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Lowering Legal Barriers to Entry through Technology without Touching Vested Interests: The Spanish Sociedad Limitada – Nueva Empresa

Published online by Cambridge University Press:  17 November 2004

Jesús Alfaro Águila-Real
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Abstract

The new Limited Liability Company – New Firm Act in Spain is analysed as a compromise between a laissez faire legislature trying to speed up the process of incorporation of companies and lowering legal barriers to entry and interest groups that make a living through the regulation of entry. The substantive review of company contracts by registrars is criticised and some proposals for deregulation are made.

Keywords

freedom of contractincorporationinterest groupsrent seekingcompany lawcommercial registry
Type
Articles
Information
European Business Organization Law Review (EBOR) , Volume 5 , Issue 3 , November 2004 , pp. 449 - 469
Copyright
© T.M.C. Asser Press 2004

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