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?
The middle of January was marked by the entry into force of Royal Decree 2/2018, of January 12, 2018, implementing the obligation of professional football clubs to aid in developing sports, as envisaged in article 6 of Royal Decree-Law 5/2015, on the obligations of the clubs participating in the National Championship League to aid in developing and fostering sports.
The Act on Openness in Public Life, which is currently being prepared, entails many changes that are sure to be important for many enterprises. There are three main areas in which the proposed act will have a direct effect on the operation of enterprises, both those belonging to the public finance sector and private companies.
To deepen the reform of drug evaluation and approval system, encourage innovations in drugs, and safeguard the rights and interests of the public in regard to drug consumption, China Food and Drug Administration (the “CFDA”) has published series of pharmaceutical laws and regulations recently. Among others, the most notable is the Drug Administration Law of the People’s Republic of China (draft for consultation) (the “Draft”) promulgated on October 23th, 2017 due to several major reforms in the area of drug registration and administration.
Following the Commentary that we have made available on 10 May 2017, informing about the entry into force of Law no. 15/2017, of 3 May – which prohibits the issuance of bearer securities and foresees the creation of a transitional regime for the conversion of the existing bearer securities into registered (nominativos) securities – we inform that today enters into force Decree-Law no. 123/2017, of 25 September (DL 123/2017), which foresees the regime for the conversion of bearer securities into registered securities, in execution of Law no. 15/2017, of 3 May.