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To Keep in mind for the upcoming General Shareholders’ Meetings

The general shareholders’ meetings of those companies where the financial year is the calendar year shall begin to be called soon. Thus, for those companies that closed their financial year last December 31, – the vast majority of the Spanish companies -, the time limit provided to in the Royal Legislative Decree 1/2010, July 2,…
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Keep your business information safe: The new act on business secrets will help you

The efforts undertaken internationally to ensure that the competitiveness of companies and research organizations that are based on know-how and undisclosed business information (business secrets) are adequately protected have a long standing. At first, these efforts were reflected in the Agreement on Trade-Related Aspects of Intellectual Property Rights (Annex 1C of the Convention Establishing the…
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Alentta achieves it once more: New nullity of a swap because of informational defects

On January 21, 2019, the Sixth Section of the Provincial Court of Valencia has issued a sentence that is already firm, by which the lawsuit filed by one of our main clients, an important company belonging to the education sector, is estimated. The sentence declares the nullity of a financial swap contract, which years ago…
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The Royal Decree Act 21/2018 on lease contracts: A short duration

The Act 29/1994, of November, 24th, on Urban Leases (LAU), has been modified often since it entered into force. No need to go far to find examples, LAU was last modified in 2013 – we then issued our Newsletter 5/2013, which remains available in our website. The amendments to the LAU herein outlined were introduced…
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The IIVTNU: the TS precise the reach of the STC 59/2017, of May 11

As we discussed in our Circular 01/2018, the Constitutional Court (TC) in its Judgment of No. 59/2017, of May 11, 2017 (STC 59/2017), came to establish the partial nullity of certain articles of the Tax on the Increase in the Value of Urban Land (IIVTNU) because, in application of the same, it could be possible…
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Acquisition of the website operarme.es

One of the major Spanish insurance companies, through its subsidiary engaged in the health sector, has acquired the entire stock capital of the company holder of the Spanish leading website (www.operarme.es) in offering medical surgical services. Alentta Lawyers advised the selling party in the whole acquisition process.

Once again with the swaps and other complex financial products: there is still time to claim

When we thought that companies who has been affected by financial products were losing their chances to claim against the financial institutions, basically, because of temporary issues, the Supreme Court (hereinafter, also as “SC”) have shed light on that issue again by allowing more time to them in order to sue the Banks which commercialized…
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Alentta advises NZI Helmets on financial debt restructuring

Alentta Lawyers has advised NZI Helmets, a Spanish helmet manufacturer for more than 30 years now, on the process of restructuring its financial debt. NZI has always been involved in top-level competition and has sponsored a long list of pilots and champions, standing as a top European helmet manufacturer thanks to its constant efforts in…
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New European regulations on data protection DO NOT PANIC!

As at this point almost everyone should already know, since the media bombardment of specialised consultancy firms has been intense for the last months, as of 25 May next applies in Spain, and in other Member States of the European Union, Regulation (EU) 2016/679, of 27 April 2016, on the protection of natural persons with…
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The remuneration of the executive directors: The Supreme Court dispels the companies registrars misconception

On February 26th, 2018, the Supreme Court (hereinafter, also as “SC”), in its sentence no. 98, gave an abrupt change of direction to the interpretation that Regional Courts and the General Directorate of Registers and Notaries have been maintaining regarding the provisions which regulates unlisted companies’ CEOs and executive directors remuneration after 2014 reform of…
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