Share Transfer Restrictions and Corporate Purpose in Spanish Limited Liability Companies (SL)
Assumption 6
Three partners decide to form a corporation with limited liability (SL) with an amount of share capital of €50,000. They decide to issue equity to cover that amount. The writing which contains the requirements for registration is taken to register and enroll. But after two years of functioning of the company and not having planned anything in the statutes, one partner transfers his shares to a brother, another to a spouse, and the third partner to a friend. None of them have previously
Read MoreLegal Provisions on Criminal Offenses and Procedures
Article 61
Are considered criminal offenses of lower offensive potential, for the purposes of this Act, misdemeanors and criminal crimes to which the law imputes a maximum penalty not exceeding two (2) years, combined with or without a fine. (Writing by Law No. 11,313, 2006)
Law 8.137/90 Article 5
Crimes of the same nature are:
- Require exclusivity of advertising, transmitting, or distribution of advertising material, to the detriment of competition;
- To condition the sale of goods or service utilization
Understanding Property Law: A Comprehensive Guide to Possession and Ownership
LAW OF THINGS (Article 1196 to 1510 CC)
Property law encompasses the rules governing relationships between individuals and things. However, not all things are subject to this right, which focuses on things with economic value.
PERSONAL RIGHTS vs. REAL RIGHTS
Personal Rights grant the holder the right to take action against specific individuals to obtain a court-ordered remedy.
Real Rights grant the holder the right to act against everyone and everything that interferes with their right.
- Personal rights
Right to Privacy, Data Protection & Private Security in Spain
Right to Personal and Family Intimacy and Data Protection in Spain
European Union Legislation
Apart from Article 18 of the European Convention on Human Rights (right to privacy), regulations exist at the Community level concerning personal data protection. Policy 25/46 of 24-10 addresses the physical protection of personal data with regard to processing and free movement. This policy establishes a framework adopted by each country, based on the Treaty on European Union, to ensure the free movement
Read MoreThe Audit Process: Planning, Reporting, and Opinions
The Planning Process
It was decided a priori to determine the audit procedures and techniques to be used, the tests to be performed, and the working papers to document the work and staff involved.
Phases of Planning
The plan covers all stages of developing an external audit. We will outline these stages, including the internal control procedures and the final phase.
A) Preliminary Phase:
The success of the audit work depends largely on good planning and proper documentation. The preliminary stage includes:
Read MoreEU Influence on Private Security & Research: A Legal Overview
The Influence of the European Union on Safety and Private Security Research
EU Law and Freedoms
EU law establishes a range of freedoms designed to ensure a common market among member countries. These freedoms, however, can be subject to limitations for reasons of public order, public health, and safety.
Key Articles of the Treaty on European Union:
- Art. 39: Free movement of workers. Abolition of discrimination based on nationality in relation to employment, remuneration, and working conditions. This