Company directors and small and medium-sized enterprises (SMEs) have been among the hardest hit by Spain’s economic downturn
Measures against takeover bids revamped: Portuguese draft legislation under public consultation for the adoption of breakthrough rule
As happens with any crisis, the European sovereign debt crisis brings both perils and opportunities. From the investors’ point of view, the question is: are you on the right side of the fence?For those
The purpose of compliance is to help prevent the risks for a company that can arise as a result of the infringement of an applicable law, by putting in place internal control procedures and measures.
Various players in the M&A market (which includes financial investors, lawyers and advisers) and many companies that entered into contracts in times of splendour have been seeking, since the downturn of the economy, an
The Portuguese Stability and Development Plan (PEC) puts on the agenda the privatisation of state owned companies. The targets include companies within various sectors, such as energy, paper, transport, postal services, and companies likely to
Last summer, the European Commission revived proposals for a single European system of contract law, in a Green Paper that invited responses before the end of February 2011. Although business might be alarmed at having to
In an attempt to help reduce companies´ cash flow concerns, the Spanish Government has introduced new legislation reducing the standard payment terms in contractual relations to a maximum of 60 days.Despite the relative simplicity of
December 2010 saw the reform of the Spanish Penal Code introducing criminal liability for companies for the first time – this is a significant change in the basic principles of Spanish criminal law. Such changes may require
Recent months have seen the Portuguese and Spanish governments enter into increasingly desperate efforts to safeguard investor confidence and the security of their sovereign debt, but such issues are only a larger scale reflection of
