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SPANISH COMMERCIAL CODE Title VIII PROCEDURE IN THE MARITIME TRADE § 1. General rules Section 1203. Knowledge of any dispute arising out of acts or contracts that result in maritime trade or navigation, including marine insurance of any kind, shall be submitted to arbitration. Nothing in the preceding paragraph shall not apply if: 1. ° When or interested parties express their willingness to submit to the ordinary courts, either in the same act or contract giving rise to the dispute, or by agreement in writing, prior the initiation of the trial; 2. ° When it comes to pursuing penal responsibilities that may arise from the same facts. In this case, civil action may be brought before the court hearing the respective criminal or before the arbitral tribunal referred to in the first paragraph; 3. ° In the case of the judgments referred to in paragraph 4. ° of Title IX of the Navigation Act, or those who, in this book have pointed out a special proced...

SPANISH COMMERCIAL CODE Title IX ADDITIONAL PROVISIONS § 1. Of protests Section 1241. For purposes of this paper, the term protest to the act by which a person records the occurrence of acts or omissions related to navigation or maritime commerce, which could affect their liability, their principals or employees, or makes a reservation of rights or actions that may arise from such acts or omissions in respect of the same people here alluded to. Section 1242. Protests must be expressed in writing in any way that can demonstrate its formulation. Written expression shall include telex, telegram or other means to record or repeat what molded who protest tools or equipment designed for this purpose. Section 1243. When the respective laws or regulations provide that the protest should be brought before the maritime authority, it will be done through a written submission to that authority. This presentation will be effective for all other effects that ma...

SPANISH COMMERCIAL CODE TITLE IX CONTRACT CURRENT ACCOUNT Article 602. The current account is a commutative bilateral contract by which a party refers to another or receives from her property amounts of money or other valuables without the application of a particular job or obligation of having to order a quantity or value equivalent, but by credit the sender for remittance, payable at the times agreed to compensate them at once to concurrence of debit and credit and pay the balance. Article 603. Accounts that do not meet all the conditions set forth in the preceding article are simple or management accounts and are not subject to the provisions of this Title. Article 604. All dealings between merchants domiciled or not in one place or between a merchant and one not, and all communicable property values ​​may be the subject of the current account. Article 605. Before the conclusion of the current account none of the parties is considered as a...

SPANISH COMMERCIAL CODE TITLE VII SOCIETY COMPANY Article 348. The law recognizes three kinds of society: 1st General Partnership; 2nd corporation; 3rd Limited partnership. It also recognizes the association or participation accounts. § 1. Training and testing of the partnership Article 349. You can celebrate the partnership agreement that everyone has the capacity to be bound. The lowest adult and married women not fully separate in property need special permission to celebrate a partnership. The authorization of the minor will be conferred by the ordinary courts, and a married woman by her husband. Article 350. The partnership is formed and tested by public deed registered in terms of Article 354. The dissolution of the society is to be made before expiry of the stipulated term, the extension of this, the exchange, retirement or death of a partner, altering the name and in general any reform, expansion or modification of the cont...