Corporate demerger / spin-off
Reverse of a merger: a company splits, transferring all or part of its assets to one or more beneficiary entities. Total demerger: the demerged company is extinguished and its assets distributed among the beneficiaries. Partial demerger: only a branch of activity is segregated, the original company surviving.
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Other Commercial law terms
Universal judicial proceeding to resolve a debtor's insolvency, balancing the interests of all creditors. May end in a payment agreement or asset liquidation.
Commercial corporate form where capital is divided into shares and partners' liability is limited to contributed capital. Most common form in Spain for SMEs.
Commercial corporate form with capital divided into freely transferable shares. Minimum capital: EUR 60,000, at least 25% paid up. Mandatory for listed companies, banks and insurers.
Distinctive sign identifying products or services in the market. Registered with OEPM (Spain) or EUIPO (EU). Protection for 10 renewable years. Grants exclusive use rights and infringement prosecution.
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