What effect does a state of insolvency of a real estate developer have on the property purchase and sale contracts signed prior to its declaration of insolvency? Buyers of properties may be affected at any given time by the insolvency situation that the real estate developer may experience, and it will be necessary to follow its process and see whether…
The Court of Justice of the European Union (CJEU) rejects the Spanish fines for those who do not declare the cash that they take out across the border. The sanctions of Spain for this practice can reach double the amount that has not been declared before the customs authorities. The ruling, issued yesterday, emphasizes that “Spanish legislation is disproportionate, since…
