Portugal transposes Directive on representative actions for the protection of consumers' interests
This law, very much in line with the Law on Class Actions (Law no. 83/95, of 31August), strengthens the procedural means for protecting the collective interests of consumers, ensuring a high level of consumer protection in the European Union, as well as the proper functioning of the internal market.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.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.