Lawyers divided over the effectiveness of new laws designed to draw in much needed investment by addressing the fragmentation of Spain’s regions and local legislation.
Spanish energy giant Repsol and its Chairman are facing US litigation from investors in Repsol YPF. This proves yet another setback for Repsol, currently arbitrating against Argentina over its controversial decision to renationalise YPF, but
Eight Spanish insurance companies have won their appeal against a €120m fine for price fixing; successfully overturning the highest fines ever issued in Spain for cartel activity.
Ignacio Ojanguren is stepping down as Managing Partner of Clifford Chance in Spain. The firm confirmed to Iberian lawyer that Ojanguren will remain in the role until May 1st, 2013. After this he will continue as
Up to 43 proposals could be introduced in Spain this year, but lawyers fear is that this may hinder, rather than encourage economic growth.
While yet to see a wave of convictions, Portugal has seen an increase in fraud allegations levelled at executives at some of the country’s leading financial institutions.
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The Government may be progressing its austerity programme and the sale of state assets, but for many firms, domestic activity alone is no longer enough to sustain them.
For many, the word ‘crisis’ has become synonymous with every aspect of their daily lives, and never more so than in Spain and Portugal.
