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…

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,…

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…

Eficacia de los pactos parasociales / acuerdos de socios. A propósito de la Sentencia de la Sala Primera del Tribunal Supremo núm. 103/2016 de 25 de febrero

Planteamiento Un padre y dos hijos alcanzan un acuerdo en virtud del cual el padre transmite a sus dos hijos la totalidad de sus acciones y participaciones sociales en dos sociedades, reservándose el padre el usufructo de las acciones y participaciones sociales transmitidas así como todos los derechos inherentes a la condición de socio, especialmente…