The banking sector strikes back: mortgage loans increase after the ruling of the CJEU
The banking sector strikes back: mortgage loans increase after the ruling of the CJEU Spanish banks will increase credit to cope with a Euribor still at record lows and the CJEU ruling on floor clauses. Spanish banking has been in crisis for a number of years in the context of a low-margin and narrow-margin banking […]
Football Leaks: The tax evasión league
Football Leaks: The tax evasión league A European consortium of investigative journalists uncover footballers and celebrities’ massive tax fraud, with an emphasis on Cristiano Ronaldo and José Mourinho. The German newspaper “Der Spiegel” known as Football Leaks, has revealed that several European clubs and soccer players have committed a crime of tax evasion. This newspaper […]
A court recognizes the floor clauses' total retroactivity
A court recognizes the floor clauses’ total retroactivity A Basque court recognizes the floor clauses’ total retroactivity a few days before the CJEU’s final sentence. The costs for the banks could be up to E5.2bn. The Barakaldo’s First Instance Court (Basque Country, Spain) has admitted the floor clauses’ total retroactivity and it obliges a bank […]
The crisis hits but does not knock the Spain’s international presence out
Spain’s global presence both in the EU and worldwide remain steady, despite the crisis, according to the “Real Instituto Elcano’s” report “Elcano’s Report on Global presence 2016”. Spain keeps its political and economic presence in the international arena through the Elcano’s Global Presence Index (IEPG, in Spanish), Which is the result of an annual projection […]
Del Canto Chambers, a strong advocate of Spanish and British's axis.
Del Canto Chambers, firme defensor del eje hispano-británico Our Managing Partner, León Fernando del Canto, has published an article in “El País“, in which he bets again for maintaining the Spanish and British’s economic bonds against the Brexit’s generated uncertainty. With this article, written within the frame of the #embracespain campaign, Del Canto defends a […]
Del Canto Chambers thinks that the HMRC's antifraud measures are 'excessive'
Our Managing Partner, León Fernando del Canto, has published a statement in the magazine Bloomberg BNA where he comments on the last measures that HMRC has implemented to fight against VAT fraud. The article, written by the journalist Ben Stupples, is titled “UK proposes new penalties for VAT fraud” and it gives details on the […]
Between universal jurisdiction and international taxation, it has been a busy week at Del Canto Chambers
Our visit to London; the principle of universal jurisdiction in New York; the Apple Inc. case; and the revenue-raising antics by means of corporate tax employed by the Spanish government have kept us busy this week at Del Canto Chambers At Del Canto Chambers, as we approach the end of the summer and brush away […]
Universal Jurisdiction: ecological and economic crimes are also against Humanity
Universal Jurisdiction and its new application frames have been discussed at the United Nations at a conference sponsored by Fundación Internacional Baltasar Garzón The UN headquarters in New York hosted a conference on universal jurisdiction, which was focused on the role of the universal jurisdiction principle in the fight against impunity for crimes against humanity. […]
The principle of Universal Jurisdiction to be discussed at UN headquarters
The application of the principle of universal jurisdiction for debate this week at the UN in New York. The principle of Universal Jurisdiction refers to the extension of national jurisdiction of any territory over certain crimes considered crimes against humanity, regardless of where they were committed or the nationality of the perpetrator. The formulation of […]
Spanish banks are facing massive trials for fraud during the housing bubble
A new wave of massive trials against Spanish banks is coming because of the investors’ lost money by property developers during the Spanish housing bubble. Spanish banks are facing a new case of multiple trials because of the lost money that investors paid to the bankrupted housing developers in the bubble’s years of 2004-2006. Developers […]
