Spanish business law is a comprehensive legal framework that regulates commercial activities within Spain. Here’s an overview focusing on the Spanish Commercial Code and Corporate Governance Laws.
For anyone looking to do business in Spain, it’s crucial to have a good grasp of these laws and regulations. They ensure that business practices adhere to a set standard of regulations, promoting fairness and transparency. For detailed information or specific advice, consulting with a legal professional specialising in Spanish business law is recommended.
The Spanish Commercial Code is the primary regulatory framework for commercial activities and corporate conduct in Spain
• It covers a wide range of commercial activities, including business registrations, contractual obligations, and commercial disputes
• Understanding the Commercial Code is essential for foreign entrepreneurs operating in Spain
The Companies Law (Ley de Sociedades de Capital), approved by Royal Legislative Decree 1/2010, is the main legislative source regulating corporate governance practices.
• It includes provisions for the legal duties, liability regime, remuneration, appointment, and removal of directors; shareholders’ rights; and shareholders’ meetings
• The law has been amended to implement EU directives and to encourage long-term shareholder engagement
•In the event of a divorce, both parents retain parental rights unless decided otherwise by a judge.
• Joint custody is encouraged, but the welfare of the child is the paramount consideration.
• The Spanish National Securities Market Commission (CNMV) oversees the corporate governance of listed companies.
• The Securities Market Law regulates aspects such as transparency, disclosure, and tender offers for listed companies
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