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Complexities of Mortgage Law

IN these days of austerity, more and more people are handing in the keys to their homes to the banks which lent them the money to purchase them. The name in Spanish is “Dación en Pago” (lieu of payment), which means cancellation of the debt. The debtor provides a service to the creditor, substituting the […]

Spanish PM congratulates new French leader

Prime Minister Mariano Rajoy, Spain’s Conservative leader, has publicly congratulated French Socialist Francois Hollande, following his successful bid for the presidency. His message, issued by the Prime Minister’s office, states his belief that a, “Fruitful, bilateral and European relationship will develop, which will be to the advantage of the Spanish-French friendship.” Rajoy, whose spending cuts […]

More about Tourism Law

I AM returning to the Tourism Law regarding letting agreements, having received many emails from people concerned about the matter of (fines and penalties etc. I have most of them, and have found that there is a common pattern in all of them. I have chosen one email which, I consider, would be helpful for […]

Government intervene in Iberia strike

THE Iberia pilot’s strike action, threatened to continue until July, has been called off, following the government’s agreement to act as mediator between the pilots and carrier – forcing them into compulsory arbitration as a means to ending the conflict between them. The pilots’ union, Sepla, immediately agreed to the arbitration order. The dispute centres […]

Repercussions of tourism law

I HAVE received several emails from readers in recent weeks, and I have picked out a couple, complete with answers, to share with you. Dear Mariano, I have read your article in Canarian Weekly, dated 13/01/12, regarding the lettings law, and I would like to know what happens when a landlord does not want to […]

Tourism law – fines when letting apartments

WE are back to the topic of Tourism Law, and the fines imposed on some landlords letting out their properties illegally. An interesting search by Canarian Weekly has uncovered lots of information about landlords who have been fined because they have not been registered with the Tourist Board of the Canarian Government. Over the course […]

Project December’s Fantastic Five!

LAST Friday saw the birth of five exciting and innovative businesses in Tenerife at the Capecan Business Centre’s “Project December”. It was held at Hotel San Blas Reserve and around 100 business people and entrepreneurs were entertained by Fernando Moreno, founder of “The Business Game”, in his usual controversial manner. Fernando was followed by a […]

Express eviction – modification

The Law of “Medidas de Agilización Procesal” arrived on the scene in November. This law modifies several laws (Criminal Proceedings Code, Administrative Proceeding Code, Civil Proceedings Code among others), it means a law containing measures to speed up the proceeding; it is applicable to different laws and specially the Civil Proceeding Law, it has modified […]

ZEC initiative

IN recent months I have promoted the ZEC initiative through this column, delivering accurate, up-to-date information about this powerful, attractive and credible incentive. My articles have been met with some confused, mis-informed or contradictory responses. For this reason, I decided to interview Sabita Jagtani, a Senior Officer from the ZEC, Canarian Government to ensure that […]

Canaries escape dramatic job losses

SPAIN’S jobless total rose by 95,817 in September, making it the worst month in 15 years – yet the Canary Islands avoided the misery. The 2.32% increase took the total number of unemployed to 4,226,744, and jobs were lost in all fields, except those of agriculture and construction. Only the Canaries, plus the La Rioja […]

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