Best Corporate Governance Lawyers in Spain

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LBO Legal
Seville, Spain

Founded in 2012
10 people in their team
Spanish
English
We are a law firm that was born in Seville in 2012 under the brand LBO Abogados and whose bases are the resolutive capacity, professional honesty and full availability to our portfolio of clients to whom we offer legal, tax, labor and personal data protection services.If there is one thing we are...
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Almar Lawyers
Ibiza Town, Spain

English
Almar Lawyers, based in Ibiza's central square, Vara de Rey, is a distinguished law firm founded by Ibizan natives Alejandro Bonet Templeton and Nadine Schröder. With extensive experience in major law firms across the Balearic Islands and mainland Spain, they established Almar Lawyers to...

English
Rochina Abogados & Asesores, located in Adeje, Santa Cruz de Tenerife, offers comprehensive legal and business advisory services. The firm specializes in various areas of law, including civil, criminal, labor, commercial, and tax law, as well as business consulting services such as accounting,...
RASSEEN LAW FIRM
Madrid, Spain

Founded in 2020
20 people in their team
English
Spanish
A Saudi company using the latest technologies in the world of law, in line with the Kingdom's vision 2030. Its core is the aware and educated youth who graduated of the most advanced programs in the field of law and consultations.The company obtained an approval to legal practice and provide legal...

English
Duarte & Julián Abogadas is a multidisciplinary law firm based in Salamanca, Spain, offering specialized legal services to individuals, self-employed professionals, and businesses. The firm provides personalized legal solutions across various areas of law, including inheritance and succession,...
Vanguard Law Associates

Vanguard Law Associates

30 minutes Free Consultation
Marbella, Spain

Founded in 2023
5 people in their team
Spanish
English
Swedish
Italian
Vanguard Law Associates | Expert Real Estate & Property Lawyers in MarbellaVanguard Law Associates is a premier law firm based in Marbella, specializing exclusively in real estate and property law. With a strong reputation for legal excellence, we provide comprehensive solutions for property...
BJ Abogado
Seville, Spain

Founded in 2000
50 people in their team
Spanish
English
WE CARE ABOUT YOUR PROBLEMSWe are a law firm in Seville that aims to provide an agile and quality response to each of our clients. We are aware that we live in an increasingly technologically advanced society and, therefore, speed in providing a response is one of our most valued qualities.At BJ...
Vosseler Abogados
Barcelona, Spain

Founded in 1997
50 people in their team
Spanish
English
Vosseler Abogados was born in 1997 with the intention of creating a dynamic and current firm. A law firm close to clients, where in addition to working with the utmost professionalism to defend their interests, the necessary complicity and a closer relationship between lawyer and client is...
UNIVE Abogados
Madrid, Spain

Founded in 2006
200 people in their team
Spanish
English
Unive Abogados was created in 2006 as a result of an important project initiated by a group of university professors who decided to take the definitive step in their attempt to transfer the university way of work to the business or professional field.The fundamental pillars on which the service...
Mariscal & Abogados
Madrid, Spain

Founded in 2001
50 people in their team
Spanish
English
OUR MISSIONMiguel Mariscal‘s vision for founding Mariscal & Abogados was to offer exceptional legal advice to companies, particularly those with an international presence in Spain. To achieve this goal, he gathered a team of exceptionally skilled lawyers fluent in Spanish, English, French,...
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About Corporate Governance Law in Spain

Corporate Governance in Spain refers to the system of rules, practices, and processes by which companies are directed and controlled. It encompasses the mechanisms through which corporations, especially publicly listed companies, balance the interests of shareholders, management, customers, suppliers, financiers, government, and the wider community. Spanish Corporate Governance is shaped by both national legislation and European Union directives, with an emphasis on transparency, accountability, and integrity within company structures.

Why You May Need a Lawyer

There are several common situations where individuals and businesses may require a lawyer knowledgeable in Spanish Corporate Governance:

  • Establishing a company or restructuring an existing corporate structure
  • Ensuring compliance with local and EU Corporate Governance regulations
  • Drafting and reviewing board charters, bylaws, or internal governance codes
  • Resolving disputes between shareholders, directors, or other stakeholders
  • Managing risks related to directors' duties and liabilities
  • Advising on mergers, acquisitions, or significant transactions requiring Corporate Governance scrutiny
  • Implementing internal controls and conducting legal audits
  • Dealing with whistleblower concerns or reports of corporate malpractice
  • Preparing for or responding to investigations from regulators

A specialized lawyer ensures decisions comply with Spanish law and best practice, protecting clients against potential legal or financial consequences.

Local Laws Overview

Spanish Corporate Governance is principally governed by the Spanish Companies Act (Ley de Sociedades de Capital - LSC), alongside the Securities Market Act and various regulations enforced by the National Securities Market Commission (Comisión Nacional del Mercado de Valores - CNMV). The CNMV also issues non-binding Corporate Governance Codes, such as the Good Governance Code for Listed Companies, which serve as benchmarks for responsible practices.

Key aspects of local laws include:

  • Board Composition and Roles - Spanish law sets requirements for board meetings, composition, independent directors, and committees (such as audit and remuneration).
  • Shareholder Rights - There are explicit protections for minority shareholders, and mandatory disclosures for significant company decisions.
  • Transparency - Listed companies must regularly disclose governance-related information, including annual governance reports.
  • Director Duties - Directors owe fiduciary and duty-of-care obligations to the company, with personal liability for breaches.
  • Gender Diversity - There are recommendations and soft quotas to promote increased female representation at board level.
  • Internal Controls - Companies must implement internal controls to ensure legal compliance and effective risk management.

Frequently Asked Questions

What is Corporate Governance and why does it matter in Spain?

Corporate Governance refers to the processes and policies by which companies are directed and controlled. In Spain, effective Corporate Governance helps ensure transparency, accountability, and ethical management, which are vital for investor confidence and legal compliance.

Who regulates Corporate Governance in Spain?

Corporate Governance is regulated by the Spanish Companies Act, the Securities Market Act, and guidelines from the CNMV. Listed companies are particularly subject to oversight from the CNMV.

Are Corporate Governance codes mandatory in Spain?

Most Corporate Governance codes, such as the Good Governance Code for Listed Companies, are not legally binding. However, companies listed on Spanish stock exchanges must explain any deviations from these codes to shareholders and the CNMV.

What are the main duties of company directors under Spanish law?

Directors must act in good faith, with loyalty to the company, and exercise due care and diligence. They must avoid conflicts of interest and can be personally liable for decisions that harm the company.

How are conflicts of interest handled in Spanish companies?

Directors must disclose any potential conflicts of interest to the board and, in some cases, abstain from voting or participating in relevant decisions. Failure to do so can result in liability.

What rights do minority shareholders have under Spanish law?

Minority shareholders have legal protections such as the right to request information, call extraordinary meetings, and seek judicial relief if directors act against the company's or shareholders' interests.

How important is diversity on corporate boards in Spain?

Diversity, especially gender diversity, is strongly encouraged through recommendations and reporting requirements. While there are no strict quotas for all companies, the trend is toward greater boardroom diversity.

What reporting obligations do Spanish companies face?

Listed companies must submit annual Corporate Governance and Remuneration Reports, disclose significant transactions, and update the CNMV and shareholders on key governance matters.

Do international companies have to comply with Spanish Corporate Governance laws?

International companies operating in Spain or listed on Spanish exchanges are generally subject to Spanish Corporate Governance standards for their Spanish entities.

What happens if a company fails to comply with Corporate Governance rules?

Non-compliance can lead to regulatory investigations, fines, civil liability for directors, or reputational damage, and may affect a company's ability to attract investment.

Additional Resources

For further guidance and up-to-date information, consider consulting:

  • Comisión Nacional del Mercado de Valores (CNMV) - issues Corporate Governance guidelines and monitors compliance
  • Bolsa de Madrid - offers Corporate Governance requirements for listed companies
  • Spanish Ministry of Economy and Business - oversees company laws and reforms
  • The Spanish Institute of Directors (Instituto de Consejeros-Administradores, IC-A) - provides resources and training
  • Chambers of Commerce in Spain - offer support and guidance for businesses
  • Local or international law firms with dedicated Corporate Governance practice groups

Next Steps

If you require legal assistance with Corporate Governance in Spain:

  • Assess your specific needs-identify if you require help with compliance, risk management, board matters, or dispute resolution
  • Gather all relevant documents such as bylaws, board minutes, or shareholder agreements
  • Contact a lawyer or legal firm with expertise in Spanish Corporate Governance
  • Prepare a list of your questions and objectives for your initial consultation
  • Review and follow legal advice to ensure your company’s long term compliance and success

Remember that Corporate Governance regulations may change, so ongoing legal guidance is important to stay compliant and protect your business interests in Spain.

Lawzana helps you find the best lawyers and law firms in Spain through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Corporate Governance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Spain - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.