The sustainable bond market is expanding rapidly. According to the Climate Bonds Initiative, green bond issues in 2016 exceeded $80 billion, a 90 per cent increase on the total for 2015. Europe remains the second-largest region after Asia in terms of green bond issuance volume.
Two recent rulings, which declared the nullity of dismissals in certain circumstances, could potentially have a significant impact. The first one is related to the termination of an employee on long-time sickness leave, and the second focuses on the formal requirements of dismissal letters.
The Portuguese government has recentlybeen very active approvingnew legal measures that relate to the corporate word. Most of these measures were outlinedin the Capitalisation Programme (Progama Capitalizar) that was approved by the Government lastyear.
Under Spanish law the status of a company executive officer who holds the position of general manager, or of senior executive (“alto directivo” in Spanish) and, at the same time, is a member of the board of directors of the company that employs them, can be confusing for foreign investors.
The judgement of the European Court of Justice (ECJ) in case C-682/15 (the "Berlioz" case), handed down within the framework of a preliminary ruling referral by the Luxembourg Administrative Court, was published on 16 May 2017.