Corporate

Garrigues

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  • Highlights of 2023 Revision to Company Law of China

    On December 29, 2023, marking the 30th anniversary of the enactment of the Company Law, China released the Company Law of the People’s Republic of China (2023 Revision), introducing adjustments to various aspects, including shareholder capital contributions, organizational structure of companies, liabilities of senior officers, etc. The implementation of this revision is scheduled to commence on July 1, 2024. This article provides an overview of the noteworthy changes to the Chinese corporate system resulting from this revision.

  • Key Developments in the Laws and Regulations of China in 2023

    This newsletter selects and briefs key developments in the laws and regulations of China in relation to foreign investment until August 2023 for your reference.

  • Chile: Implementation of the Energy Efficiency Law moves forward

    With the issuance of Resolution 13 of 2023, the implementation of the Energy Efficiency Law of 2021 (Law 21305) is moving forward. This new resolution lists the companies that must actively manage their energy consumption and how it should be implemented.

  • Directive on corporate sustainability reporting is published

    The new EU legislation requires companies to report regularly on the effect of their activities on people and the environment.

  • Chilean Congress approves the Fintech Bill

    On October 12, 2022, the Chilean Congress approved the Fintech Bill (Fintech Law), which now only needs to be enacted by the president of the Republic to become a law. In this information alert we detail the highlights of this new regulation.

  • Create and Grow Law brings in new reporting obligations for combating late payment in commercial transactions

    The law requires companies to include in their annual reports and on their corporate websites significant information about invoices and payments to suppliers.

  • Spain: The reform which reduces the minimum capital required to set up a limited liability company from 3,000 euros to 1 euro has been published

    The new legislation, which will come into force twenty days after its publication in the Official State Gazette, amends various aspects of the Capital Companies Law.

  • Latest COVID-19 related regulations and policies in China

    Due to the ongoing situation of COVID-19 in China, especially in Shanghai, the Chinese government has introduced more regulations and policies or extended the deadline of the previously issued regulations and policies to further support both the economic development and the business. In this Newsletter, we will share with you detailed provisions of these policies in Shanghai focusing on the topics of labor and employment, leasing, tax, etc. Depending on the location of your business, there could be more specific implementation rules at local level.

  • Garrigues-ICADE Chair presents the book ‘Capital companies: their interests and their conflicts’ on May 24

    The book is a collective work in which renowned professors and lawyers, including several Garrigues professionals, have participated.

  • Everything you need to know about the plan to implement new whistleblowing legislation in Portugal

    By June 18, 2022, companies (whether public or private) and public entities, especially those employing 50 or more workers, are obliged to implement a whistleblowing channel so that workers, shareholders, members of corporate bodies, service providers, suppliers and other reporting parties, including within the context of a professional relationship that has since ended, might report breaches of the legislation referring to various areas.