The Co-Investment Fund (FOCO)

In Spain, the Council of Ministers of 27 December 2023 approved the creation of the Co-Investment Fund (also known as “FOCO” in spain). The management of the Fund is entrusted to COFIDES and will have resources from the Next Generation…

“Silent bankruptcy” – Unpublicised preparation for a business failure – A new and efficient tool in the restructuring toolbox?

INADEQUACY OF JUDICIAL REORGANISATION (“PGR/PRJ”) PROCEDURES – (procedure gerechtelijke reorganisatie {PGR} / procédure réorganisation judiciaire {PRJ}) Successive crises have resharpened businesses’ focus on how to achieve…

When am I a tax resident in Spain? How do I calculate the 183 days?

According to the Law 35/2006 on Personal Income Tax and other Spanish tax legislation, an individual becomes a tax resident in Spain if any of the following circumstances apply: Spend more than 183 days in Spain, during a calendar…

2023 Recap and 2024 Trends on Labor Relations in Brazil

2023 proved to be pivotal for labor relations in Brazil due to new legislation and positions that reshaped the judicial landscape. In this article, we propose a retrospective analysis, aiming to highlight the events and trends that shaped the…

Penalties for Spanish companies for not implementing an ethical or whistleblowing channel

In Spain, Law 2/2023, of 20 February, regulating the protection of persons who report regulatory infringements and the fight against corruption, establishes that all companies with more than 50 employees and organisations that manage public…