All Insights
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Digital Regulation
Spain closes MiCAR transitional period for crypto-asset service providers
From 1 July, only MiCAR-authorised entities can provide crypto-asset services in Spain
The Built Environment
UK government consults on the VAT treatment of land intended for social housing
Proposals seek to bring forward point at which zero-rating is available
Tax
UK publishes draft legislation for new Securities Transfer Tax
A new single tax will replace the current Stamp Duty and SDRT regimes from next year
Tax
Catalonia modifies ISD treatment of mortis causa donations with present delivery
The repeal of the inter vivos tax treatment of mortis causa gifts with immediate delivery brings Catalonia into line with
Corporate
Multiple voting shares: the European directive and its transposition in Spain
The transposition of the Multiple Voting Shares Directive marks a fundamental shift in Spanish company law
Public law
La revisione prezzi negli appalti pubblici
Il quadro della revisione prezzi ha raggiunto una configurazione stabile ma complessa
Life Sciences and Healthcare
Spain rewrites pricing and funding rules for medical products and devices
The Ministry of Health is driving the most significant reform for medicines within the Spanish NHS in more than a
Unified Patent Court
UPC's Düsseldorf Local Division gives guidance on infringement by equivalents
Düsseldorf has adopted The Hague Local Division's Plant-e test and offered guidance on its application
Technology, Media and Telecommunications (TMT)
ESRB Warning ESRB/2026/3: Systemic Cyber Risks from Frontier AI Models — What Financial Institutions Need to Know
The ESRB’s Warning ESRB/2026/3 elevates frontier AI models (FAIMs) to a source of severe systemic cyber risk for the EU
Dispute resolution
Constitutional Court again criticises Madrid High Court's review of arbitral awards
Judicial control must be limited to checking that awards are reasoned in a way that allows the decision to be
Business crime
UK Crime and Policing Act 2026 widens corporate criminal liability to all offences
Section 250 removes a longstanding barrier to corporate prosecution and applies to companies of all sizes, with no compliance defence
Employment and pensions
UK pension reforms ease surplus release for defined benefit schemes
Should trustees aim to run on rather than buy out, what will their reformed powers allow and how will they