On May 5th, 2010 the European Commission requested that Spain change its tax rules on inheritances and donations, since they impose a tax burden which in practice is always greater when the deceased or the heirs are non-resident members or when the inherited assets are abroad.
The increasing internationalization of economic activity and therefore of our society is causing a widespread outbreak of international issues in daily life and therefore also in the life of the local court proceedings.
There are different rules which apply depending on whether you are considering acquiring a property for personal or business use, or whether the property is old or new or is a listed building, or whether you are buying on your own or in joint ownership or even as a time share.
This article deals with the purchase of a residential property.
Spanish Government has approved the remission of the law project to reform the arbitration Law and the regulation of the institutional arbitration of General Administration of the State of 2003, to the legislative entity power.
We are sometimes faced with situations where we have a shared heritage with others for various reasons, for example, because of buying in common and undivided, because they inherited a property in common with others, because they were married under the matrimonial property regime and purchased goods during the marriage.
In case there is no chance of refinancing the debt of a corporation during times of crisis, the board of directors must initiate a bankruptcy proceeding.
We are going to focus on the duties of the directors of a corporation in a situation of bankruptcy. Directors of a corporation have a duty
The Congress has passed the draft of a new law regarding the modifications of the current bankruptcy proceedings law in Spain. The current law has been already modified by the Royal Decree 3/2009 dated March 27th, 2009 which established some urgent measures regarding tax and financial aspects of the bankruptcy proceedings.
Whether a foreign country recognizes a Spanish public document is an international legal issue. The international community addressed the issue of recognition of public documents in foreign countries with the Hague Convention of 5 October 1961 Abolishing the Requirement of Legalization for Foreign Public Documents (“Hague Convention of 1961”).
Nowadays, many companies are facing unpleasant situations where clients do not pay their services. First thing to do is to try to solve the conflict by sending a formal requirement: the ideal would be the so-called Burofax, a type of service provided by the Spanish post that certifies not only the dispatch, but also the content. As many other jurisdictions, Spanish judges appreciate if you try to solve the dispute out of court.
Lawyers working in international law oftentimes interpret, review, and advise their clients on contracts written by other international lawyers in foreign countries. Considering the great possibility for legal, linguistic, and cultural misinterpretations, it is important for international lawyers to become familiar with the types of contractual clauses that they see in such diverse contexts.