The main news on the annual accounts for the year 2017 results from the Directive (EU) 2015/849 of the European Parliament and the European Council of May 20, 2015 intended to prevent the use of the financial system for money laundering or financing of terrorism.
This new regulatory framework for the protection of personal data significantly modifies the current regulatory framework in Spain (and also in Europe). It introduces a set of new obligations to be fulfilled by companies.
In February 2018, L.L. Bean made the tough decision to change its lifetime return policy, which had been in existence for over a century. Following the policy change, the company received backlash from its customers.