December 2009

All waters (surface waters as well as the subterranean ones) are forming part of the so called Spanish State’s Public hydraulic domain, and are subject to general Public interests. Even though the waters cannot be privately owned in Spain, their common use, as well as their...

A proper and accurate description of the property. Full identification and contact details of buyer and seller. Fully determined price of the sale. Method of payment. Clause about freedom of all charges and liens. Clause about who shall be paying the transfer’s expenses and taxes. Clause about consequences in case of...

The present regulations in force regarding transfers of shares of companies directly (or indirectly) owning real estate properties situated in Spain when they represent 50% or more of the Company’s active (total assets) establish that these share transfers pay a transfer tax as if they...