I. INTRODUCTION Through application of the Directive 2013/34/EU, the “comply or explain” principle was introduced in the European Union. Subject to this principle, the companies, which are obliged to comply a company governance code, should comply such code or explain the reasons why they eventually fail to comply such code. II. RECOMMENDATION The Recommendation published on the 9th of April of…
I. INTRODUCTION Following the application of the Directive 2013/34/EU, the “comply or explain” principle was introduced in the European Union. Subject to this principle, the companies, which are obliged to comply with a company governance code, should comply with such code or explain the reasons why they eventually fail to comply with such code. II. RECOMMENDATION The Recommendation published on…
INTRODUCTION As a necessary premise to this article, we should recall that Act 13/2010 on measures in the business ambit established, for the first time in Spain, a legal framework for what are known as quick formation companies. Following the passing of Royal Decree-Law 14/2013 to support entrepreneurs and their internationalisation, said legal framework was revoked and substituted by a…