TRAFFIC LAW. Not identifying the driver of your vehicle in cases of a traffic offence (e.g. speeding) could result in a fine of 900 Euros-

Dear Sirs, A few weeks ago I received a notice from Trafico stating that my car was traveling at 120 km/h in an area where the speed was limited to 80km/h, and that they opened a fine – penalty procedure. I did not realize that I had been asked to identify the driver and therefor […]

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Finally, the complete Spanish High Court Order concerning the mortgage floor rate clauses has been published. If you have a mortgage loan, this is of interest for you.

Dear Readers , As informed previously, a mortgage or interest floor rate (clausula suelo) is a clause included in most mortgage loan agreements, setting a minimum rate of interest. These clauses limit any possible fall in the level of interest rates, normally the Euribor. As announced some weeks ago, the complete Court Order from the […]

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Business affairs and Company Commercial Law in Spain. The transfer and sale of shares in a SL ( Limited Spanish Company). The share purchase between shareholders.

CONSULTATION: Dear Sirs,I own part of an SL company in Javea (Alicante). The total capital of the company is distributed as follows: I have 40% of the shares, Ms X has 30% shares and Mr Y has the rest 30%.Ms X wants to buy me out and we have agreed a price for my shares. […]

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