Corporate/Tax Updates 1-2013
CIRCULAR 2/2013 OF THE MAB (THE SPANISH ALTERNATIVE INVESTMENT MARKET) ON THE REGIME APPLICABLE TO SOCIMIs (SPANISH REITs)
Financial sector bonuses to be capped
Last week the Economic Affairs Committee of the European Parliament, the European Council and the European Commission reached an initial political agreement to place stricter rules on financial sector remuneration.
Litigation & Arbitration Updates 1-2013
ROYAL DECREE-LAW 3/2013, OF FEBRUARY 22ND, 2013, AMENDING THE RULES ON FEES IN THE JUSTICE SYSTEM AND THE FREE LEGAL AID SYSTEM
MEASURES TO SUPPORT ENTREPRENEURS, STIMULATE GROWTH AND CREATE EMPLOYMENT
Royal Decree-Law 3/2013 on measures to support entrepreneurs and create employment, and other measures contained in Royal Decree-Law 4/2013
ESMA publishes Final Report on Proxy Advisory Industry
The European Securities and Markets Authority (ESMA) has published its Final Report resulting from the Discussion Paper which it published in March 2012 on the possible alternatives for regulating the proxy advisory industry and the feedback…
Extension of the exceptional regime for non-computation of impairment losses on Property, Plant and Equipment, Investment Property and Inventories in cases of mandatory capital reduction and dissolution
Final Provision Three of Royal Decree-Law 4/2013, published on Saturday, February 23, 2013, amended the sole additional provision of Royal Decree-Law 10/2008, of December 12, 2008, which, provided that for the purposes of determining losses for…
The Council of Ministers approved Royal Decree-Law 4/2013 on measures to support entrepreneurs, stimulate growth and create employment
As announced during the Debate on the State of the Nation, on Friday the Council of Ministers approved Royal Decree-Law 4/2013, of February 22, 2013, on measures to support entrepreneurs, stimulate growth and create employment, which was published…
Approval of the 2013-2015 Digital Agenda
The Spanish Council of Ministers approved the 2013-2015 Digital Agenda for Spain on Friday, February 15, 2013, setting out the road map for compliance with the objectives of the Digital Agenda for Europe in 2015 and 2020 and containing specific…
European Commission approves the proposed Directive implementing enhanced cooperation in the area of financial transaction tax
On February 14, 2013, the European Commission approved the proposed Directive on a financial transaction tax - FTT - (COM/2013/71), following its previous proposal of September 2011 (http://europa.eu/rapid/press-release_IP-11-1085_en.htm). The FTT…
Preliminary Bill for the Rationalization and Sustainability of Local Government
At its meeting on February 15, 2013, the Council of Ministers received a report from the Ministry of Economy and Public Administration on the Preliminary Bill for the Rationalization and Sustainability of Local Government. Once the appropriate…
Energy Updates 1-2013
NEW ENERGY INDUSTRY LEGISLATION IN ROYAL DECREE-LAW 2/2013, OF FEBRUARY 1, 2013 ON URGENT MEASURES IN THE ELECTRICITY SYSTEM AND IN THE FINANCIAL INDUSTRY
New Royal Decree-Law approved to contain tariff deficit
The Council of Ministers has approved Royal Decree-Law 2/2013, of February 1, 2013 on urgent measures in the electricity system and in the financial industry, which, in relation the electricity system, has brought in new measures to correct the gaps…
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