The Spanish Capital Companies Act (Royal Legislative Decree 1/2010, of 2 July) is the consolidated text governing capital companies in Spain — the limited liability company (SL), the public limited company (SA) and the partnership limited by shares. It regulates their incorporation, share capital, shares and quotas, governing bodies, the general meeting, annual accounts, structural modifications and dissolution.
In practice
The Spanish Capital Companies Act (LSC), enacted as Royal Legislative Decree 1/2010, of 2 July, is the consolidated text governing the legal life of Spanish capital companies, from incorporation to dissolution.
Its correct application is essential in company incorporation, shareholders’ agreements, capital increases and reductions, corporate transactions and director liability. BMC advises across the corporate lifecycle: see our Corporate Governance & Compliance and Corporate Transactions services.