Although nowadays the concept of “immigration” is mainly used to refer to people, it can also be applied to companies. Any company incorporated both in a member country of the European Union or in some other foreign country can immigrate to Spain without losing its legal personality. This type of operation is called international transfer… Continua a leggere Immigration of foreign companies to Spain
Categoria: Commercial
Virtual Shareholders` Meetings: from temporary to permanent measure
During the previous year 2021, the transitional provisions of virtual shareholders` meetings were in force, which were adopted as a consequence of the restrictions caused by Covid-19. Under the said provisions, companies could hold virtual meetings even though their bylaws did not provide for them. We discussed this subject in detail in one of our… Continua a leggere Virtual Shareholders` Meetings: from temporary to permanent measure
Telematic shareholders’ meetings in 2021
Telematic shareholders` meetings were legally allowed to all capital companies for the first time in March 2020, as one of the urgent and exceptional measures adopted in view of the restrictions caused by Covid-19. These types of meetings have streamlined and facilitated corporate life, so it seems they have come to stay. Proof of this… Continua a leggere Telematic shareholders’ meetings in 2021
Coronavirus, contracts and doctrine rebus sic stantibus
Dizzy and relentless spread of COVID-19 has given rise to the measures taken by the Government increasingly restricting a person’s freedom of movement. The above is aimed at smoothing the infection curve and preventing in such way our battered health system from becoming overloaded. The last of such restrictive measures, which has been announced this… Continua a leggere Coronavirus, contracts and doctrine rebus sic stantibus
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… Continua a leggere Extraordinary measures of corporate law approved by the Spanish Government due to Covid-19
Importance of filing the Annual Accounts and measures to prevent registry closure
The administrators of all companies in Spain are required each year to file the Annual Accounts at the Commercial Registry within the month following their approval. This financial information then becomes publicly available and will be kept for a period of six years, so that any third party may request and obtain a copy of… Continua a leggere Importance of filing the Annual Accounts and measures to prevent registry closure