A debt liability action protects shareholder credit when there is a breach by the company director of his obligation to dissolve the company and there are legal grounds for dissolution. This is established in article 363 of Spanish Corporation Law, but it is only valid with regard to loans that are outstanding after the company… Continua a leggere Action of objective liability or debts due to non-compliance by the administrator
Autore: Jordi Alimany
Consumers obliged to pay tax for creating a mortgage document
The First Chamber of the Supreme Court has tipped the scales in favor of the banks in the struggle over who should assume pay the tax on the process of creating mortgage documents. According to the Supreme Court, the Stamp Duty Tax to be paid for creating mortgage documents must be paid by the client.… Continua a leggere Consumers obliged to pay tax for creating a mortgage document
Personal responsibility of the administrator for the social debts contracted after the concurrence of the cause of dissolution of the company
Liability for debts has always had a leading role in corporate litigation. Since its introduction in 1985, liability for debts has never been clearly defined, but from the outset it was seen as a powerful instrument of credit protection for the corporate creditor. Pursuant to article 367 of the Capital Companies Act, the managers of… Continua a leggere Personal responsibility of the administrator for the social debts contracted after the concurrence of the cause of dissolution of the company