Se ha publicado en el BOE un nuevo Real Decreto-ley (el 25/2020), con medidas urgentes destinadas a preservar el tejido productivo y apoyar la reactivación económica y el empleo.
Destacamos a continuación las principales novedades:
1. Medidas de apoyo a la inversión y a la solvencia
Se aprueba una nueva línea de avales ICO por importe de hasta un máximo de 40.000 millones de euros para
financiar inversiones productivas (a diferencia de las anteriores líneas, que estaban destinadas solucionar
problemas de liquidez).
The Spanish government has announced emergency measures aimed at protecting businesses and supporting economic recovery and employment in the country.
We highlight the main measures in the decree (RDL 25/2020) below:
1. Support for investment and solvency
State-backed guarantees for new investments
A further €40 billion of guarantees from Spain’s financial agency (ICO) are made available to finance productive
investment (unlike previous guarantees, aimed to be liquidity buffers).
As Covid-19 continues to spread across the world, the likelihood of your organisation being directly impacted by the outbreak (e. g an infected customer, employee etc.) also increases. Each organisation should insure that it has in place a robust organisational resilience plan which addresses all relevant issues.
Introduction
COVID-19 is likely to materially impact the financial position of many companies. It is therefore important for directors to consider whether there are any additional statutory or common law duties that they need to consider in the context of their companies facing financial difficulty.
Merger control rules are still fully applicable in times of crisis. Any transactions that (i) lead to a change of control over a business or a part of a business on a lasting basis; and (ii) trigger the jurisdictional thresholds in the EU or a Member State’s merger control regulations, are still considered “reportable transactions” that require prior clearance.
What is new?
Despite the substantial scope of the first package of measures from the German government, the establishment of a "protective shield for employees and companies", it had already become clear that further measures would be necessary to mitigate the effects of the Covid 19 pandemic on the German economy (for the first package, see our newsletter of 18 March 2020).
The rapid spread of coronavirus disease 2019 (Covid-19) is a public health challenge that has affected more than 200,000 individuals globally. We are finding from our clients that many business continuity plans are not robust enough to help businesses manage the growing and evolving global nature of the outbreak and its potential disruption, both in the short and long terms.
The Government’s final report on how to deal with insolvent airlines has been criticised by major UK carriers for its headline-grabbing suggestion of a new Flight Protection Scheme which would see a levy of about 50p put on customer fares to cover the costs of any future repatriation exercise. But the implications of the report are potentially far more significant and wide-ranging for all stakeholders.
On closer analysis, the report could see changes in:
Year in Review - The Netherlands Law in 2016
Year in Review – Derecho Español en 2016
En los últimos meses se han sucedido en España dos procesos de elecciones generales y las distintas fuerzas políticas no han llegado a un acuerdo para formar gobierno hasta octubre de 2016. Lo anterior ha supuesto una ralentización importante de la actividad legislativa. Destacamos a continuación las principales novedades normativas y jurisprudenciales de 2016: