Spain’s economy is rising up again, with a GDP increase of a 0.8 percent during its second quarter, in line with the first quarter. This is causing a huge impact in firms where areas of practice such as M&A and real estate are being decisive again. However, there is a change that needs to be underlined: while in the past the main transactions were around industrial investments or in the financial sector, the new economy is gaining weight.
This July, normally a hectic period of the year in the region because transactions are normally targeted to be closed by the last day of the month, the main transactions closed in firms have taken place in the
Barcelona is becoming a new hub for startups in the sector of the new technologies and biomedical services. The former are reshaping different sectors that have traditionally been very conservative, such as the education field: online education opens a window to mitigate global inequality that should be spurred and promoted by governments. The two transactions referred to above were precisely in these two fields: long hours dedicated to
As Steven Wiseman says in his book, The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization, the legal sector will have to review institutions in order to grant legal certainty and grounds for building trust in this new economy.
From the public sector to the new cooperative private businesses, we will have to review the traditional legal institutions. Furthermore, the analysis shall embrace the traditional institutions and how to make them compatible with those newly created.
Globalization is indeed impacting the manner in which many
Firms must at least advance in the sector of digitalization to grant clients a formal clarity in their business. This is what the month of July has been proven: having to integrate new licensing products and new contracts in order to adapt the business to these legal needs and market requests. Digitalization must be seen not only as a means to update organizations, but a clear need to keep close to clients’ needs as well as new ways to do business and work with third parties: Spain must adapt to their new ways of approaching business and approaching commercial opportunities.