More than 27 years of experience
Congelados Pedaneo
20 June 2020

Congelados Pedáneo fulfils their Creditors Agreement

The second Commercial Court of Murcia has declared the fulfilment of the Creditors Agreement approved by the Judgment passed on 7th April 2011. Congelados Pedneo, S.A. was advised by Abad & Asociados in the submission and management of the Bankruptcy Procedure thus closing the door to said procedure, having fulfilled all the commitments with its […]

Recover money you paid in advance to a building developer
30 September 2019

Recover the money you paid in advance to a building developer

There is still hope if you were affected by failed housing promotion in Spain. A law from 1968 holds banks responsible for the amounts that were paid in advance for unfinished properties. There is still hope if you were affected by failed housing promotion in Spain. A law from 1968 holds banks responsible for the […]

The deathmark of Brexit
17 June 2019

The aftermath of Brexit

Just a few weeks ago we discovered the shocking news that Britain had in fact voted out of Europe. This has been followed by some major decisions that have shaken the political landscape of the United Kingdom. If you are a British citizen with a property in Spain you may be wondering how all these […]

second chance
5 March 2019

The Second Chance Act may include the expected Fresh Start in the Spanish System

In different manifestations, Government representatives, including Minister of Economy Luis de Guindos, have confirmed Government’s will to produce the highly demanded “Second Chance Ac ” to configure a fresh start for entrepreneurs and self-employed. In different manifestations, Government representatives, including Minister of Economy Luis de Guindos, have confirmed Government’s will to produce the highly demanded […]

5 March 2019

Acquisition of Spanish nationality through residence

On 7th November 2015, the BOE (the Official State Bulletin) published Royal Decree 1004/2015, of the 6th November, whereby the Regulations governing the procedure for the acquisition of Spanish nationality through residency were approved. These changes were provoked by the excessive length of time that the process was taking and by the increasing number of […]

telecomunicaciones
5 March 2019

Congress passed the New General Telecommunications Act

The 30th of April 2014 the Congress passed the new General Telecommunications Act, which seeks to create an investment encouragement framework and improve consumer protection by incorporating into Spanish regulations the European Directives integrated in the Telecom Package passed in November 2009. The Draft Bill modifies rollout of new generation network’s regulations and wants to […]

maritime
5 March 2019

Government approved the Maritime Navigation Draft Bill

The 22nd of November of 2013 the Government approved the Maritime Navigation Draft Bill, which aims to update the field’s regulation and overcome international treaties and Spanish legislation current contradictions. According with the Justice Ministry press note, among the amendments objectives are the following: Updates Spanish regulation, provides legal certainty and reflects today’s maritime transport […]

5 March 2019

New agreement to avoid double taxation between Spain and United Kingdom

Past 15th May 2014, an Agreement to avoid double taxation and prevent tax evasion in the Income and Wealth tax between Spain and United Kingdom was published in the Spanish Official Gazette (BOE). It came into force on 12th June 2014. With this update, both Governments have tried to adapt to the new times certain  aspects that, […]

5 March 2019

Law Reform 1/2000 of the 7th of January of Civil Procedure

On the 6th of October 2015, Law 42/2015 of the 5th of October, amending Law 1/2000 of the 7th January on Civil Procedure was published in the BOE (the Official State Bulletin). The publication contains some important changes in civil procedure among which the most important is that it will be compulsory for professionals, courts […]

12 May 2016

Possible legality of the Spanish instalment payment plan for the suppliers

Eleanor Sharpston asks the Court of Justice of the European Union not to oppose the Spanish instalment payment plan to suppliers On May 12 2016 the Advocate General Ms. Eleanor Sharpston asked the Court of Justice of the European Union (CJEU) not to oppose the Spanish instalment payment plan to suppliers. This plan meant waiving 3.000 […]

mortgage
21 March 2016

European mortgage standards

Spain receives another cautionary warning from Europe regarding its mortgage law. Brussels is urging the Spanish government to adapt to the European standards. In fact, Spain had the obligation to make effective the new European guidelines in terms of mortgage before the 21st of March 2016. Spain receives another cautionary warning from Europe regarding its […]

percentage
21 March 2016

Spain will reduce commissions in early cancellation of mortgage loans

Spain will establish a law by which the costs in early cancellation of mortgage and real estate loans will be reduced Spain will establish a law by which the costs in early cancellation of mortgage and real estate loans will be reduced, even if said loans were signed before the law appears. The redaction on […]