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Trade and Foreign Investment

Spain: Royal Decree on foreign investments

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In brief

The Spanish State Gazette published yesterday (BOE) contains the Royal Decree 571/2023, of 4 July, on Foreign Investments (“Royal Decree“) which is intended to (i) update the procedure for declaring foreign investments for statistical and information purposes (both foreign investments in Spain and Spanish investments abroad); and (ii) develop certain features of Law 19/2003, of 4 July, on the legal regime of capital movements and foreign economic transactions (“Law 19/2003“) and its implementing regulations, particularly with regard to the introduction of Article 7bis, relating to the suspension of the liberalization regime, in order to provide greater legal certainty to the authorization procedure, for the cases in which this is meant to be mandatory.

In the following link, you can access the full text of the Royal Decree.

Click here to read the full alert. 

Click here to access the Spanish version.

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Paloma is a partner in the Madrid office. She has over two decades’ experience gained both in‐house in the Corporate Affairs and Regulatory department of a mobile operator in Spain and in private practice at a Spanish Competition boutique law firm. Paloma has been recommended as a leading professional by various legal directories, including Chambers Europe, Legal 500 and Who's Who Legal Iberia. According to Chambers & Partners, clients appreciate that Paloma is "dedicated, hardworking, and pays a lot of attention to detail" (Europe Guide, 2018).

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Javier Menor leads the Corporate/M&A Practice Group and a partner in Baker McKenzie's Barcelona office. He is also a member of the Firm’s Corporate/M&A, Private Equity and Competition Practices Groups and has 20 years' experience in advising clients in these areas. He is recognized as one of the best lawyers in his field in Spain by the most prestigious directories, including Chambers & Partners, Legal 500 and Best Lawyers. Javier joined Baker McKenzie in 2015 from an international law firm where he was the co-managing partner of the Barcelona office and a member of the global executive committee, in charge of Corporate/M&A at a global level. He is a professor of Competition Law at ESADE Law School and teaches the international contracts program at the Barcelona Bar Association.

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Laura Garcia Fuster is an Associate and a Team Leader in Baker McKenzie, Barcelona office.

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Carlos is a Team Leader in the Corporate M&A department of Baker McKenzie. Carlos has over 10 years of experience in M&A transactions, advice to Spanish listed companies and domestic and foreign non-listed companies, regarding corporate and corporate governance advice, corporate restructurings (mergers, spin-offs etc.), as well as ongoing day-to-day advice.

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