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.

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…

Amendments of the Provisional Measures Concerning Judicial, Administrative and other Public-Law Affairs

With the intention of gradually restoring normal operation of courts and administrative bodies while continuing to prevent the spread of COVID-19, the Parliament of the Republic of Slovenia on 28 April 2020 adopted the Act on Amendments of the Act on Provisional Measures, with which it aims to alleviate some of the measures adopted in the judicial and administrative field.

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.

COVID-19: Intervention Measures to Support the Slovenian Economy

On 21 April 2020, the Slovenian Government proposed the amendments to the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy as adopted by the Slovenian Parliament on 3 April 2020.

Bankruptcy and Enforcement Procedures during COVID-19 Crisis

The Government of the Republic of North Macedonia adopted measures for postponement of enforcement procedures and bankruptcy procedures.

ECB Announces Package of Collateral Easing Measures as a Response to the Coronavirus Emergency

The Governing Council of the European Central Bank adopted an additional package of temporary collateral easing measures to facilitate the availability of eligible collateral for Eurosystem counterparties to participate in liquidity providing operations.

Insights on Restructuring and Turnaround Issues in Romania

At this time, there is an intense debate on the Romanian market right now with regard to measures to be taken, in the context of the abrupt economic downturn, which is rapidly unfolding in the aftermath of the coronavirus prevention measures.

A New Wave of Insolvencies? Possible Preventive Restructuring Measures in the Implementation of the European Directive on Preventive Restructuring

This legal analysis focuses on the typical case of a company that although it is not directly targeted by the measures established in order to prevent the spreading of the novel coronavirus, it still registers a decrease of demand, of the level of proceeds and of the production of goods and services.