Amendment to the Capital Companies Act. Royal Decree-Law 15/2017, of 6 October, of urgent measures on the mobility of economic operators within the national territory

On October 7, 2017, Royal Decree-Law 15/2017, of 6 October, of urgent measures on the mobility of economic operators within the national territory (“RDL 1572017“) was published and entered into force. pursuant to which article 285 (2) of the consolidated text of the Capital Companies Act, approved by Royal Legislative Decree 1/2010, of 2 July,…

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Compensation of administrators: non-listed companies vs. listed companies

Regarding the compensation of administrators, the Spanish Capital Companies Act (“LSC”) establishes a general scheme applicable to all types of capital companies (sections 217 to 249 and 219 LSC), and a special scheme for listed companies (sections 529 sexdecies to 529 novodecies LSC), that are those public limited companies the shares of which are admitted…

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Decalogue of rights that you should know, as a shareholder of a company, face to holding a shareholders’ ordinary general meeting

What is the ordinary general meeting of shareholders? It is the meeting of shareholders to deliberate and approve, if applicable, the management of the company, the annual accounts of the previous financial year and the allocation of profits that must necessarily be held within the first six months of each financial year. Notwithstanding the above,…

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Liability of administrators with regard to the Sentence of the First Chamber of the Supreme Court no. 131/2016 of 3 March

Consultation Good morning. I am an administrator of a capital investing company that promotes real estate development. Two years ago the company began the construction of a residential building paralized due to the economic crisis. Previously, the company received advance payments on the houses that were sold based on construction blue prints and since none…

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