NEW AGREEMENT OF THE SUPREME COURT ON CRITERIA FOR ADMISSION FOR CASSATION APPEALS AND EXTRAORDINARY APPEALS FOR PROCEDURAL INFRIGEMENT.
On 27 January 2017, the First Chamber of the Supreme Court issued an Agreement regarding new criteria for admission of appeals for cassation and extraordinary […]
The Chinese Technology Group Shiji Acquires ReviewPro.
The Chinese technology group Shiji, which has more than 3,000 employees and is a world leader in the hotel technology sector, has acquired an 80 percent share […]
SIGNING OF THE ABENGOA REFINANCE SETTLEMENT AGREEMENT.
Last 24 September 2016 Abengoa notified the signing of the Agreement for the Restructuring of its Financial Debt as a relevant fact, thus initiating the […]
CASE LAW REGARDING JOINT AND SEVERAL GUARANTEES.
The recent ruling of 13 April 2016 issued by Supreme Court nº 244/2016 dismissed an appeal for reversal in which the appealing party upheld that the need for […]
VALIDATION OF THE ABENGOA GROUP REFINANCING AGREEMENT.
Last 6 April 2016, Commercial Court number 2 of Seville issued a decision validating the refinancing agreement signed between Abengoa and its financial […]
THE PANAMA CANAL AUTHORITY (ACP) IS OBLIGED TO ASSUME PAYMENT OF PART OF THE ADDITIONAL COSTS INCURRED IN THE CANAL EXPANSION PROJECT.
During the final stage of the Panama Canal Expansion Project, the Dispute Adjudication Board (DAB) has once again ruled that GUPC (the consortium awarded the […]
ISSUING OF A RULING AGAINST THE IMPROPER COLLECTION OF A “PRIVATE COPYING LEVY”.
On the 20th of October 2015, Commercial Court no 5 of Madrid issued Ruling nº 76/2015, declaring that the payment of compensation for private copying or […]
THE CNMV (SPANISH SECURITIES MARKET COMMISSION) AUTHORISES A TAKEOVER BID FOR A REAL ESTATE COMPANY LAUNCHED BY A REAL ESTATE INVESTMENT LISTED COMPANY.
On 30 October 2015 the Spanish Securities Market Commission (“CNMV”) authorised the Takeover Bid for the purchase of shares in TESTA INMUEBLES EN RENTA, SA […]
HOMOLOGATION IN THE UK.
Last September, a British Court approved the first homologation of a debt restructuring agreement in favour of a Polish Company belonging to a Spanish […]
THE SPANISH AUDIENCIA NACIONAL REJECTS THE EXTRADITION OF A SPANISH CITIZEN TO THE USA.
Chamber Three of the Spanish Audiencia Nacional has rejected US demands to extradite a Spanish citizen and former director of a US investment Bank, on the […]
APPROVAL OF THE NEW INTERNATIONAL COOPERATION ACT.
The new Spanish Act 29/2015 of 30 July, on International Cooperation in matters of Civil Law introduces significant changes regarding aspects such as […]