We set out below the main takeaways from our practical experience with Act 19/2003 over the past two years
Almost two and a half years have passed since Spain’s Royal Decree Laws 8/2020, of 17 March, on extraordinary urgent measures to address the economic and social impact of COVID-19, 11/2020, of 31 March, adopting additional urgent social and economic measures to address COVID-19, and 34/2020, of 17 November, on urgent measures to support business liquidity and the energy sector, and in tax matters (the “Revamped Act 19/2003”) took effect, radically overhauling Spain’s approach to foreign direct investment (“FDI”) screening.
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