March 2014

No, there is no obligation to report. The same criterion applies to assets and rights subject to obligations about reporting regulated in the law.  Therefore if they are acquired during the financial year and your title upon them terminates in the same period, there is no obligation to report.

The number of Spanish enterprises entering into Judicial Bodies of Creditors in Bankruptcy (Concursos de Acreedores) descended in AprilThe Council of Ministers has approved bills to adapt Spanish legislation to European regulations so that the authorities are able to exchange information about criminal records  and to transfer and execute penal judicial rulings in the scope of the European Union.

The text also enshrines the principle of equivalence of judgements pronounced in the European Union. That means that such judgements will be taken into account in penal legal proceedings that are opened after by new offences under the same conditions as if the convictions had been issued in the country concerned.