State of alarm and ownership rights
Download the PDF document here Spain is under the alarm state declared by the RD 463/2020, of March 14th. This situation is guaranteed by article 55 of the Constitution and the development provided by the Organic Law 4/1981, of 1 June, together with those of emergency and siege. The current state of alarm is […]
Temporary employment suspension of employment contracts and reduction in working hours
Download the PDF document here Nowadays, many companies are being forced to take/adopt measures to cope with the impact of Covid-19. From an employment-law perspective, among other measures, the vast majority of companies will have no choice but to carry out temporary layoffs based on suspension of employment contracts and reduction in working hours […]
Araoz & Rueda, recognized firm in Chambers Europe 2020
The prestigious Chambers & Partners Europe guide highlights one more year Araoz & Rueda as a leading firm in Europe in 2020. The following partners are recommended: Pedro Rueda (Tier 2) and Alejandro Fernández de Araoz (Corporate/M&A), Rafael Bazán (Tier 2, Banking & Finance), Alejandro Fernández de Araoz (Dispute Resolution), Ainhoa Veiga (Competition/European Law), Alfonso Suárez (Employment), Jesús Conde […]
COVID-19 epidemic: application of force majeure and hardship under Spanish law
1. Context On 30 January 2020, the World Health Organization (WHO) General Director declared the outbreak of CoViD-19 (also known as Coronavirus), a public health emergency of international concern (PHEIC). In addition, on 11 March 2020, the WHO has officially declared the Coronavirus a pandemic. Finally, the Spanish Government has declared the official “state of alarm” […]
Application of force majeure and hardship under Spanish law
Download the PDF document here The purpose of this memorandum is to address the impact of Covid-19 Coronavirus on the performance of contracts under Spanish law. In particular, we will address (i) force majeure principles, (ii) hardship rules, and (iii) MAC clauses in acquisition agreements and finance documents. 1. Context On 30 January 2020, […]
Does the new early termination legal regime really impact on NPL’s transactions?
In principle, it may be believed that the new early termination legal regime provided for in Law 5/2019 of 15 March, regulating real estate credit agreements (“Ley de Contratos del Crédito Inmobiliario” or “LCCI”) could have a major impact on the sale of real estate portfolios and non-performing loans (“NPLs”). Indeed, with the new early […]
Araoz & Rueda partner, Francisco Solchaga, awarded in the ‘Client Choice Awards 2020’
Araoz & Rueda partner, Francisco Solchaga, has been recognized as a Client Choice winner in the category of Energy & Natural Resources in the ‘Client Choice Awards 2020’ organised by the International Law Office (ILO), in collaboration with Lexology. These awards recognize those law firms and partners around the world that stand apart for the […]
Araoz & Rueda appoints Laura Vintanel as a new partner of the firm
Araoz & Rueda has appointed Laura Vintanel as a new partner of the Corporate Department. Laura advises national and multinational companies on legal and corporate matters, focusing mainly on the energy sector. In this field, she advises on all kinds of corporate and commercial issues as well as those directly related to the regulatory aspects […]
IFLR1000 2020 – Araoz & Rueda featured in new rankings
The prestigious IFLR1000 guide highlights one more year Araoz & Rueda as a leading firm in Europe in 2020. The ranking highlights the firm in the following areas of practice: Corporate / M&A, Banking & Finance, Capital markets: Debt, Capital markets: Structured finance and securitisation, Capital markets: Equity and Restructuring and Insolvency. The following partners are recommended: […]
Not only bad news from the United States
While we have been bombarded almost daily with the unfair increase in custom duties on olive oil and wine products to the United States (“US”), we have also received good news from the US. On 16 July 2019, the US Senate finally ratified (after years of suspension by the US Senator Rand Paul) the protocol […]