Regulatory Alerts2023-06-29
Royal Decree-Law 5/2023 on measures for the Ukraine war consequences, La Palma reconstruction, EU directive transposition, and compliance
The Spanish State issued Royal Decree-Law 5/2023 to transpose three overdue EU Directives regarding cross-border corporate modifications, work-life balance, and anti-money laundering, thereby closing infringement procedures and avoiding financial sanctions. The decree also extends and adapts economic and social support measures to mitigate the impacts of the Ukraine war, specifically targeting vulnerable groups and energy-intensive sectors. Additionally, it implements recent EU Court of Justice rulings to align Spanish regulations on road safety courses and vehicle rental services with internal market directives.
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