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…
The European Commission adopts a European Retail Action Plan and launches a consultation on unfair trading practices
On January 31, 2013, the European Commission adopted a European Retail Action Plan and a Green Paper on unfair trading practices in the business-to-business food and non-food supply chain
CNMV decides not to extend the short selling ban
Spanish regulator, CNMV decided yesterday not to extend the ban on short selling that expired on January 31, 2013, which had already been extended twice from July 23, 2012. CNMV imposed such restrictions due to the exceptional circumstances of the…
Updates Labour 3-2013
ORDER ESS/56/2013, OF JANUARY 28, IMPLEMENTING THE STATUTORY PROVISION ON CONTRIBUTIONS FOR SOCIAL SECURITY AND UNEMPLOYMENT COVERAGE, BUSINESS INCOME PROTECTION, TO THE WAGE GUARANTEE FUND, AND FOR PROFESSIONAL TRAINING SET FORTH IN LAW 17/2012, OF…
Labour Updates 2-2013
ROYAL DECREE-LAW 1/2013, OF JANUARY 25, 2013, EXTENDING THE VOCATIONAL RETRAINING PROGRAM FOR INDIVIDUALS EXHAUSTING THEIR UNEMPLOYMENT BENEFIT AND OTHER URGENT MEASURES ON EMPLOYMENT AND WELFARE FOR THE UNEMPLOYED
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