Government measures in key jurisdictions 2nd edition final pages - Flipbook - Page 93
Spain
We provide here a chart summarizing all the applicable measures and relevant legislation
in each case.
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Winding up and right of withdrawal at commercial companies. Some of the key new
provisions in connection with the corporate bodies of the Spanish companies affect
issues related to winding up and the right of withdrawal of shareholders or members.
As a result of that, companies must be aware of to the various grounds for winding up
and how the right of withdrawal of shareholders at capital companies and members of
cooperative companies has changed. In this regard, according to the new provisions
published, losses for fiscal year 2020 shall not be taken into account for the purposes of
determining the ground for winding up of a Spanish company.
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For further information regarding winding up and right of withdrawal at commercial
companies, please visit our briefing chart here.
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For more information please visit: Royal Decree-Law 8/2020 of March 17, 2020 launches
urgent and extraordinary measures to confront the economic and social impact of
COVID-19, and COVID-19: Key new legislation introduced in Royal Decree-Law 11/2020
Government measures in key jurisdictions
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