Best Funds & Asset Management Lawyers in Spain

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Or refine your search by selecting a city:

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...
View profile
ASOBAN ABOGADOS
Murcia, Spain

Founded in 2007
50 people in their team
Spanish
English
At ASOBAN ABOGADOS we are experts in mortgage foreclosures , Second Chance law and ICO loans, providing effective solutions to people with any type of debt throughout Spain.We are a pioneering firm in the Second Chance Law with which, thanks to our advice, thousands of people in Spain have freed...
Vargas Vilardosa Abogados
Zaragoza, Spain

Founded in 2000
50 people in their team
Spanish
English
Lawyers specialized in Intellectual and Industrial PropertyVargas Vilardosa Lawyers was founded as a law firm that specialized in Intellectual and Industrial Property. As time has passed, we have responded to the evolving needs of our clients and so we have increased our services and scope of...

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,...
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...
Legal Solutions Latam Panama

Legal Solutions Latam Panama

1 hour Free Consultation
Madrid, Spain

Founded in 2019
12 people in their team
Spanish
English
German
Nuestra plataforma te hará más fácil y seguro acceder a servicios legales con confianza y garantías. Lo legal nunca fue tan sencillo. Abogados idóneos a tu disposición. Respuesta inmediata.Constituir empresa offshore en PanamáConstituir empresa operativa en PanamáAbrir cuenta bancaria...
MV Abogados
Zaragoza, Spain

Founded in 2000
50 people in their team
Spanish
English
THE OFFICEOur Law Firm is located in Zaragoza, but this does not limit us to taking on matters in any city in Spain. We work with great professionalism and always in accordance with our principles and values.The practice areas of the firm are negotiation and extrajudicial claims, Civil Law,...
Peralta Rojas Lawyers
Seville, Spain

Founded in 2017
50 people in their team
Spanish
English
The commitment to defending our clients’ interests and the excellence in our work are the hallmark of our law firm. We strive for our clients’ satisfaction and work hard to achieve it.From our office located in Plaza de la Magdalena, in the heart of Seville, we provide legal advice to...
Rodenas Abogados
Madrid, Spain

Founded in 2000
50 people in their team
Spanish
English
Ródenas Abogados & AssociatesPablo Ródenas, from an early age, felt a deep curiosity and interest in the world of law, influenced by his long family career in the legal sector.Graduate in Law and Financial Markets from the IEB University (Institute of Stock Market Studies) with several...
Necker Abogados

Necker Abogados

15 minutes Free Consultation
Madrid, Spain

Founded in 2022
10 people in their team
Spanish
English
Necker Abogados is a Spanish law firm with a strong track record in tax, corporate, restructuring and real estate advisory, as well as litigation services, all from an international perspective.We assist our clients with matters in Spain, taking into account international issues that may be...
AS SEEN ON

About Funds & Asset Management Law in Spain

Funds and asset management law in Spain governs the creation, management, and regulation of investment funds and the activities of asset managers. This legal field covers a variety of investment vehicles, including mutual funds, hedge funds, private equity, real estate investment trusts, and pension funds. The Spanish legal system aims to provide investor protection, maintain market integrity, and foster the growth of the financial sector in compliance with European Union standards. The main regulatory authority is the Comisión Nacional del Mercado de Valores (CNMV), which oversees the proper conduct of fund managers and ensures transparency in the market. Spanish law also incorporates several EU directives, including UCITS and AIFMD, which set standards for operation and supervision of these entities.

Why You May Need a Lawyer

Seeking legal advice in funds and asset management may be necessary in several situations. Common reasons include setting up or structuring funds, complying with licensing and registration requirements, and interpreting complex regulations. Legal support is often needed for drafting fund documents such as prospectuses, partnership agreements, and investor information materials. Lawyers play a crucial role in regulatory compliance, advising on cross-border investments, and resolving disputes between investors, managers, or regulatory authorities. If you are contemplating investments, launching a new fund, or facing an investigation by the CNMV, consulting a legal expert is strongly advised to mitigate risks and ensure lawful operation.

Local Laws Overview

Funds and asset management in Spain are predominantly regulated by Law 35/2003 on Collective Investment Schemes and subsequent amendments. The CNMV is the main supervisory body, responsible for the authorization, inspection, and sanctioning of collective investment entities and their management companies. Key laws include the Royal Decree 1082/2012, which sets out operational rules for both Spanish and foreign funds marketed in Spain, and the adaptation of EU directives on UCITS and alternative investment funds. There are strict rules on fund registration, transparency, reporting, risk management, investor eligibility, and conflicts of interest. Managers must also meet specific capital requirements and ongoing obligations to protect the interests of investors and ensure market stability.

Frequently Asked Questions

What types of investment funds are available in Spain?

In Spain, commonly available investment funds include mutual funds (fondos de inversión), real estate investment funds, hedge funds, private equity funds, and pension funds. Each has distinct regulatory requirements and operational structures.

Who regulates funds and asset management companies in Spain?

The primary regulatory authority is the Comisión Nacional del Mercado de Valores (CNMV), which supervises compliance with national and EU regulations regarding funds and asset management.

What is the process for setting up an investment fund in Spain?

Setting up an investment fund requires presenting a detailed application to the CNMV, including fund bylaws, prospectus, management plans, and proof of required capital. Approval is mandatory before the fund can operate or be marketed to the public.

Are foreign investment funds allowed to operate in Spain?

Foreign funds, particularly those registered in the EU, can operate and be marketed in Spain if they meet Spanish and EU regulatory standards. They must register with the CNMV and comply with local reporting and distribution rules.

What are the typical investor protection mechanisms?

Investor protection measures in Spain include mandatory disclosures, independent depositaries, segregation of client funds, regulatory oversight, and strict transparency on fees and investment policy.

What rights do investors have if something goes wrong?

Investors have the right to file complaints with the fund manager or the CNMV if they believe there has been a regulatory breach. They may also seek dispute resolution through specialized financial ombudsman services or the courts.

Is there a minimum investment amount required for funds?

The minimum investment can vary depending on the type of fund. Retail UCITS funds often have low barriers, while alternative investment funds may have higher minimums and specific eligibility requirements for professional investors.

How are asset management companies taxed in Spain?

Asset management companies are subject to standard corporate tax rates, but investment funds benefit from preferential tax treatment to avoid double taxation, provided they comply with legal requirements. Both capital gains and dividends paid to investors may be subject to specific withholding taxes.

What ongoing obligations do fund managers have?

Fund managers must comply with continuous disclosure, risk management, anti-money laundering checks, reporting to the CNMV, and maintaining adequate levels of capital and internal controls.

What happens if a fund manager breaches regulations?

If a fund manager breaches regulations, the CNMV can impose administrative sanctions, revoke licenses, and start disciplinary proceedings. Investors may claim compensation, and criminal liability can arise in severe cases.

Additional Resources

- Comisión Nacional del Mercado de Valores (CNMV): The main regulatory body for financial markets and asset management in Spain

- Spanish Ministry of Economy and Digital Transformation: Offers regulatory information and statistics on investment funds

- Asociación de Instituciones de Inversión Colectiva y Fondos de Pensiones (INVERCO): The main industry association for fund and asset managers in Spain

- Financial Ombudsman Service: Provides a mechanism for dispute resolution between investors and financial service providers

Next Steps

If you need legal assistance in funds and asset management in Spain, start by identifying the specific issue or requirement that concerns you. Gather all relevant documents, such as contracts, fund regulations, or communication with regulatory authorities. Consult a specialized funds and asset management lawyer to discuss your situation and receive tailored advice. Most professionals offer initial consultations to assess your needs and outline a preliminary strategy. Consider reaching out to the CNMV or professional associations for referrals to experienced legal practitioners. Acting quickly is important to ensure compliance, protect your investments, and avoid potential liabilities or penalties.

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 Funds & Asset Management, 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.