Tighter Controls for Foreign Direct Investments in Spain

By means of a series of emergency decrees, which we explained in this article, the legislature significantly limited the original principle of liberal investment politics in Spain just before summer. Recently, new restrictions entered into force. In Royal Decree-Law 34/2020, of 17 November, effective 19 November, the Spanish government yet again tightened control mechanisms for foreign investment in Spain.

This entry was posted on 29 January 2021 by Nadja Vietz in Corporate and M&A.

Key Points of the New Extension of ERTEs in Spain

At the peak of the third wave, in which mainly the restaurant and trade sectors are again being hit hard by the restrictions imposed by the Autonomous Communities to try to contain the rapid expansion of the virus, and in light of the fact that currently there are more than 700,000 people in ERTEs (collective procedures for the temporary suspension of employment), the government and labour representatives/organisations passed the IV Labour Agreement in Defence of Employment on 19 January 2021.

This entry was posted on 27 January 2021 by Sonia Gumpert Melgosa in Labour.

Spain: 2021 Employment Calendar

In Spain and many other countries, the year 2020 will go down in history as one of the strangest years lived during the 21st century: it is a technologically advanced era, developed out of sheer necessity and put into practice with remote working. For much of the population, during the confinement caused by this worldwide pandemic, the workplace has come to occupy and share the physical space that is usually home. This is also occurring with vacation.

This entry was posted on 17 December 2020 by María José López in Accounting.

Forced Digitalisation in Spain: Are Consulting Firms and Agencies Prepared?

Over the past decade, Spanish companies have found themselves obligated to undergo a digital transformation if they do not want to be left behind in their respective sectors. This need for transformation began to seep into consulting firms and one-stop-shop agencies (so-called gestorías) in Spain, which are attempting to, little by little, digitalise their processes in order to optimise work and focus on offering value to their clients.

This entry was posted on 14 December 2020 by Judith Castro in Accounting.

Meetings and Assemblies May Still Be Held by Video or Teleconference during 2021 in Spain

Since its publication, Royal Decree-Law 8/2020 of 17 March (“RDL 8”) has undergone changes, extensions and clarifications, on occasion to shed light on confusing matters and on others to adapt the reality of company life to the so-called “new reality” as a consequence of the pandemic.

This entry was posted on 14 December 2020 by Christian Krause in Corporate and M&A.

Can Audit Reports Save Directors and Executives from Tax Liability in Spain?

In the context of scarce liquidity, it is not surprising that companies do not have the necessary means to pay the debts due during the course of a tax inspection, or directly cease their activity. It is in these scenarios where the liability of the directors, or members of the board of an entity, could enter into play. Let us recall that this liability is usually subsidiary, that is, the company previously declares itself insolvent due to failure to pay outstanding tax debts or penalties.

This entry was posted on 2 December 2020 by Gustavo Yanes in Tax.