Esteban Raventós, partner in Baker & McKenzie's Barcelona office, comments on the new tax amnesty in Spain and procedures to become tax compliant.

Pedro Aguarón, partner in Baker & McKenzie’s Barcelona office, comments on the New limitation on interest deduction in Spain.

On 24 March 2012, the EU published Council Regulation (EU) No. 267/2012 (the Regulation), further extending its programme of sanctions measures on Iran. The regulation implements several new measures that were agreed by the EU on 23 January 2012 and were the subject of our previous client alert. The measures are likely to particularly affect those involved in the Iranian oil and gas and petrochemicals industries, as well as financial transactions with Iran more generally (including the ability of all companies trading with Iran to get paid for their business involving Iran). This client alert provides a consolidated guide to the EU sanctions currently in place in respect of Iran, including the new measures.

The 2012 ITEM is designed to help global and regional indirect tax professionals stay up-to-date with significant developments and remedies to limit their VAT exposure.

This newsletter summarizes key regulatory and legal developments in the pharmaceuticals sector and healthcare industry in Europe.

With a current unemployment rate of 22.9 percent and a projected unemployment for 2012 of up to 26 percent, the recently elected Spanish government last weekend passed emergency legislation that aims to release companies from traditional Spanish employment and labor law rules that the government considers have proven to be outdated and inflexible and, ultimately, a hindrance to employment in Spain.

The Winter 2012 edition of the European Legal Developments Bulletin provides an overview of key legal updates from across the region, including changes in EU laws and regulations as well as developments in nine jurisdictions.

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On 4 February 2012, the Spanish Official State Gazette published Act 2/2012, dated 3 February on the overhaul of the financial sector (the act). The act was approved by government, for reason of its urgency, and shall be endorsed by parliament in the following 30 days. In this alert we describe a summary of the most relevant provisions of the act which are likely to be of major importance to participants in this market.

Public agencies and private companies face an increasing patchwork of procurement regulations and rules as they conduct business around the world.

The decision of the Spanish Provincial Court of Biscay in September 2011 introduced a change in position of the court as it considers that adding links to contents is an act of public communication.

This client alert provides an overview of the amendments to the Corporate, Real Estate, Income, Non-Resident and Value Added Taxes in Spain.

On 8 December 2011, the Office of Foreign Assets Control (OFAC) amended the Sudanese Sanctions Regulations (SSR) by adding two new general licenses that authorize transactions involving the petroleum and petrochemical industries in the Republic of South Sudan (South Sudan) and transshipments through Sudan of goods, technology, and services to and from South Sudan. OFAC's Final Rule amending the SSR can be found here, and OFAC's guidance on the general licenses can be found here. The general licenses were effective on 8 December 2011.

The European Commission is the latest competition agency to air publicly its views on competition compliance programmes. This follows years of intense lobbying by business organisations, which have sought greater engagement from the Commission on compliance issues.

The Autumn 2011 edition of the European Legal Developments Bulletin provides an overview of key legal updates from across the region, including changes in EU laws and regulations as well as developments in six jurisdictions.