Mercantil

  • New forms approved for filing financial statements at the commercial registry

    Order JUS/319/2018, of March 21, approving the new forms for filing at the commercial registry the financial statements of the parties required to publish them was published on March 27.

  • Project bonds made simpler in Spain

    It’s now easier than ever to finance a project in Spain through a bond issue. The reforms introduced in recent years to the Capital Companies Law and the Securities Market Law, coupled with the approval of the Business Financing Law, have made it easier for sponsors to finance or refinance their projects from Spanish companies. The stage is now set for us to see an exponential increase in the number of project bond issues in the country.  

  • The Supreme Court makes an unexpected change to the legal treatment of executive directors’ compensation

    In its judgment of February 26, 2018, the Supreme Court modified the interpretation given by most experts and authorities and by the Directorate-General of Registries and the Notarial Profession in its decision dated June 17, 2016, ratified by the Barcelona Provincial Appellate Court in its decision 295/2017 of June 30, 2017, on the regulation of executive directors’ compensation.

  • Countdown to the General Data Protection Regulation (GDPR)

    On May 25 2016, the General Data Protection Regulation (GDPR) became mandatory, having been published in the Official Journal of the European Union three weeks earlier. The regulation established a term of two years within which members states and businesses could adapt to the new regulation and prepare for its compulsory application by 25 May 2018.

  • Will the General Data Protection Regulation make business cards a thing of the past?

    It is believed that business cards, such a 20th century phenomenon, were first used in China back in the 15th century and that they had reached Europe by the 17th century. Despite their antiquity, they nevertheless continue to play an important role in the business world. Cards are still a simple, easy, rapid and inexpensive way for professionals to exchange their contact details. However, and despite the fact that business cards have endured for over 6 centuries, we raise the question: Could their days be counted from 25 May 2018 when it will be compulsory to comply with the terms of the RGPD?

  • Can the stand-in of a board of directors give the power to a third party?

    Ignacio Londoño, partner of Garrigues Colombia ('Asuntos Legales'). CONTENT IN SPANISH

  • Royal Decree 2/2018 endows football with the tools to aid in fostering and promoting sports

    The middle of January was marked by the entry into force of Royal Decree 2/2018, of January 12, 2018, implementing the obligation of professional football clubs to aid in developing sports, as envisaged in article 6 of Royal Decree-Law 5/2015, on the obligations of the clubs participating in the National Championship League to aid in developing and fostering sports.

  • Garrigues bolsters practice in Peru with the addition of four experts in corporate and finance law

    The Garrigues team in Peru has bolstered its practice with the addition of four specialists in corporate and finance law from Estudio Rubio. This group of lawyers, led by Oscar Arrús, also comprises Sergio Amiel, Thomas Thorndike and José Francisco Meier. These four professionals, renowned in the Peruvian legal market, will form part of a team headed by the Spanish partner Álvaro Valle which is already comprised of fifteen lawyers who cover the key business law areas (M&A, corporate, finance, tax, public/infrastructure law and labor law).