Spanish Solicitors
Torrevieja (Spain)

C/. Narciso Yepes,12 (La Siesta)
Telephone/Fax 0034 966 784 582
Bufete Padilla
Lawyers Firm
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CORPORATE

NEW:

THE FUTURE CORPORATE CODE:

The Bill of the new and future Corporate Code was passed the last 30th of May 2014 by the Spanish Government but it has not been enacted the final Project of the Law yet. This new regulation will delete the former and old Commerce Code in force since 1885.

The Corporate Code will regulate the concept of “Market”, in which the private and legal relationships between business, corporations and individuals will be ruled. It will also introduce some institutions such as the company, business and corporate contratcs which had no previous regulation.

The Code will unify and compilate several spread corporate laws from the past 130 years in only one Code and will be distrubuted in 1726 sections, a preliminary title and 7 books and the legislation department from the Government has been working on this Law since 2006.

The Corporate legal system will be more secure as corporate legislation will be of exclusive competence from the Government for the unity of the global market in Spain.

 

 





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