In the first half of 2017 more than $250 million was invested in Barcelona-based startups. Accel Partners, Greylock Partners, Vulcan Capital and dozens of other venture capitalists have found their “flow” in Barcelona. However, Spain poses unique transactional difficulties to US-based investors operating with any of the traditional methods of cross-border investment, including ongoing managing costs related to compliance with local authorities, as well as significant tax burdens in a future liquidity event, or in any subsequent series of capital expansion. This program will explore alternative paths for investment, including the legal implications to overcome these hurdles and to successfully invest in the Barcelona startup ecosystem.
What you will learn:
Attorneys attending this 1 hour session will have the opportunity to learn (1) the legal differences of US-Spain venture transactions vs. other US-foreign; (2) how to overcome the unique challenges of a transaction applying practical equivalencies under Spanish law which provide similar legal effects offered by US law or other foreign jurisdictions. The session will be followed by a 30 minute discussion with a panel of experts in US-Spain transactions. The discussion will not be eligible for CLE, however it will offer the opportunity to compare successful US-Spain transactions.