CONTENTS

LEGAL HIGHLIGHTS OF DOING BUSINESS IN SPAIN

BY A FOREIGN INVESTOR

INTRODUCTION

1. CONTRACT LAW
1.1 Scope of this overview
1.2 Separate sets of rules
1.3 Freedom to contract
1.4 When does a contract exist under Spanish law?
1.5 Contracts by telephone, fax
1.6 Breach of contract
1.7 Enforcement
2. COMPANY LAW. GENERAL ASPECTS
2.1 Companies Limited by Shares (Sociedades Anonimas)
2.2 Limited Liability Companies (Sociedades de Responsabilidad Limitada)
2.3 Limited Partnerships (Sociedades en Comandita por Acciones)
2.4 Comparison between Companies Limited by Shares and Limited Liability Companies
2.5 Public take-over offers
2.6 Economic Interest Grouping
2.7 Distribution and Agency Agreements
3. FOREIGN INVESTMENT
3.1 Foreign investors
3.2 Types of contribution
3.3 Forms of investment
3.4 Administrative control
3.5 Rights of the Foreign Investor
3.6 Exchange Control Regulations
4. INVESTMENT IN REAL ESTATE
4.1 Main types of investor
4.2 Real Estate Investment System
4.3 Taxation
5. FISCAL ASPECTS
5.1 Corporate Taxation
5.2 Taxation of Individuals
5.3 Double Taxation Treaties
6. TECHNOLOGY AGREEMENTS
7. REGIONAL INCENTIVES AND OTHER STATE AIDS
8. COMPETITION RULES
9. LABOUR
9.1 Introduction
9.2. Legal framework
9.3 Scope of the labour law
9.4 Employment contracts
9.5 Working conditions
9.6 Termination of employment contracts
9.7 Unilateral dismissal
9.8 Dismissal of a high executive officer
9.9 Transfer of the business
9.10 Social security system
9.11 Foreign personnel
10. THE CONSUMERS' PROTECTION
10.1 Background: Sources of liability
10.2 The Consumers' protection
10.3 Defective Products Liability Act
10.4 Conclusions

The content of this article is intended to provide a general guide to the subject matter.
Specialist advice should be sought about your specific circumstance.

For futher information contact Mr. Jorge Angell, L. C. Rodrigo Abogados, Madrid(Spain)
Fax:010 341 576 6716 or enter text search 'L.C.Rodrigo Abogados' and 'Business Monitor'.