As part of a series concerning the law applicable to commercial agents in the member states of the EU, the authors give an overview with especially practice-oriented information. The Spanish law applicable to commercial agents (“Ley sobre Contrato de Agencia – LCA”) is based on the commercial agents EC directive and is therefore similar to German law.
In recent years so-called “leveraged buy-outs” (LBO) have been very frequent in Spain. These operations are characterised by being acquisitions of a majority percentage of the share capital of a target company, this acquisition being financed via loans obtained from a third party which are guaranteed with the assets of the target company itself or are repaid by being charged to corporate assets and cash flows expected from the same.
The still recent Spanish Bankruptcy Law more fully examines the legal system regarding company managers’ liability. This new liability system serves to supplement the system already provided for in the Public Limited Company and Limited Liability Company Laws, as well as the Criminal Code, within the framework of corporate crime.
An important question which often arises during an international transaction is what law applies to a contract of sale between parties from different countries. Much too frequently, the parties to an international agreement fail to include what is known as a “choice of law” provision. The failure to include such a clause may result in unexpected problems to both parties, especially in the context of debt collection.
Thomas Müller kam 1980 zum ersten Mal nach La Gomera. Es war Liebe auf den ersten Blick. Dem heute 55-Jährigen gefiel es so gut, dass er dauerhaft bleiben wollte. Der Fotograf und Architekt kaufte in unmittelbarer Nähe der Küste eine alte Bananen-Verladestation aus dem Jahr 1890, renovierte sie und entwickelte die ehemalige Ruine über die Jahre schließlich zum Kulturzentrum „Castillo del Mar”. 500 Veranstaltungen hat Müller sei de Eröffnung 2002 auf die Kanareninsel gebracht. Dennoch: Die spanischen Behörden wollen ihn jetzt enteignen. Die Lage der historischen Immobilie verstoße gegen ein Küstengesetz aus dem Jahr 1988, nach dem bis zu 500 Meter vom Strand entfernt nicht gebaut werden darf. Ein Schlag ins Gesicht für Müller, der mehrere Millionen Euro in den von der Gemeinde autorisierten Umbau gesteckt hatte.
Denmark enjoys worldwide respect for its traditions and they influence every element of daily existence, but the Danes’ creative streak and sense of adventure ensure that they have an acute sense of which trends are worth following, both in the professional and every-day live.
In this article we explain the aspects of the purchase of property from a practical point of view in the United States.
In this article we explain the aspects of the purchase of property from a practical point of view in Italy.
In this article we explain the aspects of the purchase of property from a practical point of view in Liechtenstein.
In this article we explain the aspects of the purchase of property from a practical point of view in the U.K.