Corporate
Article 160 f) When does the General Meeting decide?
In capital companies with highly atomized capital, there is a risk (strongly contrasted by reality) that the management body may have hijacked the Company. Article 160 LSC aims to cover…
Bad Faith in Challenging Company Resolutions (2020)
When the social agreement has complied with the Parasocial Pact, the partner's intervention in said Pact can serve as a criterion to judge whether the action of the partner who…
What is Loan To Value (LTV) and why is it relevant?
The Loan to Value (LTV) is a magnitude that represents the indebtedness of an asset in relation to its real and current value.
Consequences of the nullity of corporate resolutions
The action to contest the social agreements expires within one year. However, when the agreements are contrary to public order, the action will not expire nor will it be time-barred.
How to measure the profitability of an investment (IRR and NPV)
Two of the most used tools to obtain this data are the NPV and the IRR. The acronym NPV stands for Net Present Value, while the acronym IRR stands for…
Quorum and legal majorities in General Meeting and Board of Directors
Last updated: 5 August 2026. Quick answer. Under the Spanish Companies Act (LSC), quorum and majority rules differ between the General Meeting and the Board of Directors. In a limited…
10 keys about the dividend distribution you must not ignore.
1) Within three months of the end of the financial year the administrative body must formulate: the annual accounts; the management report; and the proposal for the application of the…
Can a promise of sale be unilaterally resolved if the buyer does not pay on time?
If a lex comisaria agreement conditioning the resolution is added to the promise of sale, the mentioned resolution will be automatic. And it will be automitic simply because one of…
What is the Secretary of the Board for?
A Secretary of the Board must interpret from a legal perspective, the debates and decisions that the Board values and wishes to adopt. And he must ensure that its members…
Lifting the corporate veil
The lifting of the veil is a limitation of the legal personality of the companies. Its final objective is to prevent the infringement of the rights and interests of third…
