COVID-19
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.
#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.
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.
Montenegrin Government Adopts Measures to Support the Economy amidst the Coronavirus Epidemic
The Government of Montenegro adopted two sets of measures in order to mitigate the adverse effects of the COVID-19 epidemic on the economy, as well as on the most vulnerable categories of citizens.
Amendments to Slovenian Mandatory Moratorium on Bank Loans
On 2 April 2020, the Slovenian Parliament adopted the so-called Mega COVID-19 Law which amends the Slovenian emergency law concerning mandatory moratoriums on bank loans and introduces certain additional measures concerning enforcement and bankruptcy procedures which are important for creditors and debtors.
COVID-19 Related Payment Moratorium on Financings in Bulgaria
The COVID-19 pandemic has multiple effects on the economy. Many businesses struggle to survive and are or may become unable to service their bank debt in the same way as they did before the outbreak of the pandemic. Governments and central banks around the world are imposing various emergency measures and taking actions to support the economy, the business and households in this emergency situation.
COVID-19 Related Payment Moratoria on Bank Loans in Southeast Europe
Governments and central banks around the world are imposing various emergency measures and taking actions to support the economy, the business and households in this emergency situation.One of the measures some governments adopt is a payment moratorium on bank loans.
Slovenian Mandatory Moratorium on Bank Loans
On 20 March 2020 the Slovenian Parliament adopted an emergency law (Zakon o interventnem ukrepu odloga plačila obveznosti kreditojemalcev - ZIUOPOK) concerning mandatory moratoriums to be approved by Slovenian banks to Slovenian borrowers at their request, with a view of preventing substantial damage to the economy and maintaining financial stability.
