The Supreme Court delivered judgement on 9th May 2013 on mortgage floor clauses, declaring them null and void, but without recognising the retroactive effect of returning the undue charged to the consumer. The Supreme Court alleged a “risk for the economic public order”. This has been the most disputed issue among other Courts, which have ruled against it in many resolutions since the judgement.Read more
Last 19th September, the Health Ministry developed a list of ambulatory care pharmacy medicines subjected to copayment which was intended to enter into force tomorrow, the 1st October, but it will yet not be enforced by any region in Spain for two reasons. Firstly, because some regions had not enough time to adapt the measure…Read more
Last Friday 27th the Council of Ministers approved the Draft General State Budget Law for 2014 for submission to Parliament. This Draft continues the process of deficit reduction through policies of budgetary austerity, framed however in an upward revision of the growth forecasts, forseeing that the GPD will grow by 0.7 %, based on improvement…Read more
The European Court of Justice condemns Spain to amend national regulations for applying VAT incorrectly.
Yesterday, the European Court of Justice (ECJ) condemned Spain for imposing wrong VAT rate to travel agencies which breach anti-trust rules. Consequently has obliged the Spanish Government to amend national regulations on this sector in order to avoid sanctions.Read more
Brussels brings disciplinary proceedings against Spain for non -compliance with renewable energies objectives
Spain should have had communicated before the 5th September 2010 the energetic politics which was going to apply for complying with the European objectives. These objectives established that in 2020, a 20% of the electricity generated must come from renewable sources. Brussels has been very patient until now, but the European Commission, in particular the…Read more
Report on the Spanish Regulation of Renewable Energies concerning retroactive changes on energy market.
The report, issued by the Council of State, on grounds of the Regulation on the Energy Market (LSE) has warned about the increase of proceedings in the renewable energies sector in the last years and consequently has requested the Government for caution, particularly on grounds of retroactive measures. The report recommends adapting maximum prudence concerning…Read more
After several scandals like the PIP breast implants, health MEPs amended draft legislation in order to better protect patients, boosting an uniform interpretation of current laws, improving traceability rules and strengthening certification bodies.Read more
Proposal developing Royal Decree on Reference Prices to lay the foundations of hospital expenses control has been drawn up by the Ministry of Health.
Reference prices are price limits on certain pharmaceutical substance groups. They determine the maximum amount statutory health insurance providers will pay for a pharmaceutical of a certain substance group. If a pharmaceutical company does not lower the price of a pharmaceutical to the reference price of the group the drug is classified under, insured persons…Read more
Crowd-funding: the National Innovation Undertaking (ENISA), subordinated of The Ministry of Industry is preparing a collaborative platform on Internet in order to establish contact between undertakings and investors and allow enterprising gain in investments.
The main aim of the National Innovation Undertaking (ENISA), public undertaking subordinated to the Ministry of Industry, is to encourage the creation, growth and consolidation of the Spanish small sized undertaking by actively taking part in innovating and viable project financing as well as in venture capital. Accordingly, EINSA is preparing a collaborative platform on…Read more