The Fifth COVID-19 Act Adopted in Slovenia
On 15 October 2020, the Slovenian Parliament adopted the Interim Measures for Mitigation and Elimination of Consequences Act COVID-19 (ZZUOOP) or the so-called Fifth COVID-19 Act.
New Banking and Financial Leasing Moratorium in Serbia
Author: Jelena Malesevic, BDK Advokati
Obligations subject to the moratorium
Less than a month after the expiry of the first COVID-19-related moratorium on corporate and retail debt, to Serbian banks and financial leasing companies, the National Bank of Serbia has imposed a new moratorium on payment obligations owed to banks under banking products (such as loans, overdrafts, credit cards, hedge instruments such as interest rate swaps, and bank guarantees) and financial leasing companies.
The moratorium does not apply to payment obligations arising under banking services such as payment…
Additional Amendments related to Slovenian Mandatory Moratorium on Banks Loans
On 13 May 2020, the Government of the Republic of Slovenia issued a decree on the implementation of the sureties for loans, which are subject to the moratorium.
Effectiveness of Provisional Measures Considering the Revocation of the Epidemic
The Government of the Republic of Slovenia adopted the Ordinance on the revocation of the epidemic of contagious disease SARS-CoV-2 (COVID-19), which entered into force on 15 May 2020 and will be applicable from 31 May 2020.
#newliquidity – Additional Slovenian State Guarantee Scheme
On 13 May 2020, the Government of the Republic of Slovenia issued a decree on implementation of the guarantees under the Law on ensuring additional liquidity to the economy for mitigation of the consequences of the COVID-19 epidemic.
Issues to be Careful about in Financing Agreements in Light of COVID-19
COVID-19 is a major threat to the world economy and the financial sector. It is for this reason that measures adopted by governments all over the world due to the pandemic as well as governmental decisions for certain sectors continue to affect commercial relations.
If the Economic Relief Measures Implemented by the Romanian State Do Not Suffice, What to Do Next?
Authors: Mirela Preda and Emanuel Flechea, NNDKP
Same as most of the states where the SARS-CoV-2 crisis emerged, Romania has adopted a quite extensive package of measures meant to sustain the shaken economy pending the cease of the emergency state. In this context, the Romanian Government regulated and is still implementing certain specific measures for easing the economic burden on companies during the state of emergency.
However, in the situation in which companies directly or indirectly impacted by the current state of play still face financial difficulties, irrespective of the support schemes…
The New Compliance Environment for Future Issuers of ‘Corona’ Bonds in Serbia
As a follow-up to the Decree on the Procedure for Issuance of Debt Securities, the Serbian Securities Commission has enacted amendments to the Regulation on Content of Application for Prospectus Publication Approval and Documentation Accompanying Application and the Regulation on Form and Minimal Content of Information to be Included in Prospectus, Basic Prospectus and Related Publications.
Additional Amendments related to Slovenian Mandatory Moratorium on Banks Loans
On 28 April 2020, the Slovenian Parliament adopted the Law Amending the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy, which includes certain amendments of the sureties for loans, which are subject to the moratorium under the ZIUOPOK, as well as amendments of certain additionally adopted measures concerning enforcement and bankruptcy procedures which are important for creditors and debtors.
