With the much-debated reforms to Act 19/2003 of 4 July, on capital movements (“Act 19/2003”), the Spanish foreign direct investment (“FDI”) regime has been expanded over the past few years. However,…
Three years after the introduction of Spain’s FDI General Screening Mechanism (in 2020), Spain has finally approved its FDI Implementing Regulation (for the entire text, unfortunately only available…
Background
It has become usual in Spain’s FDI system for reforms to be introduced by measures formally unrelated to FDI. The latest reform is no exception and Articles 61 and 62 of Royal Decree Law…
“All animals are equal but some are more equal than others” (George Orwell, ‘Animal Farm’)
On 28 November 2022, the Council of the European Union gave its final approval to the new EU Foreign…
Almost two and a half years have passed since Spain’s Royal Decree Laws 8/2020, of 17 March, on extraordinary urgent measures to address the economic and social impact of COVID-19, 11/2020, of 31…
With the much-debated reforms to Act 19/2003, of 4 July, on capital movements (“Act 19/2003”), the Spanish foreign direct investment (“FDI”) regime has been expanded over the past few years. However…
Background
The recent proliferation of foreign direct investment regimes (“FDI”) in Europe baffles practitioners and deal makers alike. Why is my acquisition of, say, a developer of grapes in Spain…
Background
Another day, another ground-breaking change in Spain’s FDI rules. November 2021 has been an eventful month for FDI in Spain. The following two developments are likely to be consequential…
There is a lot of hype about the Spanish FDI regulations introduced by a number of Royal Decrees in 2020: fines of up to the value of the deal, non-controlling acquisition of shares can potentially…
