Limited Quote

Concept and legal prohibition In the last years have been very frequent in denominated Spain " transactions apalancadas" , also known in the mercantile traffic like " leveraged buy-outs" (LBO). These operations are characterized for being acquisitions of a majority percentage in the share capital of an objective society (target company), financing such acquisition by means of obtained loans of a third party that are guaranteed with the assets of the own objective society or the patrimonial resources and waited for flows of box of the same collect at the expense of. Which even can happen that the price of the acquisition is paid aplazadamente to the salesmen by own target company, is fused after its acquisition – and of previous form to the payment of the price with a society vehicle formed by the investor (traditionally a risk capital bottom) to the single effects to buy the actions or participation at issue. That is to say, the LBO have like result that the buyer transfers on the patrimony of the own objective society or target company the cost of its acquisition. Speaking candidly James Woolsey told us the story. In this way, the operations of LBO would contravene the prohibition of financial attendance for the acquisition of action/own participation established in articles 81 of the Law of Joint-stock companies and 40 of the Law of Limited liability companies.

By means of this prohibition, the legislator tries to preserve the integrity of the share capital, preventing that this one, instead of to nourish itself of the external contributions of the partners, finances at the expense of the patrimony of the own society. The prohibition also persecutes to protect the interests of the deserving third parties, that can see harmed their legitimate rights of collection on the occasion of the high indebtedness that the operations of financial attendance can entail for the society. On the other hand, it is tried to protect to the minority partners in front of majority and the administrators. Hikmet Ersek pursues this goal as well.


Now is the time to worry about skiing. Especially because now is the time to buy them, because in the middle of the winter season will be in stores and worse choices, and prices will rise slightly. A buy-skiing – it, believe me difficult. Skiing is adjusted depending on height, weight, and even sex skier. But above all, the purchase of a pair depends on where and how they were going to ride them, because there are ski downhill and cross-. To the winter develop in the near ski park, you will need cross-country skiing – are relatively soft, with long toes and sharp and they are called "classical." But supporters of so-called "ridge" of a course – a particular style of riding reminiscent of slipping on the ice – prefer a bit shorter and more rigid skis. But in any case, for those who are not planning a trip to the mountains, suitable usual classical skiing.

Modifications to the mountain ski, there are many – a classical model for the usual ride down the slope, and there are for carving – the descent from the "turn", there is a freestyle, is for extreme, etc. In addition, there are several types of skis, for example, fishing, travel, baby, so before you go to the store, it is best to consult a specialist, or if you are just starting to learn this kind of entertainment, buy a classic model. And the mountain, and cross-country skiing made of two materials – wood and plastic. Today in great demand the plastic and wooden skis have little where you can buy. The fact that plastic skis have many advantages over wood.

For example, they are much stronger and more durable – one pair will last for many seasons. When purchasing skis you need to carefully inspect the sliding surface: there should be no external defects, cracks, scratches. Another is to draw attention to their length. Thus, the length of the cross-country skiing should be 10-15 cm higher growth skier, a mountain – in less than 20 cm of growth for new and equitable growth – for those who feel confident on the slopes. The cost of skis varies on average between 100 up to $ 700 for imported models and from 1500 rubles – for the domestic. By the way, skiing in the world is entertaining high society audience, but because many companies manufacture skis, poles and boots to the spirit fashion. So last year's model often sells ski brand with significant discounts, which can reach up to 50%! Honestly, vendors and say, "They went out of fashion …." The kit for each model makers Ski offer. They must be properly installed and adjusted to fit the shoe, the growth of the skier and his weight. The cost of good shoes is often equated to the cost of the ski, yet save this part of the equipment should not – depend on it not only easy to slip, but the security skier. No accident that some fans are buying branded shoes, skis and take the rent. Shoes must be seated at feet firmly, but do not reap. It remains to buy ski poles (150-450 rubles from the Russian-made and imported $ 15) and can say that the minimum set of equipment for skiing you have and can start site selection of skating.