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German Federal Government Announce Start-Up Financing Program

The German Federal Government has launched a series of assistance packages of measures for business against the consequences of the COVID-19 pandemic. In particular, the German Government is of the opinion that start-ups and young technology companies are particularly important for the German economy. See our alert for further details about the new measures.… Continue Reading

To Resolve The Impasse Created By The Karlsruhe Court’s ECB Judgment You Need To Address What The Court Has Actually Done

Our client alert dated 5 May explored some implications of the German Federal Constitutional Court’s decision the same day to prohibit the Bundesbank from participating in the European Central Bank’s (ECB) Public Sector Asset Purchase Programme (PSPP). A great deal of reaction and commentary since has focused on whether the Federal Constitutional Court’s admittedly very … Continue Reading

EU Commission Authorises State ‘Recapitalisation’ Measures To Support Failing Businesses Due To COVID-19

Last Friday (8 May 2020) the EU Commission issued a new communication setting out the conditions under which EU Member States can inject capital in companies in need (the “Recapitalisation Measures”). This announcement constitutes the 2nd Amendment to the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (which … Continue Reading

COVID19 Pandemic and the German Federal Government company aid measures

The German Federal Government’s various aid measures for employees, self-employed persons, small, medium and large enterprises are suitable for alleviating personal hardships, reducing the economic costs of insolvencies and plant closures and supporting the economy. In addition, it is important that the German Federal Government will play also a constructive role in overcoming the crisis … Continue Reading

German Federal Constitutional Court Judgment of 5 May 2020 prohibits Bundesbank from participating in ECB’s Public Sector Asset Purchase Programme

On 5 May 2020 the German Federal Constitutional Court (Bundesverfassungsgericht) rendered a judgement in a number of individual constitutional complaints (Verfassungsbeschwerden) of German citizens against the European Central Bank’s (ECB) Public Sector Asset Purchase Programme (PSPP) of 2015. The judgment was based on a provision contained in the German constitution which prohibits the German Parliament … Continue Reading

Directors’ Duties – a Guide for Businesses in the Czech Republic

This quick guide summarises the duties that directors of companies incorporated in the Czech Republic are subject to, and how those duties change when the company is insolvent or at risk of being insolvent. It also gives an overview of the personal risk to directors when the company is in financial difficulty and suggests some … Continue Reading

Directors’ Duties – a Guide for Polish Businesses

This quick guide summarises the duties that directors of  Polish companies are subject to and how those duties change when the company is insolvent or at risk of being insolvent. It also gives an overview of the personal risk to directors when the company is in financial difficulty and suggests some practical tips to help … Continue Reading

Directors’ Duties – a Guide for Belgium Businesses

This quick guide summarises the duties that directors of Belgium companies are subject to and how those duties change when the company is insolvent or at risk of being insolvent. It also gives an overview of the personal risk to directors when the company is in financial difficulty and suggests some practical tips to help … Continue Reading

Covid-19: Suspension of landlords’ termination rights in Germany

A new law in Germany means new rules for rental and lease agreements during the Covid-19 crisis. The special rule which came into force on 1 April 2020 and that applies initially for a period of three months to all commercial and private rental and lease agreements, may have a significant economic impact for landlords … Continue Reading
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