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Resolutions by the Directorate General for Registries and Notaries of January 10 and 17, 2013: out-of-court mortgage foreclosure and cancellation of subsequent charges

Cuatrecasas Gonçalves Pereira
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Spain
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April 23 2013

The Directorate General for Registries and Notaries confirmed that the execution or foreclosure of a mortgage out of court is enforceable against

Asset management companies and the SAREB, established in Act 92012, of 4 November and Royal Decree-law 15592012, of 15 November

Herbert Smith Freehills LLP
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Spain
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December 4 2012

Royal Decree 15592012 was approved on 15 November, which implemented and completed the legal regime generally applicable to asset management companies, and also included specific regulations related to the Sociedad de Gestión de Activos para la Reestructuración Bancaria (Asset Management Company for Assets Arising from Bank Restructuring, or "SAREB") colloquially known as "bad bank"

General counsel update - 27 September 2012

Herbert Smith Freehills LLP
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Indonesia, Myanmar, Spain, United Kingdom
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September 27 2012

This is the 31st in our series of general counsel updates which aim to summarise major developments in key areas

Tax & Real Estate Spain

Squire Sanders
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Spain
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June 21 2012

Royal Decree-Law 182012, dated 11 May, concerning the writedown and sale of the financial sector’s real estate assets, implements the following new tax regulations

Financial services legislative and regulatory update - June 11, 2012

Mintz Levin Cohn Ferris Glovsky and Popeo PC
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Canada, Spain, USA
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June 11 2012

On Sunday, Spain announced that it would be seeking a bailout and the Eurozone banks agreed to lend Spain 100 billion euros ($125 billion dollars) in order to stabilize its banks

General counsel update: 31 May 2012

Herbert Smith Freehills LLP
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Argentina, China, European Union, Hong Kong, Singapore, Spain, United Kingdom
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May 31 2012

This is the twenty-ninth in our series of General Counsel Updates which aim to summarise major developments in key areas

New regulatory requirements to improve balance sheets of Spanish banks

Herbert Smith Freehills LLP
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Spain
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May 18 2012

A Royal Decree approved on 11 May 2012 aims to restore confidence in the Spanish financial system, currently heavily burdened by distressed real estate assets

Reform of the financial sector and the real estate market related aspects

Squire Sanders
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Spain
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March 29 2012

On the 3rd of February, the Spanish Cabinet approved a Royal Decree Law to reform the financial system, aimed at strengthening the country’s banking sector and boosting its credibility both at home and abroad

Resolutions of the General Directorate for Official Registers and Notaries and recent case-law

Squire Sanders Hammonds
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Spain
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November 30 2011

With the Ruling given on 16th September the Provincial High Court upheld that the surrender of the mortgaged property pays off the mortgage debt assumed by the borrower with the lender

Stamp Duty exemption on the novation of mortgage credits: comments on the new criteria determined by the tax authorities' ruling dated 10 May 2011

Clifford Chance LLP
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Spain
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July 21 2011

The purpose of this Client Briefing is to analyse the recent Binding Decision of the General Directorate of Taxation ("DGT") of 10 May 2011, number V1156-11 (the "Decision"), in relation to the application of the exemption of the Transfer Tax and Stamp Duty (Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados, "ITPAJD"), as established in Article 9 of Law 21994, dated 30 March, on the Subrogation and Modification of Mortgage Loans ("Law 21994") to public deeds for the novation of mortgage credits

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Resolutions by the Directorate General for Registries and Notaries of January 10 and 17, 2013: out-of-court mortgage foreclosure and cancellation of subsequent charges

Asset management companies and the SAREB, established in Act 92012, of 4 November and Royal Decree-law 15592012, of 15 November

General counsel update - 27 September 2012

Tax & Real Estate Spain

Financial services legislative and regulatory update - June 11, 2012

General counsel update: 31 May 2012

New regulatory requirements to improve balance sheets of Spanish banks

Reform of the financial sector and the real estate market related aspects

Resolutions of the General Directorate for Official Registers and Notaries and recent case-law

Stamp Duty exemption on the novation of mortgage credits: comments on the new criteria determined by the tax authorities' ruling dated 10 May 2011

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