The key elements of the new Spanish Securities Markets Law
The new Law approved systematizes and reorganizes the Spanish securities market regulation, adapts it to the recent provisions in several European directives, particularly in the area of crypto-assets and distributed ledger technologies, and simplifies and makes certain procedures more flexible in order to increase the competitiveness of the Spanish securities market. It also introduces new provisions in the field of tender offers, investment services firms and collective investment vehicles, and regulates for the first time the SPACs.
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.
Nearshoring: Key issues for companies looking to relocate or expand business in Mexico
Due to its unique geographic location with respect to the North American, European and Asian markets, as well as its simultaneous integration to global value chains due to international trade and investment treaties such as the USMCA and the CPTPP, Mexico has positioned itself as one of the main destinations for the relocation of companies known as “nearshoring”. In this article, we share key information about this trend in international business.
Publication of the EU directive on improving gender balance on company boards
The new EU rules, which will have to be transposed into national law, promote more balanced representation on the boards of listed companies in all Member States.
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.
The European Council approves EU law to improve gender balance on company boards
The directive lays down that at least 40% of directors of listed companies should be members of the underrepresented sex.
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.
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.