Terms and Conditions of the Competition “BBVA Open Talent Ideas 2017"
The company Banco Bilbao Vizcaya Argentaria, S.A., with registered office in Bilbao, Pza. de San Nicolás, No. 4 and with CIF number A-48265169 (hereinafter “BBVA”), is going to carry out the competition "BBVA Open Talent Ideas 2017" (hereinafter, the “Competition”). The purpose of this Competition is to identify the best innovative ideas on which should be the future of banking and its business models within a low interest rate environment.
1. Period of validity and registration
The period of validity of the Competition (hereinafter, “Validity Period”) runs from 2 pm on February 13, 2017 (Spanish mainland time) to 2 pm on December 31, 2017 (Spanish mainland time), both inclusive. This period may be modified by BBVA and notified via the website indicated in point 3 below.
The period for registration in the Competition (hereinafter, the “Registration Period”) runs from 2:00 pm on February 13, 2017 (Spanish mainland time) to 8:59 am on March 31, 2017 (Spanish mainland time), both inclusive. This period may be modified or extended by BBVA by means of notification via the website indicated in point 3 below.
Any reference to time in these Terms and Conditions refers to the geographic region of Madrid (Spain).
2. Geographic Scope
Spain and international.
3. Right to participate
The Competition is open to everyone (i.e. people, companies, universities, etc) interested in banking who complete the registration process set out herein (hereinafter, the “Participant/s”) and meets the requirements requested in these Terms and Conditions.
Participation in this Competition may be either individual or collective. In the case of natural persons, they must be above the age of majority according to their country, state, province or jurisdiction of residence at the time of registration in the Competition.
Participants may submit more than one Proposal (as defined in 3.2 below) but may only become a Finalist (as defined in 4.1.(b) below) with one of them.
The following individuals and entities are excluded from participating in this Competition: (i) members of the Evaluation Committee and the Panel (as both terms are defined in 4.1(b) and (c) below); (ii) those that are part of the Competition’s organization team; and (iii) those whose registered address is in a country which has the consideration of Tax Haven under Spanish law.
3.2 Registration and Proposals
Participation in the Competition will take place through the website www.bbvaopentalent.com/ideas under the section called “Registration”. Candidates wishing to take part in the Competition must, within the Registration Period, complete all the information requested on the above mentioned website, including the email address designated by the Participants so they can be contacted for notifications, as indicated in these terms and conditions (the “Registered Email”).
To be eligible for the Prizes (as defined and described in point 5 of these Terms and Conditions), the data supplied must be complete, accurate and owned by the Participant. The use of inaccurate, incomplete or not properly owned data will lead to disqualification.
Each Participant will submit its proposal (a “Proposal”) which shall describe the original and innovative ideas and approaches they propose to answer the following question: in a challenging environment of low interest rates, what business models for financial solutions could make sense for both banks and customers?? To submit the Proposals, Participants may use one or more of the following formats: video, audio or written format, either in English or Spanish, as follows:
--Video of up to five (5) minutes long to be shared through a link to any platform (youtube, vimeo, dropbox...), as long as it is private (that is, it is not available to general public).
--Audio of up to five (5) minutes long to be shared through a link to any platform, as long as it is private (that is, it is not available to general public).
--Document or presentation, both in pdf, up to three (3) pages long, together with any appendices that may be required (with no pages limit), to be shared through a link to any platform, as long as it is private (that is, it is not available to general public).
3.3 General provisions
Participation in the Competition implies the acceptance of the present Terms and Conditions and of BBVA's decision in the resolution of any conflict that may arise regarding their interpretation.
Participants may consult the present Terms and Conditions on the web page of the Competition referred in section 3.2 at any time during the Validity Period.
BBVA reserves the right to modify these Terms and Conditions. It also reserves the right to modify the mechanics for participation and the Prizes. These modifications will be done under totally impartial criteria and will be duly notified to the Participants.
BBVA reserves the right to automatically eliminate any Participants and their Proposals if they: (i) cheat, alter or invalidate the proper operation and normal development of the Competition according to its rules, or (ii) infringe or fail to comply with any type of regulation, or (iii) violate, infringe or affect any type of rights and liberties, or (v) engage in any type of practice that may be considered contrary to the spirit of the Competition.
Participants must at all times follow the instructions given by BBVA, as the case may be.
The Competition consists of the three (3) stages described below:
a) First stage - Receipt of Applications.
During the Registration Period, the applications will be received and filtered in order to determine those Proposals and Participants that comply with these Terms and Conditions.
b) Second stage - Project Evaluation.
During this stage, from March 31, 2017 to May 12, 2017 inclusive, an evaluation committee appointed by BBVA (the “Evaluation Committee”) will select ten (10) finalist Proposals (both the Proposals and the Participants to which those belong may henceforth be referred to as the “Finalists”). The name of the Finalists will be announced on May 12, 2017.
c) Third stage – Final Event and Prize Ceremony.
During this stage, the Finalists will be invited, via the Registered Email, to the final event (the “Final Event”), which will be held in Madrid.
Should a Finalist, or the natural person acting on its behalf, be unable to attend the Final Event, it may be attended by a different natural person, subject to prior notification by the Finalist to BBVA by sending an email to [email protected] and approval by BBVA. The substitute attendee must meet the requirements for acting on behalf of the relevant Finalist.
At the Final Event there will be a panel (the “Panel”) whose members will be appointed by BBVA and who can be BBVA employees or experts in financial and economic matters.
The Finalists will have five (5) minutes to present their Proposals for Panel assessment. Such presentation will be followed by ten (10) minutes of questions.
Each Panel member will select three (3) Proposals, which he/she will evaluate by distributing one hundred and eleven (111) points as follows: one hundred (100) points will be given the Proposal considered to be number 1, ten (10) points will be given the Proposal considered to be number 2, and one (1) point will be given to the Proposal considered to be number 3. Then the points assigned to each Proposal by all Panel members will be added together. In the case of a tie, the most senior member from among the Panel members will break the tie, choosing the Proposal considered to be the best. The result of this process will be the list with the final score for each Proposal (the “List”), which will reflect the score obtained by all the Finalists.
The Proposal with the most votes will be declared winner of the Competition (the “Winner”). The relevant Participant will be notified of such condition during a prize ceremony to be held also in Madrid.
4.2. Rules applicable to all stages
If any of the stages referred to in the previous paragraphs cannot be held within the scheduled period, or need to be canceled temporarily for reasons beyond the control of BBVA, they will be held in the periods considered appropriate by BBVA, and the Participants will be notified at the Registered Email and/or through the website referred to in 3.2 above. For reasons beyond the control of BBVA, these stages may also be canceled definitively, in which case the Participants will also be notified in the same manner.
Should the Winner or a Finalist be unable to comply with the specifications of these Terms and Conditions or with the instructions given by BBVA, or if they do not accept the Prize in the form and period established in these Terms and Conditions, BBVA reserves the right to (i) declare the position of the Winner or Finalist null and void and, consequently, the corresponding Prize or (ii) appoint another Winner or Finalist, following the order established on the List.
The members of the Evaluation Committee and Panel:
(i)shall act fairly and impartially, and if in the past or present they have had or have any kind of relationship with a Participant, they must notify this relationship in order to abstain from assessing this Participant's Proposal;
(ii)may relinquish their position on these bodies without prior notification in the case of any circumstances beyond their volition and/or control, if they see fit to cease to be a member of such bodies; and
(iii)will cease to exercise as such, and no longer occupy said position or abstain from their assessment or vote, in the case of the occurrence of circumstances that prevent this, such as –among others– having had or having any kind of relationship with the Participant.
The abstention or withdrawal of a member of the Evaluation Committee or the Panel shall entail no disadvantage for the Participants. Should any of these circumstances arise insofar, BBVA will immediately appoint an equally qualified substitute. If a member of the Panel cannot be substituted, the vote will be distributed equally among all members of the relevant panel present.
All the decisions taken by BBVA, the Evaluation Committee and the Panel are considered final and binding. BBVA reserves the right to substitute or modify the composition of the aforementioned bodies at any time, and when, at its sole discretion, such substitution or modification is necessary or appropriate for the Competition.
The probabilities of being a Finalist or the Winner (and of obtaining the Prizes described in point 5 below) are related to the number of eligible Proposals and their quality. Eligibility to become a Finalist or the Winner is neither contingent upon nor will special consideration be given to Participants making or having made any kind of purchase or payment, or being a customer of a BBVA Group entity during the Validity Period.
In the selection and voting of the Proposals, particular consideration will be given to the originality and innovative character of the Proposal and to Proposals' capacity to transform the financial sector.
Competition results will be announced to the Participants once the process set at this section 4 is completed, through the web www.bbvaopentalent.com/ideas.
This Competition covers the following types of prizes (hereinafter, the “Prizes”) to be awarded to the Finalists and the Winner selected according to the mechanics described in Point 4 of these Terms and Conditions:
5.1. Trip to participate in the Final Event
Each of the Finalists will receive a Prize comprising a trip for one person to participate in the Final Event in Madrid at the location and date scheduled by BBVA. The value of this Prize will depend on and match the market value of the corresponding transport tickets and hotel fees.
The trip will include roundtrip transportation for each Finalist from a major gateway airport/train station nearest the Finalist’s place of residence and hotel accommodation (one (1) standard hotel room) - costs which will naturally derive from their participation in the Final Event -. These expenses will in all cases be determined by BBVA for the Finalist (in the case of a legal entity, for a natural person acting on behalf and in representation of this entity).
Should a Finalist or the natural person acting on its behalf, be unable to attend the Final Event, a different physical person may attend in his/her/its place, so long as the Finalist sends BBVA prior notice thereof and requests authorization to do so via email to [email protected], and provided that the substitute meets the requirements for acting on behalf of the Finalist where pertinent. BBVA shall send notice of the decision regarding this authorization by email to the Registered Email.
The Finalist must bear in mind that a credit card may be required thereof when registering at the hotel, though a valid ID, passport or equivalent document must be carried at all times to be able to travel.
BBVA shall select the transport and accommodation fees that it considers to be the most appropriate. Likewise, BBVA reserves the right to select the dates and times for transport at its own discretion. After selecting the travel dates, no changes thereto may be made.
Once the Finalist is in possession of the transport tickets and hotel voucher, BBVA assumes no further liability or obligation for the loss, misplacement or theft thereof. BBVA accepts no liability for any delay, cancellation, substitution or any other action of similar nature regarding any reserved transportation or hotel accommodation.
Finalist must comply with all indications given insofar as the present Prize, otherwise the Finalist assumes that the right to receive the Prize may be forfeited.
Finalist or, as the case may be, their representatives, are the sole parties liable for their own actions and conduct during the trip, accommodation and participation in the Final Event.
5.2. Economic Prize for the Winner
The Winner will receive a Prize comprising the delivery of ten thousand euros (€10,000), subject to this Terms and Conditions and, in particular, to number 6 below.
6. Notification and acceptance of Prizes and tax matters.
6.1. Notification and acceptance of Prizes
BBVA will notify the Finalists and the Winner (the “Prize Winners”) of their respective Prizes in the manner described below:
a) The Prize Winners will be notified by BBVA of their condition and of the Prize they will receive in accordance with point 4 above, respectively.
b) From the time the notification indicated in section a) above is sent, the Prize Winners will have a period of five (5) working days to contact BBVA at the email address [email protected] to expressly manifest their willingness to accept the Prize. If this period of five (5) working days has elapsed and the Prize Winner has not been in contact with BBVA, it will be understood that he/she has not accepted and loses the right to obtain the Prize, and BBVA shall be freely entitled to make use of it. BBVA may declare the Prize null and void or appoint a new Prize Winner in the same manner as described in point 4.
c) In the same five (5) working days indicated in paragraph b) above, the Prize Winners will provide BBVA via the email address [email protected] with their Tax Identification Number (NIF) or Company Tax Identification Number (CIF) or equivalent in their country, full names and address. In this notification the Prize Winners must also indicate the mailing address to which they wish to be sent one of the copies of the acceptance document. The Winner must at the same time provide the details of their bank account where they will receive the transfer of the economic Prize. The Finalists must at the same time provide full name and Tax Identification Number (NIF) or equivalent in their country of the individual who will be traveling, if different from the ones already requested.
For the purposes of claiming entitlement to any Tax Treaty benefits, the claimant must provide the Tax Residence Certificate in force within the meaning of the Tax Treaty. The certificate should be sent to the following email address [email protected] within a maximum period of thirty (30) working days calculated from the notification indicated in section a) above. Failure by BBVA to receive this Certificate of Tax Residence in force within the period and in the form indicated, where required, will prevent the avoidance of double taxation.
All taxes with a state and/or local nature and all costs that may not be specified in these Terms and Conditions shall be the Prize Winner's responsibility. The Prize Winner will be solely responsible for paying any tax and/or cost derived from the relevant Prize notwithstanding the provisions of the penultimate paragraph of point 6.2 below.
d) Once the Prize Winners have completed all the steps indicated in the above sections and provided all the data and information requested, BBVA will send them the document for acceptance of the Prize by email (to the Registered Email). The Prize Winners must review it and, if they agree, sign all the pages in duplicate. Once the aforementioned document has been reviewed and signed as indicated (in duplicate and on all the pages), it must be delivered to BBVA: (i) by sending it to the mailing address indicated by BBVA in the instructions contained in the same email accompanying the acceptance document, and (ii) sending a scanned copy to the email address [email protected]
In the case that BBVA does not receive the acceptance document signed by the Prize Winners within a period of twenty (20) working days, the Prize Winners will lose their right to receive the corresponding Prize, and BBVA will be entitled to use it freely. This period of twenty (20) working days will be calculated from the day BBVA sends the email to the Prize Winners for the purposes of delivering the aforementioned document to them, as mentioned in the preceding paragraph.
e) Once the acceptance document signed in duplicate and –where applicable– the Certificate of Tax Residence in force have been received by BBVA, it will sign this acceptance document and return one of the copies to the Prize Winner, by sending it to the mailing address indicated by the Prize Winners on the email addressed to BBVA for this purpose, and expressly manifesting their willingness to accept the Prize (email mentioned in section b) above).
f) Once these steps have been completed, BBVA will carry out the actions and procedures necessary to deliver the Prize:
(i) For the trip to the Final Event, BBVA will contact the Finalists via the Registered Email and request the necessary details before making the travel and hotel reservations.
(ii) For the economic Prize of ten thousand euros (€10,000) awarded to the Winner, BBVA will make the transfer to the bank account indicated by the Winner for this purpose, and mentioned in section c) above. This delivery should occur no later than six (6) months from the date the acceptance document signed by BBVA has been sent to the Winner, as stated in section e) above.
The Prizes in this Competition are non-transferable and may in no case be the object of exchange, alteration, compensation or financial payment at the request of the Prize Winner(s).
BBVA is not responsible for the use made by the Prize Winner of the Prizes. Marketing and/or sale of the Prizes are prohibited.
BBVA reserves the right to change the Prizes for another of equal or greater value if circumstances occur to hinder or prevent their delivery.
Completion of the Prize Winner's identification and tax data is mandatory and necessary before the Prize can be awarded, and thus the absence of any such data shall entail the loss of entitlement to the Prize obtained.
6.2. Tax matters
The Prizes in the present Competition are governed by Law 35/2006 of November 28 approving the Personal Income Tax and the partial amendment of the Laws on company, non-resident income and wealth tax; Royal Decree no. 439/2007, approving its regulation and subsequent amendments; Royal Decree-Law 5/2004 of March 5, approving the revised text of the Non-resident Income Tax Act (IRNR); Royal Decree 1776/2004 of July 30, approving the Regulation of Non-Resident Income Tax; Law 27/2014, of November 27, on Company Tax; Royal Decree 634/2015 of July 10 approving the Regulation on Company Tax, and therefore, in that case, BBVA shall be responsible for making the payment on account or the corresponding withholding of the Personal Income Tax (IRPF), Non-Resident Income Tax (IRNR) or Company Tax.
In accordance with the mentioned regulation, Participants are informed that the Prizes granted for the participation in competitions are considered capital gain subject to withholding tax or payment on account of the aforesaid taxes if the value of the Prize exceeds three hundred euros (€300). For this purpose the rate of payment on account established by law at any given time will be applied, currently 19% for residents of the European Union or the European Economic Area (Norway and Iceland) and 24% for all other non-residents without permanent establishment, unless these last two cases are covered by a Treaty to avoid double taxation signed by Spain, in which event it shall be as specified in that Treaty.
Any tax consequences on the Prize Winners' tax situation as a result of obtaining a Prize will be borne by the Prize Winners themselves, thus releasing BBVA from any liability. For this purpose, BBVA will issue and send the Winners a certificate with the data corresponding to the Prize after the end of the calendar year.
In order to comply with the above, the Prize Winners must provide BBVA, in the time and manner specified in paragraph c) above, their Personal Tax ID or Company Tax ID, as appropriate, full name and address, for the purpose of withholding tax payments that may be applicable. In the event the application of an Agreement for the avoidance of Double Taxation is invoked, the Tax Residence Certificate in force must be provided, issued by the tax authorities of the Prize Winner's country of residence.
7. Handling of personal data and Intellectual and Industrial Property Rights
7.1. Handling of personal data
In compliance with the specifications of Organic Law 15/1999 of December 13 on Data Protection, and Law 34/2000, of July 11 governing services provided in the information society and e-commerce, the Participants expressly authorize BBVA to access, process and store the personal data provided for participation in the Competition on any support or tools that may be used for this purpose, in addition to other data they may provide in the event they are named Prize Winners. The Participants also authorize BBVA to incorporate the data obtained from their participation (including recording, filming or taking photographs for the purposes of public reproduction and communication) into a file under the ownership of BBVA, in order to carry out the processes of registration, participation, assessment of the Proposals, granting of the Prizes and other tasks of communication, information and promotion associated to the Competition. This information will be processed and stored using the technical and organizational security measures required by law to ensure the security of the data and to prevent its manipulation, loss or unauthorized handling or access, according to the state of the technology and the nature of the information and the potential risks to which it might be exposed.
The Participants also authorize BBVA to use the information in the above paragraph –unless the Participants expressly specify their opposition to this processing– for the sending, by any means, including email or other equivalent mode of electronic communication, of information on events, products and services related to the field of innovation, without this authorization entitling the Participant to any remuneration or benefit.
The authorization mentioned in paragraph one and two of this point 7 may be revoked at any time by the Participant by notifying BBVA at the email address: [email protected] Given that the authorization referred to in paragraph 1 above is essential for the development of the Competition, its revocation will imply the automatic withdrawal of the Participant from the Competition.
The file owner is Banco Bilbao Vizcaya Argentaria, S.A., with registered address at Plaza de San Nicolás 4, 48005, Bilbao. The Participants may exercise their rights to access, rectify, cancel or oppose the data free of charge in the terms specified in Organic Law 15/1999 on Data Protection and its regulatory implementations, at the email address [email protected] These rights cannot be exercised retroactively.
7.2. Intellectual & Industrial Property Rights
With the exception of the use authorized herein and necessary to manage the participation in the Competition, the copyright of the Proposals will remain under the ownership and/or control of the Participants and the Proposals may not be used or distributed without the explicit consent of the owning Participants.
The Winner irrevocably licenses to BBVA all intellectual and industrial property rights and any other rights of similar content over their Proposal. Such license shall be non-exclusive, in perpetuity, worldwide and for all media, to the extent which is consistent with the normal exploitation of the Proposal, the Competition and BBVA’s purposes.
The Participants must guarantee that the Proposals and their information are owned by them and are contributed voluntarily to the present Competition, and in no case contravene the current applicable legislation or infringe any type of third party rights (particularly those pertaining to intellectual and industrial property), and are at all times in possession of the necessary authorization to participate in the present Competition. They also guarantee that the Proposals and their information are not offensive, nor demeaning, incite to violence, racism, or infringe the fundamental rights or public freedoms recognized by the applicable law and the law on the protection of childhood and youth; and do not constitute or represent an intrusion into the personal or family privacy of natural persons, nor an infringement of the right to honor of third parties or the secret of communications. Furthermore the Participants declare that they have been granted all the necessary rights of intellectual and industrial property over their respective trademarks and logos, if applicable.
The Participants acknowledge that BBVA and/or any other BBVA Group entity may have been or may be working on developing ideas that are similar to the ones set out in the Proposals and Participants acknowledge that BBVA and/or those entities are free to make use thereof without being able to make a claim to any of them in this regard.
7.3 General Provisions
The Prize Winners authorize and give their express consent for BBVA and the following institutions in its Group: BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer and Compass Bank (the “Subsidiaries”), to publicly use their personal data (including their image and voice), trademark and logo, if applicable, and the contents of their Proposals, for any promotional and advertising uses or activities and for activities designed to disseminate the present Competition, including their publication on the different websites owned by BBVA and/or the Subsidiaries. This use by BBVA and by the Subsidiaries will not entitle the Prize Winners to any retribution or benefit. Prize Winners expressly renounce any type of action or claim against BBVA or the Subsidiaries due to these activities for advertising, promotional and dissemination purposes. Prize Winners consider themselves to have been notified of this concession to these institutions by virtue of the present clause. The consent provided herein by the Prize Winners is irrevocable in nature and at all times devoid of retroactive effects. All the data and information requested for this purpose are mandatory and essential for the development of the Competition.
The images, videos, records, creative material and recordings and, in general, any graphic, audio, visual or audiovisual material, regardless of the support or communications method in which they are materialized, or disseminated (hereinafter, the “Elements”) that may have been made by BBVA and/or the Subsidiaries, shall be the property of these institutions respectively, and it shall be understood that the Prize Winners cede all rights of exploitation over them on an exclusive basis. BBVA or the aforementioned institutions shall have the right to use the Elements and subject them to any adaptation, modification, variation, or transformation as long as this does not involve modifying the personal information of the Prize Winner in the Elements.
The rights over the data and information referred to in this point 7 are granted with no limitation to the geographical scope and for all the Validity Period plus one (1) additional year as from the date of termination of the said period. All the information and data will be conserved by BBVA and –where applicable– by the Subsidiaries, for the Validity Period plus one (1) additional year as from the date of termination of said period.
In the event that on behalf of the Prize Winner acts an individual, this provides all the authorizations and consents set out in this point 7 in relation to data and information of its own and has the rights and manner of exercising them established in this point 7, with regard to such data and information. In case that the individual that intends to act on behalf of the Prize Winner is not the one who has applied for registration of said Prize Winners, before acting on behalf of the relevant Prize Winner this individual shall expressly agree in writing to the provisions of this point 7.
8. Exemption from liability
The Participants shall be held solely liable for any infringements and damages caused or that may be caused to the rights of third parties through the submission of their Proposals in this Competition, and shall compensate the third parties affected and BBVA and/or the Subsidiaries for any damages incurred by the breach of their obligations in the present Competition and the present Terms and Conditions. The Participants shall therefore hold BBVA and the Subsidiaries harmless at all times from any claims by third parties, and the Participants shall be solely liable to assume fully whatsoever costs or monetary encumbrances may be due in favor of third parties as a result of actions, claims or conflicts derived from non-compliance and/or inaccuracy or lack of truthfulness of the obligations established in the present Competition and in these Terms and Conditions. Thus, if a third person files a claim against BBVA for violation of any intellectual property and/or industrial rights, Law 15/1999 of 13 December (Act), or any other without limitation; the Participant is obliged to compensate BBVA of any amounts related with this claim.
BBVA may not be held liable for any delays or any other circumstances caused by third parties that may affect the participation in or development of the Competition.
BBVA shall not be held liable for damages of any kind that may be caused by the temporary unavailability or continuity of the operation of the system that enables participation in the Competition. Under no circumstance whatsoever shall BBVA be responsible for loss, damage, or prejudice of any type that could result from accessing and using the website bbvaopentalent.com, including but not limited to, damage caused to computer systems or as a consequence of computer viruses and/or attacks. Furthermore, BBVA shall not be held liable for any damage that the Participants may sustain as a result of improper use of the above-mentioned website, or for any failure, interruption, absence or defect in telecommunications.
BBVA shall not be held liable for delays in the mail or in the telecommunications networks with respect to records, submission of data, delivery of the Prizes, and –among others– shall not be held liable for the loss, deterioration, theft or delay of the same.
If the Competition cannot be held due to the detection of fraud, technical errors or for any other cause beyond the control of BBVA and which affects its normal development, BBVA reserves the right to cancel, modify or suspend this Competition.
BBVA does not accept responsibility if the Participants’ data are incorrect or if it is unable to contact them through no fault of BBVA.
9. Legislation and Jurisdiction
Spanish law governs this Competition. Any issue deriving from the application, interpretation or compliance of the Competition, its Terms and Conditions and any documentation generated in and for this Competition shall be resolved before the Courts and Tribunals of Madrid. Participants expressly renounce any other law or jurisdiction to which they might be entitled.
These rules have been translated into English language. In the event of any disagreement, dispute, controversy, or contradiction between these and its English translation occurs, will prevail for all purposes the rules written in Spanish language.
10. Acceptance of the terms and conditions
Participation in this Competition implies the full acceptance of the Terms and Conditions established herein and the express submission to the interpretation of the Terms and Conditions made by BBVA.
The Terms and Conditions of this Competition, written in Spanish language and translated to English language, have been deposited for public registration on 13 February 2017 before the Madrid Notary Public Mr. Antonio Pérez-Coca Crespo, at Calle Monte Esquinza, 6 Planta Baja, 28010, Madrid.