Please use this identifier to cite or link to this item: http://hdl.handle.net/10201/48044

Title: Session 6: Creating the Sociedad de Responsabilidad Limitada: The Use of Legal Flexibility in Spanish Company Law, 1869-1953
Issue Date: 20-Feb-2016
Date of creation: 22-Nov-2014
Related subjects: Business history
Keywords: Multiowner enterprises
Abstract: Spain approved the first law of Sociedad de Responsabilidad Limitada (SRL)—a legal form similar to the German GmbH— in 1953. However, the SRL had already been used, albeit without its own legislation, since the 1920s. How was this possible in a country whose legal system was based on civil law? Its 1885 Commercial Code lacked the numerus clausus principle for enterprise forms, a feature that gave entrepreneurs unusual freedom in organizing their firms, and in adopting new business forms not defined in the code. It also invites us to rethink the notion of rigidity in civil law
Primary author: Martínez Rodríguez, Susana
Faculty / Departments / Services: Facultad de Economía y Empresa
Economía Aplicada
Published in: CONFERENCE. The History of Law Business Organizations. Nov. 21-22, 2014, Harvard Business School. http://www.hbs.edu/faculty/conferences/2014-history-of-law-and-business-organization/Pages/schedule.aspx
URI: http://hdl.handle.net/10201/48044
Document type: info:eu-repo/semantics/lecture
info:eu-repo/semantics/lecture
Number of pages / Extensions: 60
Rights: info:eu-repo/semantics/openAccess
Temporary material: s. XIX
s. XX
Geographic Materia: Spain
Sponsor: This research is funded by (1) Fundación SENECA, (Project 15147/PHCS/10): Evolution on Business Organizations in Spain (1886-1936). (2) Ministerio de Economia y Competitividad (Project HAR2013-42013-R): The Impact of Limited-Liability Business Organizations across the Mediterranean: Italy, Turkey and Spain (1445-2010). [ISRELIM: 1445-2010]
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