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Can a Spanish law firm be listed on the stock exchange? | Expansión
14 of February, 2023
In this article, the Spanish newspaper Expansión describes the requirements for listing on the stock market and the difficulties that law firms in Spain have in accessing it due to the transparency thresholds in regulated markets, confidentiality clauses and the dependence of the partners.
Guillermo Guerra, a partner in the firm’s Commercial practice, points out that “in 2009 the Professional Companies Act was amended to allow non-professional shareholders to hold up to 49.9% of the share capital, but the professional company continues to have an eminently closed and personalised nature which means that it does not fit in well with the type of listed company open to the capital markets”.
Read the full article.
Guillermo Guerra, a partner in the firm’s Commercial practice, points out that “in 2009 the Professional Companies Act was amended to allow non-professional shareholders to hold up to 49.9% of the share capital, but the professional company continues to have an eminently closed and personalised nature which means that it does not fit in well with the type of listed company open to the capital markets”.
Read the full article.
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Gómez-Acebo & Pombo
23 Feb, 2026 
PUBLICATION
09 Feb, 2026
Notarial enforcement of pledges. Is Article 1872 of the Civil Code mandatory? In what sense?
The clause agreed upon must comply, for greater certainty, with the provisions of the new judicial enforcement procedure. It will be necessary to agree on an appraised value, which is not required in Article 1872 CC, because otherwise the award would be similar to a ‘forfeiture proviso’ (pactum commissorium), which the Civil Code neutralised with the drastic imposition of extinguishment of the debt in its entirety.
09 Feb, 2026 
PUBLICATION
06 Feb, 2026
Automotive and Sustainable Mobility No. 29
Summary of legislative and jurisprudential developments relating to the automotive sector.
06 Feb, 2026
PUBLICATION
15 Dec, 2025
Direct harm due to de facto expulsion: Article 241 of the Companies Act (Supreme Court Judgment, First Chamber, 22 October 2025)
This paper analyses the subject matter scope of application of a ‘director liability to shareholder claim’ (claim for payment of damages filed by a shareholder against a company director). Although, as a general rule, shareholders cannot claim compensation for the harm caused to their share in a company’s estate, compensation for de facto expulsions or harm to liquidating dividends may be awarded through a director liability to shareholder claim.
15 Dec, 2025
PUBLICATION
11 Dec, 2025
Do consumer associations have universal locus standi? On the subject of two orders issued by the Provincial Court of Barcelona regarding the ‘car cartel’
The universal standing of consumer associations has no legal basis and creates perverse effects.
11 Dec, 2025
PUBLICATION
21 Nov, 2025
Compensation for loss of office ‘under market conditions’ provided for in articles of association
Judgment analyses claim filed by former CEO for non-payment of loss-of-office compensation provided for in articles of association (legal regime preceding the 2014 amendments to the Companies Act).
21 Nov, 2025
PUBLICATION
14 Nov, 2025
Automotive and Sustainable Mobility No. 28
Summary of legislative and jurisprudential developments relating to the automotive sector.
14 Nov, 2025
PUBLICATION
17 Oct, 2025
Impact on directors of company debts and penalties under a sector-specific rule
We analyse, in short, whether company payment contributions can be included in director liability (to company) claims.
17 Oct, 2025
PUBLICATION
01 Oct, 2025
Contractual termination by mutual abandonment not claimed by any party?
The risks of applying the doctrine according to which a contract is deemed withdrawn from if neither party to the same appears to want it. Not only is this solution likely to be inconsistent with the parties' claims, but it also wrongly rules out other civil law options the parties could pursue upon dismissal of the action for declaration of termination.
01 Oct, 2025
PUBLICATION
05 Aug, 2025
Automotive and Sustainable Mobility No. 27
Summary of legislative and jurisprudential developments relating to the automotive sector.
05 Aug, 2025