COVID-19: DISSOLUTION AND LIQUIDATION OF COMPANIES

Following the enactment of Royal Decree Law 7/2020 of 12 March, which supports urgent measures to respond to the economic impact of COVID-19 and Royal Decree 463/2020 of 14 March, many small businesses have been forced to stop their activity at 100%. This post will give some guidelines on how to dissolve and liquidate a company. Carrying out this process…
COVID-19 AND ITS EFFECTS FROM A CORPORATE PERSPECTIVE

HOW WILL CORONAVIRUS AFFECT MY BUSINESS?

Although there are many unknowns about the effects that coronavirus can have, the world’s business. Companies have begun painting a bleak picture of broken supply chains, disrupted manufacturing, closed stores. Our intention, however, is to look at how a company can be kept alive despite this global health crisis. From a corporate perspective; What are coronavirus effects on business? It…
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Government aid for Companies

From Monday, March 16th, the State of Alarm came into effect in Spain due to the coronavirus sanitary crisis. As a result, the Spanish economy is going to be strongly affected and therefore the Spanish Government has approved the Royal Decree 8/2020 of extraordinary urgent measures to face the economic and social impact of the COVID-19. With this regulation, the…

Setting-up a company with a know-how as a non-monetary contribution is confirmed?

When a company is incorporated -regardless of whether it is a Limited Liability Company or a Joint-Stock Company- assets must be contributed to as its share capital. This contribution can consist of money (monetary contribution) or other goods and/or economic rights, different from money (non-monetary contribution). According to article 58 of the Spanish Corporations Law, the goods or rights consisting…

The Impact of Brexit on Commercial Agreements

The Brexit has finally happened, but without any agreement its consequences are still unclears. How could you be prepared to the effect on trade relations between the UK and the EU State Members before the adoption of the future deal ? As an entrepreneur you must be aware of any scenarios such as: the significant increase of the cost of…

Business Activity Residence Permit Renewal

  After the expiration of the initial one year, it is necessary to apply for the Business Activity Residence Permit Renewal. The renewal is valid for two years, and has to be requested at the competent authority. In some autonomous communities, the application will have to be presented at the regional government authorities, and in some others, at the central…

Smart Contracts in Spain: Concept & Legal Implications

What is a Smart Contracts in Spain? and what legal implications should you be aware of? With new technologies increasingly evolving and gaining ever more importance in modern society, the so-called smart contract - a by-product of the blockchain revolution -  is said to have the potential of radically transforming our social and economic structures. However, although potentially offering many…
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GDPR and Whistleblower Law In Spain

When it comes to GDPR compliance, the Council of the European Union is determined to implement a Directive against public and private corruption based. First, it obliges companies, administrations and public entities to implement internal procedures for the reception and study of reports of irregularities.  WHISTLEBLOWERS   Whistle-blowers are people speaking up when they encounter, in the context of their work,…
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Setting up a Company Online in Spain

Setting up a company online in Spain and the EU will be possible from 2021! The European Parliament and of the Council of 20 June 2019, has amended the directive decree in regards the utilization of digital instruments and processes in the field of company law. What is the purpose of this amend? The purpose of this new directive is…

Importing And Selling To The EU After Brexit

Do you own a British company that imports and sells goods to the European Union? Are you worried about the after Brexit consequences for your business? It is known that Brexit will take place in January 2020 and the fact that The United Kingdom exits the European Union will have many effects in the market. In this summary we propose…