First tender procedure for the award of demand access capacity
By Resolution of the Secretary of State for Energy dated 11 July 2025, the first tender for the allocation of demand access capacities in certain nodes of the transmission grid in Andalusia, Aragon, Castilla-La Mancha, Catalonia, Galicia, and the Basque Country is announced, totalling an overall access capacity of 3,681 M. 1.- INTRODUCTION In certain […]
Spanish Withholding Tax Refunds for non-Spanish Hedge Funds: 2023 Supreme Court Judgement & Litigation Funding Opportunities
The Spanish Supreme Court issued landmark rulings confirming that Spain’s withholding tax (WHT) regime for dividends paid by Spanish listed companies to non-Spanish hedge funds violates the fundamental EU principle of the free movement of capital (Article 63 TFEU). Historically, non-Spanish hedge funds assumed a higher WHT burden than comparable Spanish collective investment undertakings due […]
Royal Decree-Law 7/2025: The New Regulation of the Spanish Electricity System
1.- INTRODUCTION Royal Decree-Law 7/2025 (“RDL 7/2025“) addresses the recent blackout of the Spanish electrical system by establishing new, innovative regulations on electricity security. This regulation is structured around several key areas, including: greater control and planning by the National Commission for Markets and Competition (“CNMC”) and Red Eléctrica (“REE“), regulatory reforms planned for the […]
Ángel Alonso new partner for Special Situations, Restructuring and Insolvency
We are delighted to announce that Ángel Alonso has joined our firm as a partner for the Special Situations, Restructuring and Insolvency Department. During his career of more than twenty-five years at Uría Menéndez (where he became a partner in 2009), Ángel has specialized in all types of matters related to opportunistic and special situations, […]
Legal 500 EMEA 2025
The prestigious legal directory Legal 500 has published today the results of its rankings in the Legal 500 Europe, Middle East and Africa (EMEA) 2025 guide, recognizing Araoz & Rueda as one of the leading law firms in Spain. In this edition, we have achieved a remarkable presence with 7 recommended areas and 10 recommended […]
Chambers Europe 2025
The prestigious legal directory Chambers and Partners has just published the results of its rankings in the Chambers Europe 2025 guide, recognizing Araoz & Rueda as one of the leading law firms in Spain. In this edition, we have achieved a remarkable presence with 8 recommended areas, three of which have been ranked at the […]
Spanish Supreme Court has ruled regarding WHT on dividends paid to EU hedge funds
The Spanish Supreme Court has recently ruled regarding withholding tax (“WHT”) on dividends paid by Spanish listed companies to EU hedge funds. These EU hedge funds requested a WHT refund because they had borne a WHT higher than the applicable to comparable Spanish collective investment undertakings. Through these judgements, the Spanish Supreme Court has confirmed […]
Araoz & Rueda, recommended firm in Chambers Europe 2023
The prestigious legal directory Chambers and Partners includes Araoz & Rueda in its Chambers Europe Guide 2023 as one of the leading law firms in Spain, with 6 practice areas and 9 of its partners recommended: Individual recommendations 🔵Pedro Rueda in Corporate/M&A 🔵Francisco Solchaga in Energy/Natural Resources 🔵Rafael Bazán in Banking & Finance 🔵Javier Prieto […]
Which law applies to compensation for post-contractual clientele in the international agency contract?
By means of an international agency contract, one party (the principal) empowers another party (the agent) – the latter as an independent intermediary – to enter into foreign trade transactions on behalf of the principal and on a continuous basis. The termination of agency agreements may give rise, among other consequences, to the emergence of […]
Spanish Supreme Court to rule regarding withholding tax on dividends paid to EU hedge funds
The Spanish Supreme Court has recently admitted a claim regarding withholding tax (“WHT”) on dividends paid by Spanish listed companies to EU hedge funds. These EU hedge funds have requested a WHT refund because they have borne a WHT higher than the one that would have been applicable to comparable Spanish collective investment undertakings. In […]