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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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PUBLICATION
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Retracto arrendaticio en las ventas en bloque de vivienda protegida por parte de la Administración titular (STS 1597/2024, de 28 noviembre)
No es lo mismo a efectos del retracto vender miles de viviendas arrendadas que vender todas las viviendas arrendadas de un edificio.
02 Jan, 2025 
PUBLICATION
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02 Jan, 2025
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Automoción y Movilidad N.º 25
Resumen de novedades legislativas y jurisprudenciales relativas al sector de la Automoción.
28 Nov, 2024
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18 Oct, 2021
Inside Information and Quarterly Financial Statements: CNMV Communication of 13 October 2021
The CNMV notes in this communication that, although there are no closed periods in respect of the voluntary publication by issuers of the quarterly financial report, this report may contain inside information, in which case the Market Abuse Regulation applies
18 Oct, 2021
PUBLICATION
13 Nov, 2020
Administrative liability of the members of a listed company’s audit committee for serious errors or inaccuracies in the audited annual accounts
The Supreme Court's judgment of 8 October 2020 confirms the administrative liability of Audit Committee members for the inaccuracy or lack of veracity of consolidated annual accounts that have been externally audited
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PUBLICATION
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Current Legislation No. 24
GA_P’s Current Legislation digests seek to provide an overview of the main legal issues of interest to our readers, clients and lawyers in a format that combines three elements: topicality, clarity and quality. Topicality in the information and in the selection of matters discussed; clarity in laying the foregoing in a concise and intelligible manner rather than...
10 Jul, 2018
PUBLICATION
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Payment periods disallowed under the Late Commercial Payments Act: inappropriate voidness
We are accustomed to hearing the assertion that a bilaterally agreed clause contravening the statutory rule setting a time limit for commercial payments is void ab initio. But is this case when it is the supplier who has the bargaining power? And, in general, does such an assertion make sense?
05 Jul, 2018