Miguel Ángel Gallo, full academician of the Royal European Academy of Doctors-Barcelona 1914 (RAED) and president of its Senate, considers that the introduction into the Spanish mercantile legislation of the Anglo-Saxon Trust would help the stability of the family business, especially in the generational relays that characterize it and mark critical points in its development. “Now a group of researchers are helping family businesses to extend their lives in the second to third generation relay and we have found that reforms are not easy, but there are figures that work very well in other countries such as of trust that could be very useful”.
Professor emeritus of IESE, Gallo realizes these reflections in an interview that Tribuna Plural, the magazine of the RAED, will publish in its next number. The academician also points out how beneficial for the family business reform in the Spanish tax of equity transfers, the creation of a secondary market of shares or the application to these societies of new forms of financing or the introduction of the figure of the Business Angel specifically.
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