The certification had the signatures of both joint administrators, duly notarized. However, only one of them signed the deed of sale, in which the agreement of the administrative body was elevated to public deed. Both the General Direction and the Registrar considered that this violated article 1280.5 of the Civil Code, which requires that certain… Continue reading The notarization by a single joint administrator
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Tag: Corporate Law
Commercial advisor: Keys to the creation of the Central Registry of UBO
On September 19, 2023, Royal Decree 609/2023 will enter into force, creating the Central Registry of UBO (“RCTR“) and approving its regulations. The purpose of this article is to determine the keys to the creation of the RCTR and the consequences for the different obligated parties. Legal Context: Last July 11, Royal Decree 609/2023 of… Continue reading Commercial advisor: Keys to the creation of the Central Registry of UBO
Commercial advisor: The contribution of the shareholders to the 118 Account of the General Accounting Plan: A flexible form of financing?
The 118 Account is a useful accounting instrument for companies that need to solve financial or treasury problems when financing specific projects. However, it is common that shareholders choose this form of financing without understanding the true nature of this business. The purpose of this article is to clear up any doubts that may arise… Continue reading Commercial advisor: The contribution of the shareholders to the 118 Account of the General Accounting Plan: A flexible form of financing?