Businesses are increasingly influenced by changes, threats and opportunities in technological, regulatory, reputational and strategic spheres; mergers and acquisitions and other business decisions can have a transforming reach. The so called business judgment rule (“BJR”), in the terms and with the limitations described, sets out a standard of care of an orderly businessman, designed to give a certain degree of immunity to directors so they can take a reasonable amount of risk, a natural component of any business decision.
Respectively on June 28, 2018 and June 30, 2018, the National Development and Reform Commission and Ministry of Commerce jointly issued the Special Administration Measures on Foreign Investment Access (Negative List) (2018 Edition) (hereinafter referred to as the “2018 Negative List”) and the Special Administrative Measures on Foreign Investment Access to Pilot Free Trade Zones (Negative List) (2018 Edition) (hereinafter referred to as the “2018 Negative List of FTZ”), to be implemented respectively on July 28, 2018 and July 30, 2018.
Order JUS/319/2018, of March 21, approving the new forms for filing at the commercial registry the financial statements of the parties required to publish them was published on March 27.
It’s now easier than ever to finance a project in Spain through a bond issue. The reforms introduced in recent years to the Capital Companies Law and the Securities Market Law, coupled with the approval of the Business Financing Law, have made it easier for sponsors to finance or refinance their projects from Spanish companies. The stage is now set for us to see an exponential increase in the number of project bond issues in the country.
On May 25 2016, the General Data Protection Regulation (GDPR) became mandatory, having been published in the Official Journal of the European Union three weeks earlier. The regulation established a term of two years within which members states and businesses could adapt to the new regulation and prepare for its compulsory application by 25 May 2018.
In its judgment of February 26, 2018, the Supreme Court modified the interpretation given by most experts and authorities and by the Directorate-General of Registries and the Notarial Profession in its decision dated June 17, 2016, ratified by the Barcelona Provincial Appellate Court in its decision 295/2017 of June 30, 2017, on the regulation of executive directors’ compensation.
It is believed that business cards, such a 20th century phenomenon, were first used in China back in the 15th century and that they had reached Europe by the 17th century. Despite their antiquity, they nevertheless continue to play an important role in the business world. Cards are still a simple, easy, rapid and inexpensive way for professionals to exchange their contact details. However, and despite the fact that business cards have endured for over 6 centuries, we raise the question: Could their days be counted from 25 May 2018 when it will be compulsory to comply with the terms of the RGPD?