Lowering Legal Barriers to Entry Through Technology Without Touching Vested Interests: The Spanish Sociedad Limitada - Nueva Empresa
Posted: 6 Apr 2005
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 contract, incorporation, interest groups, rent seeking, company law, commercial registry
JEL Classification: K2
Suggested Citation: Suggested Citation
Alfaro, Jesus, Lowering Legal Barriers to Entry Through Technology Without Touching Vested Interests: The Spanish Sociedad Limitada - Nueva Empresa. Available at SSRN: https://ssrn.com/abstract=683278
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