Spain

News & Analysis as of

Bill Of Law Enables Banks’ T3 Or Senior Subordinated Notes In Spain

In the process of implementation of the Bank Recovery and Resolution Directive (BRRD) in Spain, the draft bill is proposing a change in the ranking of claims which will enable Spanish banks to issue the so-called senior...more

Amendments to Spanish Corporate Laws Add Flexibility to Bond Issuances by Spanish Companies

New rules relax certain structural and procedural legal restrictions, helping Spanish companies access debt capital markets. On 27 April 2015, the Spanish parliament passed Law 5/2015, of 27 April, of corporate finance...more

Spain: National Court suspends the strike of La Liga

The Spanish National Court has ruled in favour of the Spanish Football League (LFP), and suspended the proposed strike called by the Spanish Football Players’ Union for the final two rounds of the Spanish top-tier football...more

SPAIN: On 2 June 2015 operators will finally obtain their new online licenses

The DGOJ (Spanish General Directorate for the Regulation of Gaming Activities) has announced through its website that on 2 June 2015 the decision in connection with the granting of gambling licenses will be published....more

Changes To The Securitisation Regime In Spain Under Law 5/2015

Law 5/2015, dated 27 April, for the promotion of business financing (Law 5/2015), has introduced important changes in the legal regime of securitisation in Spain....more

Spain: TV rights dispute threatens La Liga

Spain’s Football Federation has recently suspended the Spanish league and cup matches from this weekend onwards in protest of the recent law on the collective sale of television rights and the distribution of revenue, Royal...more

Another Step Towards the Implementation of the “Unitary Patent Package”

The Court of Justice of the European Union on 5 May 2015, in cases C-146/13 and C-147/13, has followed Advocate General Yves Bot’s opinion and dismissed, as expected, the Kingdom of Spain’s actions against the Regulations...more

EU Rejects the Spanish Challenge to the Unified Patent Court

Today, the Court of Justice of the European Union issued its judgment, finally rejecting the "Spanish Challenge" to the Unitary Patent system (part of the Unified Patent Package, which includes the Unitary Patent Regulation,...more

March Bribery Digest – Beyond FCPA Compliance

Today’s bribery digest is a little bit different than our past versions – rather than focusing specifically on FCPA compliance and enforcements, we’re taking a look at bribery news around the world. We’ve got a story from...more

Spain: Guidelines for biennial audits

The DGOJ (Spanish General Directorate for the Regulation of Gaming Activities) has published today through its website the Guidelines on the biennial audit for online licensed operators’ technical systems. Note that this will...more

Draft Spanish Royal Decree on gambling advertising activities

Yesterday the Spanish Gambling Authorities (Dirección General de Ordenación el Juego– “DGOJ”) published the draft version of the Royal Decree on gambling advertising activities. ...more

Act 31/2004, Amending The Companies Act (“Ley De Sociedades De Capital”) - Improvement of Corporate Governance

Act 31/2014, of 3 December, amending the Capital Companies Act for the improvement of corporate governance, as published in the Official State Gazette (BOE) of 4 December 2014, has introduced significant changes in Spanish...more

Spain: €13 Million to Promote 27 Smart Cities

The Spanish Ministry of Industry, Energy and Tourism will finance up to 80% of 13 projects linked to the development of smart cities, from which 27 Spanish cities are expected to benefit....more

Spain: The Senate promotes the regulations of online gaming advertising

The long awaited Spanish Regulation on Responsible Advertising and Online Gambling is currently undergoing a legislative process. All the political groups present in the Spanish Senate have recently brought a joint motion in...more

A New Spanish Corporate Governance Code For Listed Companies

The new Spanish Corporate Governance Code for listed companies, approved by resolution of the board of the National Securities Market Commission (CNMV) on 18 February 2015, dispenses with the recommendations that currently...more

Google link tax in Italy after Spain?

Google link tax might be reproduced in Italy after the negative experience that led to the shutting down of Google News in Spain as a consequence of the approval of a similar law....more

Spain: From Mediapro to Telefonica - Major shift in Barça’s media rights

Monday 16 February 2015 brought a small earthquake in the Spanish media rights market. FC Barcelona (“Barça”) decided after eight seasons of close cooperation with Spanish leading media corporation MediaPro to assign its...more

Spain: Mr. Grey or Mr. Koldo - Profiling Spain’s cinema-goers

One year ago a modest, soft romantic comedy with a great dose of humour and references to countryside life and open mock of controversial political issues (“Ocho Apellidos Vascos“) saw its theatrical release in Spain. It...more

Spain: New deadline for renewal of singular gambling licenses

The Spanish Gambling Authority (Dirección General de Ordenación del Juego-DGOJ) has just published (16 January 2015) a guideline with the procedures for the renewal of the singular gambling licenses that where granted in 2012...more

The Court of Arbitration for Sport dismisses FC Barcelona’s transfer ban appeal

The Court of Arbitration for Sport (CAS) has dismissed the appeal filed by FC Barcelona in relation to the FIFA sanction imposed on the Spanish club, reported here in April 2014. The ban was imposed on FC Barcelona...more

New EU Guidelines on “Google Spain”: Right to be Forgotten

The Article 29 Working Party published new Guidelines on the Right to be Forgotten on 26 November 2014. This is the latest chapter in the story which began with the Google Spain case. In that case, the Court of Justice of...more

Spain – Competition Authority orders 4G operators to give MVNOs access

Spain’s Competition Supervision Authority (CNMC), currently in charge of both competition and regulatory matters has ordered the main Mobile Network Operators (MNO) in Spain, namely Telefónica (Movistar), Vodafone and Orange,...more

New Spanish Regulation for Venture Capital and Private Equity Entities

Changes harmonize Spanish regulations with existing EU regulations and increase the scope of acceptable investment activities for closed-ended investment entities. Introduction - On 12 November 2014 the...more

Spanish Labour Law Updates And Other Legal Current Issues

In the past two months a range of relevant legislation developments in the field of labour have occurred, including the approval of the Spanish Strategy of Employment Activation for 2014-2016. Furthermore, there have been...more

Spanish tax reform: Corporate Income Tax

The new legislation will be applicable for fiscal years starting as from 1 January 2015, although some new measures will only be effective as from 2016. The main objectives of this tax reform are: on one hand,...more

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