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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 […]

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 […]

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 […]

4 December 2014

The Official Gazette published Law 1/2014 amending the Capital Companies Act to implement corporate governance modifications

This reform is motivated by the increasing importance of “good governance” and “good practices” in the management of capital companies, especially in listed companies. On December 4th the Official Gazette published Law 1/2014 amending the Capital Companies Act to implement corporate governance modifications. This reform is based on the Report of the Committee of Experts submitted to the […]

20 May 2014

The Court of Justice of the European Union agrees with banks in the controversial cláusula suelo

CJEU Attorney General Mr. Paolo Mengozzi states that banks will only have to reimburse clients the money billed in excess from 9th May 2013 onwards The judgment given by the CJEU’s Attorney General Mr. Paolo Mengozzi states that banks will only have to reimburse clients the money billed in excess by the abusive ‘clausula suelo’ […]

12 December 2012

Civil and commercial court rulings will have effectiveness in all the EU

Savings of up to €48 million thanks to new rules for cross-border judgments On January 10, the Regulation (EU) 1215/2012 adopted by the European Parliament and of the Council on 12 December 2012 which replaces Regulation (EC) 44/2001 on jurisdiction and recognition and enforcement of judgments in civil and commercial matters (Brussels I Regulation), began to apply. […]