Union published the decision of the Council of the European Union 2018/1197 on the signing of the Strategic Partnership Agreement between the European Union and Japan. According to Article 1 of the agreement, the objective of the agreement is to promote political and sectoral cooperation, to strengthen bilateral cooperation and…

PERSONAL DATA PROTECTION – PENALTY SYSTEM.

The council of ministers has passed Royal Decree-Law 5/2018 of 27th July regarding urgent measures for adapting Spanish Law to the European Union law regarding data protection. Said Royal Decree-Law entered into force on 31st July 2018. This regulation is aimed at bringing Spanish legislation in line with EU Regulation 2016/679 of the European Parliament and of the Council, of…