Latest updates

Specific PPP Contract to Shelter Real Estate Projects
  • Spain
  • 21 July 2009

The Public Sector Contracts Act, which implemented the EU Public Sector Procurement Directive, has introduced a new category of public contract in Spain - the public-private collaboration contract. This innovation has sparked debate among authors and commentators. Such contracts can be entered into only once the alternative models have been explored and rejected.

Event Default Clauses in Credit Agreements Declared Invalid
  • Spain
  • 19 January 2000

The Supreme Court recently found event default clauses to be null and void as they oblige the lessee to prepay the total amount of a loan early.

Pérez-Llorca
Pérez-Llorca