Publications - Corporate and M&A
Corporate Governance within National Reform Program approved by Spanish Government
On Friday, April 26 the Spanish Council of Ministers approved the submission of the 2013 National Reform Program and the 2013-2016 Spain Stability Program update to the European Union and the European Commission. As indicated in the reference from…
EU Parliament approved on April 16 new capital requirements for banks and limits to variable remuneration
The EU Parliament approved on April 16, 2013 an important legislative package that imposes more demanding capital requirements for banks with the intention of facilitating the credit flow to the real economy and of reinforcing the sector in dealing…
Corporate updates 5-2013
ROYAL DECREE 256/2013, OF APRIL 12, 2013, INCORPORATING THE CRITERIA OF THE EUROPEAN BANKING AUTHORITY OF NOVEMBER 22, 2012 ON THE ASSESSMENT OF THE SUITABILITY OF MEMBERS OF THE MANAGEMENT BODY AND KEY FUNCTION HOLDERS INTO THE LEGISLATION ON…
SOCIMI: A true Spanish REIT!
Spain launched a very particular type of REIT in 2009, the SOCIMI (“Sociedades Cotizadas de Inversión en el Mercado Inmobiliario” or “Listed Corporations for Investment in the Real Estate Market”), with a tax regime that was very different from any…
CNMV approves annual action plan on corporate governance for 2013
The CNMV has released an action plan on corporate governance for 2013, aimed at increasing market transparency, for which changes are charted in the registration system for notifications and their public disclosure.
Protection for holders of savings and investment products
Last Saturday, the Official State Gazette published Royal Decree-Law 6/2013, of March 22, 2013, on protection for holders of certain savings and investment products and other financial measures.
Corporate Updates 4-2013
UPDATES CORPORATE 4/2013 ROYAL DECREE-LAW 6/2013, OF MARCH 22, 2013, ON PROTECTION FOR HOLDERS OF CERTAIN SAVINGS AND INVESTMENT PRODUCTS AND OTHER FINANCIAL MEASURES
Order passed on corporate governance rules
Last Saturday, the Official State Gazette published Order ECC/461/2013, of March 20, 2013 determining the content and structure of the annual corporate governance reports, of the annual remuneration reports and of the other disclosure instruments of…
Circular 2/2013 of the MAB (the Spanish alternative investment market) on the regime applicable to SOCIMIs (listed corporations for investment in the real estate market)
As we reported in our Corporate-Tax Updates 1/2012 publication summarizing the key elements of Law 16/2012, of December 27, 2012 (Tax Measures Law) on the special regime for SOCIMIs aimed at boosting this sector, one of the most important new pieces…
Corporate/Tax Updates 1-2013
CIRCULAR 2/2013 OF THE MAB (THE SPANISH ALTERNATIVE INVESTMENT MARKET) ON THE REGIME APPLICABLE TO SOCIMIs (SPANISH REITs)
Financial sector bonuses to be capped
Last week the Economic Affairs Committee of the European Parliament, the European Council and the European Commission reached an initial political agreement to place stricter rules on financial sector remuneration.
MEASURES TO SUPPORT ENTREPRENEURS, STIMULATE GROWTH AND CREATE EMPLOYMENT
Royal Decree-Law 3/2013 on measures to support entrepreneurs and create employment, and other measures contained in Royal Decree-Law 4/2013