General meeting of shareholders
Supreme governance body of capital companies. Approves annual accounts, appoints and removes directors, agrees on dividend distribution and statutory amendments. In LLCs: minimum 15 days' notice; in PLCs: 1 month. Resolutions adopted by majority of capital, except matters requiring reinforced majority.
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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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