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07/01/2025
UCITS passporting in Spain
1. EEA UCITS Schemes The UCITS Directive is transposed into Spanish law mainly by means of Law 35/2003 of 4th November, on CIS (“CIS”) and developed by Royal Decree 1082/2012, of 13 July, approving...
07/01/2025
Private placement rules and law in Spain
1. Summary of private placement provisions for fund interests (if applicable) Spanish law distinguishes between open-ended or closed-ended collective investment institutions (“OECII” and “CECII”...
07/01/2025
AIFM passporting in Spain
The AIFMD was transposed mainly into Spanish law by means of Law 22/2014 of 12 November on venture capital entities, other closed ended collective investment schemes and their management companies (“LEC­ROSI”)...
06/01/2025
CMS Expert Guide on Beauty in Spain
Cosmetics & Supplements 1. How are cosmetic products classified in your jurisdiction and what key national laws/regulations apply?   A.  European Framework on cosmetic products. Please note that the...
02/01/2025
CMS Expert Guide on substance issues across Europe in Spain
Introduction In Spain, the mechanism most commonly used by the tax authorities to consider the substance of companies is the “conflict in the application of the tax law”. This mechanism is regulated...
Comparable
23/12/2024
International arbitration law and rules in Spain
According to a recent survey of the Spanish market, 47% of companies would choose arbitration as their preferred method for dispute resolution, with 27% opting for arbitration as the sole method for dispute...
20/12/2024
EDPB Opinion 28/2024: key takeaways on processing personal data in the...
On 17 December 2024, the European Data Protection Board (EDPB) issued Opinion 28/2024 on certain data protection aspects related to the processing of personal data in the context of AI models, which offered...
19/12/2024
Real estate finance law in Spain
A. Mortgages 1. Can security be granted to a foreign lender? Yes. Generally, there are no restrictions on the ownership of land by foreign parties or in relation to the taking or enforcement of security...
17/12/2024
European Commission consultation on the revision of its State aid aviation...
On 11 December 2024, the European Commission launched a public consultation on the targeted revision of the 2014 Guidelines on State aid to airports and airlines. The aim of the consultation is to gather...
13/12/2024
The new EU General Product Safety Regulation: What you need to know
The EU General Product Safety Regulation (GPSR) came into effect on 13 December 2024. It replaces the existing General Product Safety Directive (GPSD), and establishes a modernised framework for consumer...
13/12/2024
Transfer of slots to easyJet, IAG and AFKLM at Milan Linate Airport as...
On 30 November 2023, Lufthansa AG (“Lufthansa”) and the Italian Ministry of Economy and Finance (“MEF”) notified the European Commission (“Com­mis­sion”) of a proposed acquisition of joint control...
13/12/2024
European Commission to overhaul EU ESG reporting regime?
Last month, the President of the European Commission - Ursula von der Leyen – announced that the Corporate Sustainability Reporting Directive (“CSRD”), Taxonomy Regulation (“Taxonomy”) and Corporate...