Last month we discussed about the main features of the new Spanish Coastal Law and its impact on the environment and the legal status of real estate close to the sea. This month we continue our analysis of the issues related to the details of this Directive.
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 Royal Decree 235/2013, of 5 April, has just come into force. It approves the basic procedure for the certification of energy efficiency of buildings.
Buying real estate is always an important decision because it involves a significant investment. Thus, you should always think about the consequences and know exactly what you risk in your case.
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.
Spanish Royal Decree 1558/ 2012, published on 15 November 2012 introduces new reporting requirements for taxpayers residing in Spain: they should declare to the Spanish State tax authority rights and property, such as real estate, bank accounts, stocks, bonds and insurances, held or managed abroad.
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.
