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The Criminal Liability of Legal Persons: Highly Important New Developments in the Offing
22 May 2013
Publication
On 3 April 2013, the Government sent the Council of State the text of the Draft Bill of the Basic Law amending Basic Law 10/1995, of 23 November, on the Criminal Code so that the latter can prepare its mandatory report, meaning that the Law may be enacted within...
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La Responsabilidad Penal de las Personas Jurídicas: Importantísimas Novedades que se avecinan
22 May 2013
Publication
Con fecha 3 de abril de 2013, el gobierno ha remitido al Consejo de Estado, para su preceptivo informe, el texto de un Anteproyecto de Ley Orgánica por la que se modifica la Ley Orgánica 10/1995, de 23 de noviembre, del Código Penal y que,...
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ECJ rules that outsourced investment advisory services are exempt from VAT
8 April 2013
Publication
On 7 March 2013, the European Union Court of Justice (the "ECJ") released its decision in GfBk Gesellschaft für Börsenkommunikation mbH v. Finanzamt Bayreuth (C-275/11). The case concerned the VAT treatment of certain outsourced investment...
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Requirements for the listing of Spanish Real Estate Investment Trusts on the Alternative Investment Market and differences with the Stock Exchange
15 March 2013
Publication
One of the mains changes to the new regulation on Spanish Real Estate Investment Trusts or REITs, pursuant to amendments made by virtue of Law 16/2012 to Law 11/2009 governing such companies, consists of allowing the REITs to list their shares not only on regulated...
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Requisitos para la cotización de las SOCIMIs en el Mercado Alternativo Bursátil (MAB) y diferencias con la Bolsa
15 March 2013
Publication
Una de las principales novedades de la nueva regulación de las Sociedades Cotizadas de Inversión en el Mercado Inmobiliario o SCIMIs, tras los cambios introducidos por la Ley 16/2012 en la Ley 11/2009 reguladora de estas sociedades, consiste en...
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Environment Newsletter - Spring 2013
14 March 2013
Publication
This edition of the Global Environment Newsletter takes a look at how Non-Governmental Organisations (NGOs) impact on project permitting, and other environmental regulatory, decisions in 10 jurisdictions: Australia, Belgium, The Czech Republic, Germany, Italy,...
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Access by non-listed Spanish companies to the bond market
25 February 2013
Publication
Traditionally, non-listed Spanish companies have not had access to the bond market as a consequence, amongst other reasons, of the limitation imposed by article 405 of the Spanish Companies Law (Ley de sociedades de capital). Royal Decree-law 4/2013 removes,...
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Acceso por sociedades no cotizadas al mercado de bonos
25 February 2013
Publication
Tradicionalmente las sociedades españolas no cotizadas no han podido acceder al mercado de bonos como consecuencia de, entre otras causas, la limitación impuesta en el artículo 405 de la Ley de Sociedades de Capital. El Real Decreto-Ley 4/2013...
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Royal Decree-Law 2/2013, of 1 February, on urgent measures in the electric system and in the financial sector. Chapter I: Adjustments to certain costs in the electric sector
5 February 2013
Publication
The method of CPI-linked updating of remuneration applicable to the sale of electricity by installations falling under the special regime changes.
The reference premium for electricity generation installations falling under the
special regime which...
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Real Decreto-Ley 2/2013, de 1 de febrero, de medidas urgentes en el sistema eléctrico y en el sector financiero. Capítulo I: Ajustes en determinados costes del sector eléctrico
5 February 2013
Publication
Se modifica el método de actualización de las retribuciones del sistema eléctrico vinculadas al IPC.
Se suprime la prima de referencia para instalaciones de energía eléctrica en régimen especial que hayan...