
How to structure deferred payments and cross-guarantees in small-market M&A transactions
In small-market M&A transactions, deferring part of the purchase price is not an exception but a common feature of the deal structure. It reflects not
The recent approval of Royal Decree-Law 15/2025 has reconfigured the fiscal digitalization timeline, granting a necessary additional margin for the technical transition of billing software.
The new horizon is established as follows:
This postponement makes 2026 the critical period for companies to audit their current systems and ensure their programs guarantee the integrity, preservation, and inalterability of the records required by the regulation.
In the real estate sector, the processing of the Law for the Impulse and Balanced Development of the Region (Ley LIDER) in the Community of Madrid stands out. This regulation is born with the ambitious goal of replacing the current Land Law to unify scattered regulations and offer a framework of total legal certainty to developers and investors.
Ley LIDER introduces planning instruments aimed at drastically reducing administrative approval times, facilitating agility in land management and urban regeneration—key factors for the region’s competitiveness.
One of the most disruptive proposals from the European Union is the creation of a unique corporate framework known as the “28th Regime”. This proposal seeks to eliminate barriers between the 27 national corporate regimes through the creation of the Unified European Company or Societas Europaea Unificata (S.EU).
While its definitive scope (including possible fiscal and labor measures) is still under debate, its implementation—expected starting in 2026-2027—will represent a fundamental advance for startups and emerging companies seeking agile cross-border expansion without bureaucratic friction.
A significant update to Foreign Direct Investment (FDI) controls is expected.

In small-market M&A transactions, deferring part of the purchase price is not an exception but a common feature of the deal structure. It reflects not

Equity compensation plans raise particularly complex tax questions when the beneficiary relocates to Spain. In these cases, it is not enough to look at the

Investors setting up a company in Portugal usually end up choosing between two corporate forms: the private limited company (sociedade por quotas, Lda.) and the
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