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Privacy and Data Protection Risks in the Use of Artificial Intelligence

Artificial Intelligence (AI) has revolutionized various sectors, bringing exciting innovations. However, along with its advantages, significant challenges arise, especially regarding the protection of data subjects. AI employs a variety of…

Analysis of the Mergers and Acquisitions market in Spain for 2023

The year 2023 was the scene of a number of changes and challenges in the Spanish mergers and acquisitions (M&A) market. According to TTR’s annual report, a total of 3,032 M&A transactions were carried out, with a combined value…

Receiving an inheritance from abroad: special considerations for Spain taxpayers

My habitual residence is in Spain and I receive an inheritance abroad. Do I have to pay taxes in Spain? Can I deduct inheritance tax paid abroad? The tax consequences in Spain of receiving an inheritance abroad will depend on where…

Franchise networks and the protection of personal data

Although it came into force on 25 May 2018, compliance with the GDPR still remains a challenge for many businesses, particularly franchise networks. Such commercial collaboration between companies inherently involves the processing of personal…

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…