Practice areas

The principle of proportionality justifies having a model of compliance adapted to the internal and external circumstances of the company. But in no case justifies not applying the principles of effective compliance.

The principle of proportionality cannot support irresponsible management.

Representative offices are only suitable when no substantial economic activity is to be undertaken in Spain and the office will be limited to performing secondary activities, such as coordination, collaboration or promotion of the parent company's activity.

Yes they can, Spanish civil and commercial jurisdiction declares that there is a right of appeal for cases over 3000€. There may be a further extraordinary appeal to the Supreme Court on cases over 600,000€.

Private equity adds value to a company in a variety of ways. Thorough due diligence sheds light on a company’s strengths and weaknesses alike, and with it comes a sound initial investment rationale. By targeting growth sectors and new markets, private equity investors can focus on creating better revenue generation and implementing programs that yield operational efficiencies. In addition to cost reduction, organic growth is now increasing in importance as growth by acquisition is becoming relatively harder to undertake.

It is also critical to establish a structure in which both investors and business managers share a common ownership vision, and are motivated to maximize value. Active ownership, effective organizational change and powerful incentive schemes are all part and parcel to the hands-on governance model that includes constant and keen oversight, defined goals and timing, disciplined decision-making and deep resources to match. Ultimately, this approach leads companies owned by private equity to outperform similar publicly-owned companies with relative benchmarks.