Exceptions to Limitations on Dividend Distribution in Turkey

Provisional Article 13 introducing certain limitations on capital companies’ dividend distributions was added to the Turkish Commercial Code through Law No. 7244 on Reducing the Effects of the Novel Coronavirus (COVID-19) Pandemic on Economic and Social Life and the Amendment of Certain Laws.

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.

Impact of COVID-19 on Holding the General Shareholders Meetings in Romania – New Temporary Measures for Non-listed Companies Only

The long-awaited government enactment on the holding of the general meeting of shareholders in the context of the COVID-19 outbreak was finally passed in the form of the Government Emergency Ordinance No. 62/2020 that entered into force on 8 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.

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.

Update on COVID-19-related Fiscal Incentives and Direct Financial Aid to Corporate Sector in Serbia – Status on 1 May 2020

BDK Advokati provides an update on COVID-19-related Fiscal Incentives and Direct Financial Aid to the corporate sector in Serbia.

#newliquidity - Additional Slovenian State Guarantee Scheme

The Slovenian government confirmed a draft of the new Law on ensuring additional liquidity to the economy for mitigation of the consequences of the COVID-19 epidemic. The draft is expected to be decided upon by the Parliament in an urgent procedure.

Public Call for Loan Applications

The Development Bank of the Republic of North Macedonia announced its second public call for providing interest-free loans to local companies.