Spanish companies are obliged to wind-up under certain circumstances, which are covered by article 363 of the Spanish Capital Companies Act. Said circumstances are as follows: A company must be wound up: a) In the event of ceasing to engage in the activity or activities which constitute the corporate purpose. In particular, the cease of activities shall be deemed to…
The proposal of the Directive of the European Parliament and of the Council regarding copyright in the European digital market was finally approved just last week on 12th September 2018, having been initially rejected in July of this year. As the very name indicates, this new directive shall regulate the use of copyright in internet, establishing a system of licences and…
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…
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…