The main challenge for businesses in Spain is navigating complex and ever-multiplying regulations. Knowledge management, whether internally or through external legal providers using advanced technology, is the most efficient way to save time. With AI enhancing these tools, their performance continues to improve.

Data protection and privacy will remain significant challenges due to GDPR compliance requirements, with hefty fines for non-compliance. Spain’s regulatory body issues the highest number of fines in Europe, so this matter requires serious attention.

The upcoming Artificial Intelligence European Act and a new Spanish authority will introduce additional regulations that companies must monitor. The pending transposition of the CSRD European directive will likely impose new obligations beyond current requirements.

There is also a growing focus on sustainability and ESG principles, driven by both regulations and stakeholder expectations. Businesses must adapt to laws promoting renewable energy, waste management, and climate risk reporting while ensuring economic growth.

Changes in labour and employment law present further challenges, including new employee contract requirements, dismissal procedures, and workplace policies.

To prepare, we are closely monitoring legislative changes, updating policies, and investing in employee training and development programmes to ensure compliance.