Author: Anna Iatsel

Extraordinary measures of corporate law approved by the Spanish Government due to Covid-19

As the consequence of declaration of the state of alarm in Spain due to Covid-19, and with the purposes of mitigating a negative impact on functioning of Spanish companies, the Spanish Government has approved a range of extraordinary measures. They are set out in a Royal Decree-law 8/2020, of 17 March, on Urgent and extraordinary… Continue reading Extraordinary measures of corporate law approved by the Spanish Government due to Covid-19

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Categorized as Commercial

Compensation for the commercial agent after the termination of the contract

The agency contract is one of those types of contracts that are governed by the mandatory rules of the law. Specifically, Agency Contract Law 12/1992, of May 27, is applicable. This law not only determines the contractual relations between the company and the agent during the duration of the contract, but also foresees the consequences… Continue reading Compensation for the commercial agent after the termination of the contract

Letter of Intent, the starting point of your negotiations

Transactions such as the sale of companies, stocks and shares, mergers, acquisitions, etc. require substantial investment in terms of time and resources for them to be completed successfully. Before signing the corresponding contract, the parties need to ensure that this investment and negotiations are fruitful. One of the most appropriate instruments for this purpose is… Continue reading Letter of Intent, the starting point of your negotiations

Is it necessary to sign a contract with a Managing Director if he carries out his executive functions free of charge?

When a Managing Director (MD) is appointed onto a Board of Directors, the company is obliged to enter into a contract with him according to article 249.3 of Royal Legislative Decree 1/2010, of July 2, which implements the Corporate Enterprise Act (CEA). The CEA expressly mentions that the contract must include all details of the… Continue reading Is it necessary to sign a contract with a Managing Director if he carries out his executive functions free of charge?

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Categorized as Commercial