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.

Romania: Comments on the Envisaged Measures regarding Companies Corporate Governance

On 14 April 2020, the Romanian Ministry of Justice published a new draft emergency government ordinance on certain measures regarding the holding of general meetings of shareholders and meetings of the management bodies

General Assembly and Anti-Covid-19 Measures in Croatia

Companies usually hold their general assemblies at the end of the first quarter of a given year. However, given the current global COVID-19 pandemic and strict national measures introduced with the aim of combating the further spread of the virus, the holding of (mostly already convened) general assemblies has been severely hindered, and their postponement is being increasingly considered.

Impact of COVID-19 on Holding General Shareholders Meetings

Due to the ongoing outbreak of coronavirus, companies should reconsider their arrangements for the general meetimgs of shareholders as they must comply with public health measures, including the ban on large gatherings, travel restrictions, unavailability of venues as well as with potential practical disruptions, such as communication disorders.