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Clifford Chance

Clifford Chance


Spain: changes in the regime on takeover bids following the LMVSI

31 March 2023

The new Spanish Act 6/2023 on Securities Markets and Investment Services (Ley de los Mercados de Valores y de los Servicios de Inversión, "LMVSI", which enters into force on April 7) does not contain any substantial amendments to the legislation currently in force in Spain on takeover bids, which remains virtually unchanged. But apart from some minor changes, there are others that will have a somewhat greater impact.

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