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Spain Financial Institutions

White & Case LLP

Spain launches unprecedented public consultation on banking sector deal

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Spanish Ministry of Economy Launches Public Consultation on BBVA’s Public Takeover Bid for Banco Sabadell, after CNMC Approval with Commitments. On May 5, the Spanish Ministry of Economy, Commerce and Business received...more

Hogan Lovells

Global Accountants' Liability Update – October 2021

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A company that specialized in the design and production of optical instruments (hereafter: the Company) hired an accounting firm and a tax consultancy firm (hereinafter: the Accountants) to prepare its annual accounts between...more

Hogan Lovells

Spanish DPA shakes the privacy status quo in Spain – highest fines yet on personal data

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The Spanish Data Protection Agency (“Spanish DPA”) decided to start 2021 the same way it ended 2020: by imposing the highest fines to date (EUR 5,000,000 and 6,000,000) to two large Spanish financial entities. ...more

White & Case LLP

Spain to tax acquisitions of shares of major Spanish listed companies

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The Spanish Official Gazette published last October 16th legislation enacting a new indirect Tax on Financial Transactions levied, at 0.2%, on the acquisition of shares of major Spanish listed companies irrespective of the...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 34, September 2020

Spain Shuts Down Half of Its Coal Power Stations - "The move away from coal is driven predominantly by fundamental economics, although these are amplified by emissions trading schemes and other measures." Why this is...more

Jones Day

Class Actions in Spain—An EU Proposal That Could Imply Relevant Changes

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The Situation: Spain currently has a system that allows the filing of collective actions but it has not been employed frequently to date, and most consumer-related issues are still litigated on an individual basis. ...more

Jones Day

Investor-Friendly Tax Treaty Set for Mexico and Spain

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The Situation: A Tax Treaty developed to avoid double taxation, negotiated between Mexico and Spain in late 2015, was just recently published in the official gazettes of both nations. The new protocols are effective September...more

A&O Shearman

Increasing litigation in Spain regarding abusive clauses in mortgage loans

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There is a growing tendency in recent years for borrowers in Spain to file claims alleging that certain provisions included in their mortgage loans are abusive or unfair. In addition, there is a very strong trend in Spanish...more

Latham & Watkins LLP

The Devilish Details of the New Spanish Horizontal Tax Consolidation Regime

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What the new horizontal tax consolidation regime may mean for private equity sponsors, multinational groups, financial institutions (and everyone else…). In June 2014, the European Court of Justice (ECJ) ruled that the...more

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