As a result of legislative changes a company may now find itself criminally liable for certain offences, a significant change in the basic principles of Spanish criminal law
The new Spanish Companies’ Act was approved by the Spanish Cabinet on Friday, July 2, and published in the Official Gazette on Saturday, July 3. It restates in a single text all the acts previously regulating limited
Spanish and Portuguese lawyers take a mixed view as to whether Iberia’s transactional markets are coming back to life. Deal volumes remain depressed, as do values, and financing and liquidity concerns continue to complicate
The transactional market is now demanding a more thoughtful approach to deal structures, deeper analysis of issues and inevitably more senior lawyer input, says Fernando Torrente, co-coordinator of the corporate practice at Cuatrecasas Gonçalves
Spain has enjoyed a long period of prosperity but is now experiencing a lengthy downturn, made worse by the bursting of the country’s real estate bubble. But two years into the crisis new investment
The proposed Alternative Investment Fund Manager’s Directive continues to prompt controversy despite an acceptance that a certain level of EU regulation will be imposed on the hedge and investment fund industry, says Isabel Rodrí
Current concerns over liquidity, strengthening requirements for bank financing and the granting of securities are prompting the continuing postponement of significant transactions in Portugal, says Sofia Carreiro, corporate partner with Sérvulo in Lisbon.
If vendors are to achieve the multiples they demand in transactions they need to be more flexible in the way they look at deals and to be willing to help push them through
The levels of activity in the private equity arena may be down significantly but funds are still being raised and transactions done, says Julio Veloso, partner with Broseta
It may not always seem appropriate for parties in a transaction to plan for their deals to turn bad but the current economic situation is prompting a rise in warranty based claims resulting from somehow