Opinions

The Tsunami following last Friday’s quake was, for Nuclear power in Japan, what the Feed in Tariff cut of last December has been for Photovoltaic Power in Spain. The irony of the situation is that since the Spanish FIT cut, both the situation in oil prices and nuclear security are prompting many a commenter to … Continued

late February the commission of the Spanish Senate for Economic and Treasury Affairs approved a derogation of the hour profiles of L14/2010, which was voted on favourably in the Senate on the 23rd of February, to be voted in the Congress. The latter was going to be the bottleneck, given the voting practices until now, … Continued

Credit entities are exempted for IPO obligations accrding to RDL2/2011 for the reeinforcement of the financial system in Spain. This exception has been introduced to simplify the integration of financial entities in distress. The obligation of article 60 of the Ley de Mercado de Valores is not applicable if a restructuring of a Spanish credit … Continued

Of course Mr. Oettinger is not at all amused by the recent approval of Spain’s retroactive feed-in-tariff cut, he told the press after the presentation of the EU progress reports. The Spanish move is especially nasty for the required private financing effort. UPDATE MARCH 3 2011: Mr. Oettinger wrote al letter to Mr. Sebastián, our Spanish Industry … Continued

linked in positie

In earlier posts on this blog we mentioned the Spanish Jurisprudence on retroactivity in feed in tariffs. In our article on RD1565/2010 we explained retroactivity in Spanish Jurisprudence in general, and in a more recent article we expressed our doubt with regard to the compatibility of this jurisprudence with European Law. Syntax I am a … Continued

Litigation L14/2010: We offer an integral approach to litigate against L14/2010, combining a direct and indirect appeal against the aforementioned Law, including the recovery of damages. The direct appeal is exceptional and will be based on European Law (Directive 2009/28/EC), with the ultimate goal to obtain a declaration of inapplicability of certain clauses of L14/2010 … Continued

Only the amendments of the extension from 25 to 30 years, the ICO finance and the clause avoiding future changes have finally been approved in the Senate. The other amendments, which potentially would have substantially eased the feed-in-tariff cuts, unfortunately have been withdrawn. We refer to our comments on the amendments in our earlier posts. … Continued

In two days from now, on Wednesday February 9th, the Spanish Congress will vote on a series of amendments to L14/2010, proposed by two minority parties CIU and PNV (Catalan and Basque nationalists). You can read about the content of these amendments in earlier posts on this blog. In this article we analyse these amendments in the … Continued

RDL14/2010 has been approved and is now L14/2010, notwithstanding, a few minority parties in the Spanish congress have proposed amendments to this law. Coming Wednesday is a big day for the Spanish PV sector: the aforementioned proposals to L14/2010, also earlier discussed in this Blog, are supposedly scheduled for voting that day. This is hearsay, the … Continued

On the 3rd of June 2009 the new law on structural modifications in corporations entered into force in Spain. In the light of the simplifications introduced by this law, in this article we briefly analyse how the to interpret the option to choose for the regulation of the special fiscal regime concerning company restructuring. We … Continued

  Our renewables Blog has been online for two months now, and its resonance with our readers has been great. We are now launching our Corporate & Tax Blog, we hope that this section will receive equal interest from our clients and referring colleagues. Stay tuned, we will start posting this week. If you would … Continued