Dissolution and winding-up of a company in Spain

To sum up, companies that suffer from patrimonial imbalances and/or situations of insolvency can either reach agreements with their creditors (partners or third parties) in order to guarantee the viability and the survival of the business or, if they default, put an end to the corporate activities and proceed to the adequate dissolution and winding-up of the company.

Counting Leave in Spain and France

Last May, the Spanish Supreme Court overturned a Court of Appeals ruling on a dispute between Air France and one of its part-time employees regarding the counting of the employee’s paid leave (Cass. Soc., 12 May 2015, No. 14-10.509). The subject of paid leave, an irrefutable right, is not always clear to both employees and employers.