Spain

  • European Green Bonds are here and come with new post-issuance reporting standards

    The regulation establishing a standard for issuers using the designation 'European Green Bonds' (EuGB) is now in effect, but the legislative process is not yet complete: a new delegated regulation, currently under consultation, details all the post-issuance information that must be provided.

  • EU strengthens disclosure of ESG risks in credit institutions with new requirements

    Commission Implementing Regulation (EU) 2024/3172 introduces new obligations for credit institutions, which will have to disclose half-yearly information on environmental, social and governance (ESG) risks, as well as on the impacts of climate change. This regulation, applicable from January 2025, aims to improve transparency and consistency in prudential risk management.

  • EU strengthens sustainability in the insurance sector with new risk management obligations

    A new European directive introduces the concepts of "sustainability risk" and "sustainability factors" into the risk management of (re)insurers, obliging them to integrate them into their systems and strategic plans. It also relaxes disclosure requirements for small insurers.

  • Short-term accommodation rental services: how they have to comply with the new register and the digital entry point

    Royal Decree 1312/2024 establishes a new registration procedure for short-term leases and creates the single digital entry point (Ventanilla Unica Digital) for Leases. This regulation, which shall apply from 1ST July 2025, seeks to comply with European requirements and to address the impact of short-term rentals on the housing market, prices and the habitability of urban and tourist areas.

  • Spain: The new list of CNAE-2025 codes has been published, together with the deadlines for reporting them

    The National Classification of Economic Activities for the year 2025 has been updated and those responsible for the payment of Social Security contributions must comply with the reporting obligations.

  • The Spanish participation exemption on dividends and capital gains is a “full exemption” for the purposes of the Controlled Foreign Company regime

    According to the Directorate General of Taxes, exempt dividends and capital gains obtained by foreign holding companies do not have to be declared in Spain.

  • Ten possible changes in labor legislation expected by 2025

    2025 is set to be a key year for labor relations in Spain, as major reforms that have been in the pipeline in recent times are expected, for example the reduction of the working day or the Interns’ Statute.

  • Garrigues, leading M&A firm in 2024 in Spain: tops the rankings by deal count and value in 2024

    Fernando Vives is also the top lawyer by deal value according to data on the TTR platform. 

  • The Law on efficiency measures in the Public Justice Service restores the nullity of dismissal of workers with an on-demand working day

    In addition to a number of procedural amendments, the regulation - published in the Official State Gazette on 3 January 2025 - restores the nullity of dismissal for workers with an on-demand working day or who take five days' leave for illness or hospitalisation of a family member and clarifies the cases of termination of the contract due to non-payment or late payment.

  • Control of foreign investments in Spain: the transitional regime for investments made by EU and EFTA residents is extended until December 31, 2026

    Foreign investments in Spain carried out by residents of the European Union and the Spanish Free Trade Association will continue to be subject to the prior authorization regime established in Article 7 bis of Law 19/2003.