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.

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CEE legislation tracker: Czech Republic

Banking & Finance, Capital Markets Interest-free state loans and guarantees Following the first three credit and guarantee initiatives COVID I, II and COVID Prague designed for the small and medium sized enterprises, the Ministry of Industry and Trade (“MoIT”) and the Czech-Moravian Guarantee and Development Bank (“CMGDB”) are now planning a COVID III guarantee. COVID […]

CEE legislation tracker: Turkey

Banking & Finance, Capital Markets Article 23 to 27 of the Capital Markets Law (governing material transactions and minority shareholders, including the right to exit, the offer to buy shares, the obligation to buy shares, the right to sell) will not apply to the transactions of the Turkey Wealth Fund, sub-funds and companies that will […]

COVID-19 and investment protection

As the world grapples with COVID-19, we are seeing some of the most unprecedented State measures of our time. Measures causing severe financial damage to many businesses and industries. Where does that leave foreign investors? Will they be able to claim compensation?

Corona Crisis: Amendment of the obligation to file for insolvency in CEE

With the fourth law on COVID-19, the Austrian legislator has suspended the obligation of an overindebted debtor to file for insolvency until 30 June 2020, irrespective of the cause of the over-indebtedness. Some other countries in the CEE region have also adopted measures to combat the consequences of COVID-19 as detailed in the following overview…

Latest Briefings

Covid-19 & green finance: What next?

In this feature article, Mark Oliphant of The International Stock Exchange Group goes from Brexit and through COVID-19 to explore the impact so far on, and the prospects for the future of, green finance and the wider sustainable investing market.

Virtual roundtable: In a period of unknown, how can we make a difference?

Following the success of our first Virtual Roundtable, we are pleased to announce details of the next session. The expert panel will continue their discussion around current priority pain points, challenges and opportunities. They will share more insights into the shifting workplace culture, and how they are adapting to new ways of working during the […]

Covid-19 – charity AGM restrictions in the Isle of Man

The COVID-19 pandemic and associated restrictions place unprecedented difficulties on Isle of Man registered charities holding their Annual General Meeting (AGM). Due to the recent implementation of measures regarding social distancing, isolation and restrictions on travel and movement, the logistics of a charity holding an AGM in the usual manner is not possible. The Isle of Man Attorney General has issued some guidance to assist Manx charities over the coming months.

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It’s not all bad for real estate lawyers

The ONS released its quarterly economic data on Wednesday and the March figures were not pretty for the UK real estate sector. After only two weeks of lockdown, GDP fell by 2 per cent for the quarter, construction output fell 2.6 per cent and retail sales dropped 3 per cent. In the short run, this […]

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