Right of separation due to change in corporate purpose
The Provincial Court (AP) of Madrid considers that the lack of coincidence between the corporate purpose and the activities actually carried out by a company
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LO 2/2024 transposes Directive (EU) 2022/2381 of the European Parliament and of the Council of 23 November 2022 into Spanish law, defining equal representation as a situation in which neither sex exceeds 60% nor is less than 40% in each area, except in cases where female representation exceeds 60%, always in line with the principle of affirmative action.
Regarding the corporate sphere, LO 2/2024 establishes specific requirements for listed companies and public interest entities, when they meet certain requirements, such as having an average of more than 250 workers or exceeding 50 million euros in annual turnover.
The main obligations imposed by the law include:
Failure to comply with these obligations will be considered a serious infringement, as established in article 292 of the Securities Market and Investment Services Act.
As regards implementation deadlines, the law foresees a gradual timetable. For the 35 listed companies with the largest market capitalisation, the deadline is 30 June 2026, while for the remaining listed companies it will be 30 June 2027. Public interest entities will have differentiated deadlines, reaching 40% representation by June 2029.
The Provincial Court (AP) of Madrid considers that the lack of coincidence between the corporate purpose and the activities actually carried out by a company
The Provincial Court (AP) of Jaén confirmed the nullity of a joint account agreement signed in August 2015, on the grounds that it concealed an
In the context of a merger by absorption registered in the Commercial Registry during the 2025 fiscal year, the absorbing entity assumes the obligation to
