Owongamileyo uyayichitha inkqubo yenkxaso-mali ye "social bond" ngaphandle kokuchaphazela ukusetyenziswa kwesaphulelo · Iindaba zoMthetho

INkundla ePhakamileyo iye yachaza ukuba indlela yezemali ye-social bond esekwe ngu-Decree-law kwi-2016 ichasene nomthetho we-European Union ngokucalula ezinye iinkampani kwicandelo lombane ngokuchasene nabanye.

Ibhonasi yentlalo yinzuzo yendalo yentlalo ejoliswe ukukhusela abasebenzisi abathile ("abathengi abasengozini") equka ukusebenzisa isaphulelo kwixabiso lombane osetyenzisiweyo kwindawo yabo yokuhlala. Isigqibo seNkundla ePhakamileyo simisela indlela yenkxaso-mali emiselwe ukuhlawula iindleko zesi saphulelo, kungenjalo sichaphazela ukuqhubeka kwesicelo sayo. Kwamanye amazwe e-European Union, babona kwangaphambili ukuba le ndleko ixhaswa ngemali kwiibhajethi zabo eziqhelekileyo, kodwa iSpeyin yakhetha kwasekuqaleni ukwenza le mbopheleleko kwiinkampani ezithile kwicandelo lombane.

Kukho izihlandlo zangaphambili apho iNkundla ePhakamileyo yayicinga ukuba indlela yokuxhasa ngemali esekwe ngumthetho waseSpain yayichasene nomthetho we-European Union. Inkqubo yezemali ibhengeze ukuba ngoku ilawulwa yiRoyal Decree Law 7/2016, kaDisemba 23, eyabeka iindleko zayo "kwiinkampani zabazali zamaqela eenkampani eziqhuba umsebenzi wokuthengisa umbane okanye iinkampani ngokwazo ukuba benze njalo ukuba abayonxalenye yalo naliphi na iqela lamashishini”, nto leyo ethetha ukwaba ama-94% eendleko zokuxhasa ngemali kwiinkampani zentengiso. Le nkqubo yenkxaso-mali, njengezimbini ezidlulileyo, iphinde yaqwalaselwa kwakhona ngokuchaseneyo nomthetho weManyano yaseYurophu ngezigwebo zeNkundla ePhakamileyo ezisanda kwaziswa.

INkundla YaseYurophu

Izigwebo zisekelwe kumthetho weNkundla yoBulungisa yeEuropean Union, ngakumbi oko kuchazwe kwisigwebo sayo sakutshanje sika-Oktobha 14, 2021 (Case C-683/19) apho kuxoxwa ukuba izibophelelo zenkonzo karhulumente, njenge le sijongene nayo, kufuneka ibekwe "ngokubanzi" kwiinkampani zombane hayi kwiinkampani ezithile. Kulo mxholo, inkqubo yoyilo lweenkampani ezijongene nezibophelelo zenkonzo yoluntu ayinakungabandakanyi i-priori i-prioori iinkampani ezisebenza kwicandelo lombane. Ngoko ke, nawuphi na umahluko onokwenzeka kunyango kufuneka uthetheleleke ngokufanelekileyo”. I-CJEU yongeza ukuba ukuba iLizwe eliLungu likhetha ukunyanzelisa uxanduva lokuxhasa ngemali kuphela iinkampani ezithile kwicandelo "... kuxhomekeke kwinkundla ... ukujonga ukuba ngaba kukho umahluko phakathi kweenkampani ezimele zithwale ubunzima Umthwalo ochaziweyo kwaye abo bakhululwe kuwo bathetheleleka ngokufanelekileyo.

INkundla ePhakamileyo ihlalutya izizathu ezisetyenziswe ngumthetho welizwe ukuzama ukwenza umyalelo wayo kwishishini leenkampani zombane, ngaphandle kweenkampani ezisebenza kwicandelo lombane (ijeneretha, abathuthi, abasasazi) ukufikelela kwisigqibo sokuba inkqubo eyenzelwe ukuxhaswa ngemali ichasene. ukuya kwinqaku 3. I-2 ye-Directive 2009/72/EC ngenxa yokuba ayinayo inkcazo yenjongo kwaye inocalucalulo kwiinkampani ezithatha iindleko, apho ziya kubuyisela iindleko ezihlawulwe kwisicelo senkqubo ecinyiweyo.

Isigwebo seNkundla ePhakamileyo asichaphazeli isicelo sesaphulelo sebhonasi yentlalo ekuhlawulisweni kwabathengi abathile abasesichengeni, kodwa sibhengeza indlela yokuxhasa ngemali emiselweyo engasebenziyo.