coronavirus: banking, finance & capital markets
Austria: Covid-19: Welche Unterstützungsleistungen der öffentlichen Hand kann ich beantragen?
Die durch die COVID-19 Pandemie verursachten wirtschaftlichen Auswirkungen betreffen eine Vielzahl von Unternehmen. Die Politik hat bereits mehrere Maßnahmen zur Erhaltung der Zahlungsfähigkeit und Überbrückung von Liquiditätsengpässen für die heimische Wirtschaft verlautbart.
COVID-19: state aid scheme sets maximum prices and margins for certain goods I Poland
On 8 April 2020 the European Commission approved a state aid scheme worth Zl3.5 billion (approximately €700 million) for loans and guarantees to support the Polish economy in the context of the COVID-19 outbreak.1
22 April 2020
bulgaria croatia czech republic hungary poland romania serbia slovakia türkiye bosnia & herzegovina north macedonia montenegro austria
M.Pressler M.Šehović G.Szalóki K.Pawlak W.Kapica C.Tudoraș V.Kobe M.Lučivjanský L.Çelepçi
COVID-19 – Effects on regulatory approvals in financial sector M&A transactions
M&A and corporate transactions (including mere group-internal restructurings) in the financial sector often not only require profound corporate law documentation, but also financial regulatory approvals from the competent authorities/regulators.
Bulgaria: State aid in the age of COVID-19
During the COVID-19 outbreak businesses are facing the dilemma of whether to seek state aid or survive the crisis using their own resources.
State aid scheme to support Romanian SMEs in the context of the COVID-19 pandemic in light of the new amendments via GEO no. 42/2020
The Romanian government has finalised and adopted a state aid scheme to support SMEs in the context of the economic downfall generated by the global COVID-19 pandemic.
Bulgarian Coronavirus Payment Moratorium and its effect on cross-border financial transactions
The Moratorium was not self-proclaimed by the Bulgarian Parliament as an overriding mandatory piece of law so the courts discretion in cross-border scenarios has been retained
Czech Republic: State supports actions to mitigate the impact of the pandemic
Czech businesses and citizens have recently been affected by the adverse effects of the state of emergency declared due to COVID-19 and related emergency measures taken by the government or the Ministry of Health.
Czech Republic: Overview of the COVID-19 support measures currently available by the Czech public sector
The Czech public sector provides a number of support measures to companies and natural persons affected by the COVID-19 pandemic.
Slovenia: Government anti-coronavirus support schemes for businesses
On 25 March 2020, the Government of Slovenia announced a EUR 2bln rescue package intended to mitigate the adverse and diverse effects of the COVID-19 pandemic. The package primarily seeks to maintain jobs by providing pay check support and tax relief to employers and introducing additional mechanisms to reduce the liquidity shock on businesses.
The Serbian Commission for State Aid publishes a notice on the application of state aid rules during the coronavirus pandemic
In response to the ongoing coronavirus crisis, and following a similar announcement by the European Commission, on 17 March the Serbian Commission for State Aid Control ("Commission") published the Notice on the Application of the Rules for Granting State Aid in the Emerging COVID-19 Situation ("Notice").
Hungary: Extraordinary measures impact the Hungarian banking sector
On 18 March the Hungarian prime minister announced extraordinary measures to be taken as a result of the national emergency caused by COVID-19. Most of these measures have a strong impact on the Hungarian economy; in particular, the banking sector.