Publications - Corporate and M&A
2024: main new legislation needing to be considered by companies in Spain
Professionals in the various practice areas at Garrigues take a look, from all angles of business law, at the main new legislation that companies will face in the coming year.
EU: The Regulation allowing securitization bonds to be designated as European Green Bonds has been published
European Regulation 2023/2631, which will become applicable on December 21, 2024, envisages this option for securitization bonds, except in the case of bonds issued for synthetic securitization purposes.
Colombia: Companies must elaborate and file corporate sustainability reports that reveals the reality of their corporate practices
The Superintendence of Companies has issued administrative recommendations for the submission of corporate sustainability reports that certain entities must prepare.
The Government of Mexico obliges to give priority to passenger rail transport service on currently concessioned tracks to private parties for cargo transport
Companies holding concession titles will have until January 15, 2024 to submit viable proposals in terms of investment, construction time and modernization of these railroads to provide passenger transport services.
Peru: Indecopi approved 27 mergers in an average of 44 business days in the first two years of its merger control regime
A study by Garrigues and the Spanish Chamber of Commerce in Peru reports an update of the merger control regime, looking at legal and economic approaches to the law
Colombia: The chambers of commerce and foreign non-profit organizations will be required to adhere to self-regulation systems, transparency standards and principles of business ethics
A recent directive, released by the Superintendency of Companies, includes such organizations with a permanent presence in Colombia as obligated entities. Therefore, they are required to initiate the “SAGRILAFT” and “PTEE” programs by no later than…
The Government of Mexico calls to bid for the procurement of drilling services for geothermal wells in Baja California, Michoacán and Jalisco
The deadline to submit offers for the five wells located on the two parcels is October 16.
The EU Regulation on foreign subsidies that distort the internal market enters into application and its Implementing Regulation is adopted
The new regulation clarifies the rules, notification obligations and procedures related to the application of the new regulation on financial contributions granted by third states to companies operating in the EU.
Spain: Publication of the long-awaited royal decree on foreign investment implementing Law 19/2003
The new regulations in Spain, which enter into force on September 1, provide greater clarity and legal certainty to the rules governing foreign investments.
Spain: Approval of the reform on structural modifications to commercial companies
The reform in Spain, which repeals Law 3/2009 and makes numerous new additions to the provisions on structural modifications, will come into force on July 29, 2023.
ESG ratings: sustainability ratings move forward in tandem with credit ratings
Two analysts, one from a credit agency and another from a sustainability rating agency, analyze, together with Garrigues, the keys to assessing ESG factors at companies
Spain: Companies will now be able to carry out certain procedures with notaries and at registries without the signatory having to be physically present
Law 11/2023, published in the Official State Gazette on May 9, 2023, has adapted Spanish company law to the European directive on the use of digital tools and processes.