The commercial registry cannot record a marginal note on a pledge of shares without Spanish public deed
08 Aug 202633 views
Who is affected:
Companies with foreign shareholders or creditors, commercial lawyers and registrars
Summary
The General Directorate resolves that the commercial registrar of Málaga correctly refused to record a marginal note on a pledge of shares due to formal defects in the representation and substantive grounds.
Detailed analysis
PRO
The DGSJFP confirms the refusal of the commercial registrar of Málaga to record a marginal note requested by Menona Limited on pledged shares of Global Sustainable Development SAU. The defects identified are: insufficient representation through power of attorney in a foreign private document without Spanish notarial fu…
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