The Spanish Law 9/2017 on Public Sector Procurement (“LPSP”) regulates the exclusion of operators from public tendering procedures (article 71 et seq). The LPSP transposes Directive 2014/24/ EU, which sets out on article 57 a number of mandatory and discretionary grounds for excluding an economic operator from public procurement procedures. The Directive considered anticompetitive conduct […]
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” […]
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 […]
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 […]
Although it is not clear if it will be finally approved due to the lack of sufficient parliamentary support, Draft Bill on Digital Services Tax was released last month. Known as “the Google tax”, it is an indirect levy (in the words of the draft, compatible with VAT), which aims to tackle the problems of digital business […]
Up to a little less than a month ago, borrowers were the taxpayer of the Stamp Duty on mortgage loans. However, on October 16, 2018, the Supreme Court unexpectedly changed its criterion stating that said tax had to be paid by the lenders. Due to the “enormous economic and social impact”, the Supreme Court announced […]
Arbitration analysis: Clifford J Hendel, partner with the Spanish law firm Araoz & Rueda, examines a Permanent Court of Arbitration (PCA) tribunal’s rejection of the claimant foreign investors’ case that the respondent state had breached its obligations to them under a bilateral investment treaty (BIT) when it amended its incentive regime for the renewable energy […]
