Corporate/Litigation Updates 1-2013
Law 1/2013, of May 14, on measures to reinforce protection of mortgagors, debt restructuring and social rent was published in the Official State Gazette (BOE) on May 15, 2013 (“Law 1/2013”).
The law on measures to reinforce protection of mortgagors, debt restructuring and social rent has been published
Con fecha 15 de mayo de 2013 se ha publicado en el BOE la Ley 1/2013 de medidas para reforzar la protección a los deudores hipotecarios, reestructuración de deuda y alquiler social (en adelante, “la Ley 1/2013”).
Corporate Updates 6-2013
CRITERIA FOR APPLICATION OF CIRCULAR 4/2004 ON LOAN REFINANCING AND RESTRUCTURING
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 the Council of Ministers, both documents reflect Spain’s economic policy strategy for the coming years.
Preliminary Bill Amending Law 29/2006 on the safeguards for and he Rational Use Of Medicinal Products And Medical Devices
At its meeting on April 26, 2013, the Council of Ministers approved for submission to the Spanish Parliament a Preliminary Bill amending Law 29/2006 on the Safeguards for and the Rational Use of Medicinal Products and Medical Devices.
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 with future crises. In addition, limits are fixed to variable remuneration of banks.
Corporate updates 5-2013
Royal Decree 256/2013, of April 12, 2013, incorporating the guidelines of the European Banking Authority dated November 22, 2012 on the assessment of the suitability of members of the management body and key function holders into the legislation on credit institutions and other financial institutions, was published in the Official State Gazette on April 13, 2013 and came into force the day after.
Royal Decree 237/2013 on aid and financing for shipbuilding
April 11, 2013 saw the publication in the Official State Gazette of Royal Decree 237/2013, of April 5, 2013, amending Royal Decree 442/1994, of March 11, 1994, on aid and financing for shipbuilding in order to bring it into line with the provisions of European Union law.
Labour Updates 5-2013
We summarize the main corrections to errors in the wording of Royal Decree-Law 5/2013, of March 15, 2013, on measures to encourage the continuity of the working life of older workers and to promote active ageing, as published in the Official State Gazette on April 4, 2013
Litigation & Arbitration Updates 2-2013
Con fecha 30 de marzo de 2013 se ha publicado en el Boletín Oficial del Estado (BOE) la Orden HAP/490/2013, de 27 de marzo, por la que se modifica la Orden HAP/2662/2012, de 13 de diciembre, de aprobación del modelo 696 de autoliquidación y el modelo 695 de solicitud de devolución de las tasas judiciales.