Limited companies with only one euro of capital? Watch out for the small print On 27 July, the Spanish government approved the draft bill known as the “Crea y Crece Law” (Create and Grow Law). Its goal is to promote the creation and growth of companies in Spain. The bill is currently in the…
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Fourteen Proposals to Improve the New Spanish Startup Law And the day finally arrived. Five months after announcing that its approval was “imminent” (and more than two and a half years after starting its processing), on 6 July the Government approved its Report on the Draft Startup Law. Spain does not yet have…
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The Madrid Region invents a Public Poison Pill The poison pill (or shareholder rights plan) refers to a strategy that companies use to avoid a hostile takeover. It was invented by the legendary American lawyer Martin Lipton of Wachtell, Lipton, Rosen & Katz in 1982, i.e. at the beginning of the great wave of…
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Spanish Congress passed the New Riders Act: What now? The Spanish Congress has today passed the so-called “Riders Act“. This Act basically imposes two things: the presumption of a labour relation between riders and delivery platforms; and the obligation of all companies (whether they are platforms or not) to share with workers’ councils…
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Innovation in Madrid’s new Sustainable Mobility Ordinance: progress and doubts The Madrid City Council has just published its Preliminary Draft of the New Sustainable Mobility Ordinance (SMO). This text updates in depth the Ordinance approved in 2018 (it changes 109 of its 250 articles). It will be subject to a public hearing until 26…
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Blocking the sign of the times: a first analysis of the new Spanish Riders’ Law The Spanish Minister of Labour, Yolanda Diaz, gave a surreal press conference yesterday to present the new Riders’ Law. Here is a summary. While comparing herself to U.S. President Biden, the minister literally said that this is “a major…
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Five lessons from the elections in Madrid The results of the elections in the Comunidad (Region) of Madrid held on May 4 are as follows (with a scrutiny of 95.6%): Partido Popular wins the elections comfortably (44.57% of the votes) and reaches an absolute majority with VOX (9.11%); the Socialist Party (PSOE) suffers a…
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Madrid approves new measures to promote emobility Madrid City Council approved today 30 March its first Air Quality and Sustainability Ordinance. It will come into force the day after its publication in the Official Bulletin of the Region of Madrid (BOCM). It is worth noting that the Ordinance has counted with the Socialist Party’s vote…
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Europe sets homework for Spain’s future Start-up Law The Spanish Prime Minister, Mr. Pedro Sánchez, made an announcement on February 11th. He said that, “imminently”, his Government would begin to process the so-called Start-up Law (Emerging Companies’ Ecosystem Law in its formal name). Today is March 19th and “imminent” seems to be, well,…
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The origins of “Unblocking Disruption” I recently read “The Fixer” by Bradley Tusk. I found it fascinating. I believe that the business model that Tusk has created in the United States would be applicable to Spain (with the inevitable adaptations) and I intend to make it happen. Tusk (born in New York in…
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