Cooperativism in Madrid. Current situation and legislative perspectives

  • Santiago Carballo Quiroga
Keywords: cooperatives, partnerships, employee-owned companies, statistics, social economy

Abstract

2112 cooperatives were formed between 1996 and 2009. 1087 were housing coops and 916 were association coops. The effect of the 1997 Law on Employee-Owned Companies can clearly be seen in associative work figures as the law allowed for the creation of employee-owned limited liability companies. This effect was somewhat compensated for when Madrid law lowered the minimum number of members from 5 to 3. The employeeowned model has been more widely applied than the cooperative model. Fragmentation of regulations resulting from fifteen autonomous laws and one national law had a negative effect on the cooperative model. Simpler legislation on cooperatives is needed. Adapting worker-owned businesses to the new Law on Social Economy would require the reform of the Law on Employee-Owned Companies. The experience gained and the new problems which have arisen call for modification of the law.

Received: 17 May 2011
Accepted: 28 June 2011
Published online: 18 December 2015

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Published
2011-12-31
How to Cite
Carballo Quiroga, Santiago. 2011. “Cooperativism in Madrid. Current Situation and Legislative Perspectives”. International Association of Cooperative Law Journal, no. 45 (December), 271-83. https://doi.org/10.18543/baidc-45-2011pp271-283.