Garrigues is pleased to present its ninth issue of “News”. Prepared by our New York office, “News” highlights Spanish legal and tax issues that may be of interest to you or your clients. In this issue, we take special attention to the new measures adopted to restructure and reorganize the Spanish credit institutions, new regulations in commercial, public and tax legislation to ensure budgetary stability and encourage competitiveness, the creation of the new international covered bonds and the temporary short sale ban on securities admitted to trading in a Spanish regulated market, and the revised measure to support unemployed individuals.
For further discussion regarding any of these topics, please call Garrigues New York or your usual Garrigues contact.
BANKING & FINANCE: ROYAL DECREE-LAW 24/2012, OF AUGUST 31, 2012, ON THE RESTRUCTURING AND RESOLUTION OF CREDIT INSTITUTIONS
COMMERCIAL: NEW MEASURES TO ENSURE BUDGETARY STABILITY AND ON ENCOURAGING COMPETITIVENESS
CAPITAL MARKETS: TEMPORARY SHORT-SALE BAN
CAPITAL MARKETS: NEW INTERNATIONALIZATION COVERED BONDS
ENERGY: BILL ON TAX MEASURES IN THE AREA OF THE ENVIRONMENT AND ENERGY SUSTAINABILITY
TAX: NEW TAX LEGISLATION IN ROYAL DECREE-LAW 20/2012
PUBLIC LAW: MEASURES FOR THE LIQUIDITY OF THE PUBLIC AUTHORITIES AND IN THE FINANCIAL ARENA