What is a Scheme of Arrangement (SoA)? A SoA is a process regulated under Part 26 of the Companies Act 2006[1] whereby a company can make an arrangement with its creditors or members to pay back part or all of its debts. This procedure can be used by insolvent or solvent companies. The scheme …
THE IMPACT OF BREXIT ON ENGLISH SCHEMES OF ARRANGEMENT FOR FOREIGN COMPANIES Leer más »
What is a Permanent Establishment (PE)? The concept of PE will depend on whether the country of residence of the taxpayer, has a double tax agreement (DTA) entered with Spain (SP), as we explain below: If the country of residence of the taxpayer has no DTA in place with SP, the definition of PE …
DOING BUSINESS IN SPAIN AFTER BREXIT: PERMANENT ESTABLISHMENT: Frequently Asked Questions Leer más »
Appointing a commercial agent can help you grow your business, particularly if you are looking to expand into foreign markets. WHAT IS A COMMERCIAL AGENT? A commercial agent is an individual or legal entity committed, in a continuous or stable way and for a remuneration, to another individual or legal entity (principal) to carry out …
Has the conveyancing process changed for UK nationals? No, the property purchase process has no changed as a result of Brexit. However, as an exception to that rule, as from 1 January 2021, UK nationals who wish to buy a property or land surrounding a military base in Spain, will need a military permit from …
BUYING A PROPERTY IN SPAIN AFTER BREXIT: FREQUENTLY ASKED QUESTIONS Leer más »
BREXIT BUSINESS PLAN: OPERATE IN EUROPE THROUGH A SUBSIDIARY OR BRANCH. If you are looking to establish a presence within the European Union (EU) after Brexit, you may wish to consider setting up a branch or subsidiary in Spain (SP). SPANISH SUBSIDIARY OR BRANCH: WHICH IS BEST? The key differences to consider when choosing …
BREXIT: OPERATE IN EUROPE THROUGH A SUBSIDIARY OR BRANCH. Leer más »
On 31 December 2020, the European Regulation on Insolvency Proceedings (EIR) ceased to apply in the United Kingdom (UK), and the UK-European Union (EU) Trade and Cooperation Agreement (TCA) came into effect. The TCA made no provisions for cooperation and recognition in cross-border insolvency proceedings. Thus, albeit technically there is no “No Deal Brexit”, we …
Following the end of the Brexit transition period on 31 December 2020, we have received several enquiries as to how jurisdiction and enforcement of orders in cross-border disputes will be determined as from 1 January 2021. Proceedings started up to 31 December 2020 When proceedings started before 31/12/2020, within the European Union (EU), …
The EU and the UK are major partners when it comes to trade in services and investment. While the UK was an EU Member State, participating in the EU Single Market and benefitting from the free movement of persons and services, businesses could supply services freely across the EU. The UK benefitted from the EU’s …
The United Kingdom (UK) left the European Union (EU) on 31st January 2020. However, although the UK is no longer a member state of the EU, European legislation continues to apply in the UK until 31 December 2020 (the Transition Period). Therefore, the question is what will happen when the transition period comes to …
A no deal scenario is one where on 01.01.2021 the United Kingdom (UK) leaves the European Union (EU) becoming a third country, without a Withdrawal Agreement and framework for a future relationship in place between the UK and the EU. The purpose of EU rules in company law framework is to enable businesses setting …