Spain is experiencing a strong growth in demand by foreign investors in the real estate sector. The lowering of prices during 2013 has made investment more attractive and has created a larger number of investors.
Following the approval of the Law of the Entrepreneur and Internationalization (the “Law”), many foreign nationals opt to acquire property in Spain with the objective of obtaining Spanish residence.
01/07/13
The downturn of home purchases in recent months is being remedied by the increased entry of investors from other countries in the market.
From the perspective of foreign firms and individuals, acquiring real-estate investments in Spain may be an interesting economic proposition given the circumstances, large number of available properties, and affordable prices.
To understand the so-called “pre-bankruptcy” process, consider the provisions of Article 5.1 of the Spanish Insolvency Law (“IL”). Under this Article, “The debtor must request the declaration of insolvency within two months from the date on which the debtor had become aware or should have been aware of its insolvency.”
The Spanish Labor Law has recently undergone some major changes. The current crisis and the subsequent executive effort to maintain competiveness in our economy have motivated the adoption of the Royal Decree Law 3/2012 of February 10, of urgent measures for reform of the labor market.
Franchise is a term, now incorporated into our vocabulary, to designate a new form of business. This business type is based on the transfer of a foreign-business model of transferring rights from the Franchisor to the Franchisee including the rights to the brand of the business, its distinctive signs, business models, industry secrets and other elements that characterize and make up the business.
Article 81 of the Treaty on the Functioning of the European Union establishes a legal basis for the development of judicial cooperation in cross border civil matters within the European Union. A first step in this process can be seen in the introduction of two specific procedures, the European Order for Payment Procedure and the European Small Claims Procedure. These procedures have been introduced in order to bring about a uniform procedure common to all Member States and to remove any barriers that exist in cross border debt collection.
Incoterms are trade terms arising from business practices whose scope is limited to the rights and obligations of sellers and buyers in sales contracts. They are not laws, but rules and recommendations which facilitate international commercial trade.
This article aims to explain the essential elements of jurisdiction and the law applicable to inheritance disputes. This article does not constitute legal advice. Rather, it is simply a brief guide to ease understanding of these complex matters.
