Spanish Law Applicable to Commercial Agents

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.

Bankruptcy proceedings and their possible effects on prior leveraged buy-out operations

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.

International Purchases. The question of which law applies

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.

Auf dem Kreuzzug (Wirtschaftswoche, August 2008)

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 Legal Guide

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.