In this document, we provide an overview of German government assistance that has already been implemented or is planned to mitigate the effects of coronavirus COVID-19. The KfW Special Program is available as of March 23, 2020 and applications can be submitted. Please be advised that changes may occur at any time. Click here to […]
Governments responses to the coronavirus COVID-19 pandemic are challenging the underlying economic infrastructure on which individuals and businesses rely. In this new guide we have set out the vital steps businesses should be taking to manage the current situation and their financial position going forwards. Click here to read the full document.
A pan-European guide focussing principally on changes to insolvency laws across Europe in response to the COVID-19 pandemic, including some ancillary material around finance packages which have been made available by government, is live on the website. If you have any feedback or comments please do contact one of the country contacts named or more […]
On Friday 20 March 2020, the Finnish government has agreed on a comprehensive package to safeguard jobs and livelihoods and ease the economic pressure on businesses. According to the government’s estimate, the overall scale of the measures will be approximately EUR15 billion. The coronavirus COVID-19 pandemic has cast significant gloom over global economic prospects and […]
On 22 March, the National Bank of Belgium (NBB) announced a guarantee scheme that should help individuals and companies facing financial difficulties because of the impact of COVID-19. The scheme consists of two pillars. First of all, the financial sector commits to providing viable non-financial companies with payment problems due to COVID-19 with a grace […]
On 26 February 2020, the Commercial Court of Nanterre has adopted a landmark decision on the future of bitcoin (BTC) in the context of a dispute over the repayment of loans on such cryptocurrency. The most striking contribution of this decision lies in the consular judges’ legal characterisation of such bitcoin, qualified as a fungible, […]
On 12 March, an Taoiseach, Leo Varadkar TD, announced the closure of schools, childcare facilities, colleges, and State-run cultural institutions, and recommended the cancellation of mass gatherings until 29 March. On 15 March, the Government also recommended the closure of all pubs until the same date and emphasised the need for the continued use of […]
On 17th February 2020, the European Commission (EC) published a Consultation Paper on its review of the regulatory framework for investment firms and market operators under the Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR). The EC is required to undertake a post-implementation review of the MiFID II […]