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An approach to the economic, social and political situation of the Balearic Islands and Spain

0.- INTRODUCTION Good Morning and welcome to Majorca. I’m Miquel A. Mas one of the cofounders and lawyer of the firm DMS-Consulting. I’m very grateful to have the opportunity to host all of you here in our country. I am currently responsible of the area of Property Law, Commercial Law and Civil Law. We are [...]

By |October 18th, 2013|Featured|0 Comments

THE NEW, REVOLUTIONARY INHERITANCE REGULATION OF THE EUROPEAN UNION

Given the special social peculiarity of the Balearic islands, our firm has been a pioneer in the introduction and study of Regulation 650/2012 of the European Union in our country,  as according to us, it will have big and important consequences. The European Union has been setting new social realities. It is calculated that more [...]

By |October 7th, 2013|Featured|0 Comments

DMS CONSULTING will host the next INTERNATIONAL CONFERENCE of ILAS which will take place the 17th and 18th of October at the headquarters of the Association of Architects in Palma.

ILAS (International Legal Assistance Accounting Solutions) is an European network of law firms, tax advisers and economists in the most important European cities: London, Berlin, Düsseldorf, Amsterdam, Milan, Rome ... With the stated aim of supporting the economy of the Balearic Islands in their internationalization and due to the deep roots of the Balearic society [...]

By |September 24th, 2013|Featured|0 Comments

DMS Consulting will host the next ILAS conference on Thursday, 17th and Friday, 18th October 2013

International Legal and Accounting Solutions (ILAS) is an international association of independent professional firms, whose members include lawyers, accountants, auditors and financial, insolvency and tax experts. Please find conference programme here: ILAS CONFERENCE IN MALLORCA

By |July 23rd, 2013|Featured|0 Comments

Newspaper article publicized in Spain’s most important newspaper for economic and financial issues “Expansion” about the demand presented by our fiscal advisor Alejandro del Campo before the European Commission against the obligation for residents in Spain to inform about all their worldwide assets. We hope that with this demand Spain will be forced to abolish [...]

By |July 16th, 2013|Featured, Tax law|0 Comments

PUBLICATION IN THE OFFICIAL GAZETTE (BOE) OF THE VALADIS SYSTEM BANKPRUPTCY

BOE 05/07/2013 núm. 160

By |July 8th, 2013|Commercial law|0 Comments

MAIN NEWS OF THE REFORM OF URBAN RENTALS

DURATION OF THE RENTALS The minimum duration of the rentals changes from 5 to 3 years, although an inferior term is agreed. Once the 3 years have elapsed, the unspoken extension will be of 1 year and not 3 as up to date. TERMINATION OF THE RENTAL CONTRACT DUE TO A NEED OF THE OWNER [...]

By |July 2nd, 2013|Civil law, Featured, Property law|0 Comments

INHERITANCE TAX AND DONATIONS in Spain Non-residents.

At the present time there are two serious problems regarding Inheritance and Donations with regard to non-residents, with reference to payments to be made in Spain on Inheritance and Donations Tax: 1.- DISCRIMINATION (non-residents pay much more than residents). 2.- DOUBLE TAXATION (on occasions this tax must be paid in two countries on the same [...]

By |June 21st, 2013|Uncategorized|0 Comments

Judgment from the Supreme Court against mortgage loans with minimum interest rates

    A new judgment from the Supreme Court on May the 9th opens the door for proceedings against those banks which have granted mortgage loans with minimum interest rates (so called “clausula suelo”) imposed. Nevertheless before starting the corresponding court case, expensive in time and costs, we consider that it would be advisable to [...]

URGENT: Obligation for real estate agencies regarding energy efficiency labels

On June the 1st the law RD 235/2013 from the 5th of April becomes effective which approves the basic procedure regarding the certification of the energy efficiency of buildings. This law forces to deliver a certificate of energy efficiency in all purchases or rentals. What are the real estate agency’s obligations regarding this certificate? Article [...]