As the business world starts to count the cost of the COVID-19 pandemic and the government measures taken to contain it, attention is turning to the tools available to help companies that have been financially impacted.

Many companies are deferring payments to conserve liquidity, raising difficult questions around directors’ duties and leading to an immediate focus on how to protect the business from resulting creditor action.

New guarantee facility, extension of ERTE temporary layoff procedures, effects of the crisis on transfer pricing, return to judicial activity and ‘shields’ for businesses.

Esta semana cabe destacar la nueva línea de avales, la prórroga de los ERTE, los efectos de la crisis en los precios de transferencia, la vuelta de la actividad judicial y los posibles ‘escudos’ para empresas en dificultades.

Phase 1 of the ‘scaling-down’ process, third tranche of guarantees, extension of ERTE temporary layoffs, potential delay in the application of VAT directives and of DAC6, and measures to support the cultural sector

Las empresas deben estar atentas esta semana a la fase 1 de la ‘desescalada’, el tercer tramo de avales, la prórroga de los ERTE, el posible retraso en la aplicación de directivas de IVA y de la DAC6 y las medidas de apoyo al sector cultural.

The English Court of Appeal has handed down its judgment in the Debenhams case, on which we acted. A copy of the judgment can be downloaded here. This upholds the decision of the High Court, which followed the earlier decision in Carluccio’s.

Esta semana abordamos la reapertura al público de establecimientos, los efectos del RDL 16/2020 en materia procesal, concursal y tributaria, las medidas laborales ante la ‘desescalada’ y las novedades en trámites administrativos

For another week running, Garrigues examines the key legal issues that companies should be aware of to continue forward in the current context.

Las novedades regulatorias que afectan a las empresas se están aprobando de forma constante y continuada. Semana a semana, Garrigues ofrece un resumen de las principales cuestiones que deben tener en cuenta las empresas a lo largo de los próximos días.

Reopening to the public of establishments, effects of RDL 16/2020 on procedural, insolvency and tax matters, labor measures in preparation for de-escalation and news on administrative procedures