NEWS
Can a Spanish law firm be listed on the stock exchange? | Expansión
14 of February, 2023
In this article, the Spanish newspaper Expansión describes the requirements for listing on the stock market and the difficulties that law firms in Spain have in accessing it due to the transparency thresholds in regulated markets, confidentiality clauses and the dependence of the partners.
Guillermo Guerra, a partner in the firm’s Commercial practice, points out that “in 2009 the Professional Companies Act was amended to allow non-professional shareholders to hold up to 49.9% of the share capital, but the professional company continues to have an eminently closed and personalised nature which means that it does not fit in well with the type of listed company open to the capital markets”.
Read the full article.
Guillermo Guerra, a partner in the firm’s Commercial practice, points out that “in 2009 the Professional Companies Act was amended to allow non-professional shareholders to hold up to 49.9% of the share capital, but the professional company continues to have an eminently closed and personalised nature which means that it does not fit in well with the type of listed company open to the capital markets”.
Read the full article.
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Gómez-Acebo & Pombo
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