Deductibility of remuneration received by directors without approval by the general meeting of shareholders

The Supreme Court considers that the remuneration received by the directors cannot be considered as mere donations due to the fact that they are not approved by the General Shareholders’ Meeting or due to the commercial nature of the relationship with the company. In the ruling of 18 January 2024, STS 214/2024, the Supreme Court […]
Shareholder’s standing to bring a company action for liability brought by the company

The shareholder is entitled to bring a direct company action in cases of breach of the duty of loyalty, irrespective of whether the company has previously brought such an action. By allowing the shareholder to have standing to bring the identical action, the right of the minority shareholder is protected, who would not be left […]
Registration of a corporate resolution to rescind a previous transformation resolution

Corporate resolutions that seek to render a previous resolution null and void shall not have retroactive effect and must meet the requirements laid down in the legal system for the adoption of the new resolution. In 2020, a public limited company adopted by majority vote a resolution to convert into a limited liability company. In […]
Related-party transactions and directors’ duty of loyalty

Directors have a duty to act in good faith and in the best interests of the company, and must therefore refrain from participating in the deliberation and voting on resolutions and decisions that give rise to a direct or indirect conflict of interest. In judgment 504/2023 dated 29 November 2023, the Barcelona Provincial Court heard […]
An indefinite shareholders’ agreement

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Reexamination of the relationship theory and the personal income tax exemption for compensation received by directors upon termination of their senior management employment relationship without agreement with the company

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RNH 2.0 & Startups

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