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  1. Legal news
    08 April 2020
    Financial first aid measures adopted in Slovakia in response to COVID-19
    www.twobirds.com/en/news/articles/2020/slovakia/financial-first-aid-measures-adopted-in-slovakia-in-response-to-covid

    Following the outbreak of COVID-19, the financial sector as well as the government are taking several actions to mitigate negative economic consequences in an effort to keep the financial system in a good condition.

  2. Legal news
    09 April 2020
    Financial first aid measures adopted in the Czech Republic in response to COVID-19
    www.twobirds.com/en/news/articles/2020/czech-republic/financial-first-aid-measures-adopted-in-the-czech-republic-in-response-to-covid19

    In response to COVID-19 pandemic, various financial first aid measures were adopted in the Czech Republic including loan programs or pecuniary support. Other financial first aid measures shall follow in near future.

  3. Legal news
    03 April 2020
    Insights on the governmental measures taken in response to COVID-19 in Hungary
    www.twobirds.com/en/news/articles/2020/hungary/insights-on-the-governmental-measures-taken-in-response-to-covid-19-in-hungary

    1. An important piece of legislation designed to address and mitigate the potentially grave economic consequences of the coronavirus, Governmental Decree No. 47/2020 (III.18.) entered into force on 19 March 2020 (the ...

  4. Legal news
    08 April 2020
    Postponement Of Holidays In Connection With COVID-19
    www.twobirds.com/en/news/articles/2020/denmark/covid-19-udskydelse-af-ferie-i-forbindelse-med-covid-19

    On 2 April 2020, the Danish government has passed act no. 348 on postponement of holidays in connection with COVID-19 allowing employers to postpone employees’ holidays accrued to the next holiday period.

  5. Legal news
    01 April 2020
    COVID-19: German Regulator BaFin uses “Full supervisory flexibility”
    www.twobirds.com/en/news/articles/2020/germany/covid-19-german-regulator-bafin-uses-full-supervisory-flexibility

    The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) set up an emergency Website informing financial institutions, regulated entities and the public on all ...

  6. Legal news
    14 May 2020
    EBA Guidelines on Moratoria on Loan Repayments in the Light of COVID-19
    www.twobirds.com/en/news/articles/2020/germany/eba-guidelines-on-moratoria-on-loan-repayments-in-the-light-of-covid19

    EBA issues Guidelines on legislative and non-legislative moratoria on loan repayments in order to support the financial system during the COVID-19 pandemic.

  7. Legal news
    01 April 2020
    Impact of COVID-19 on project finance: a German law perspective
    www.twobirds.com/en/news/articles/2020/germany/impact-of-covid-19-on-project-finance-a-german-law-perspective

    As COVID-19 continues to send shock waves through the economy, project finance developers prepare to sail through turbulent waters. Solutions are required for the manifold challenges of the crisis – be it the ...

  8. Legal news
    15 July 2020
    UK: FCA issues new temporary guidance and instructions to payment institutions and electronic money issuers in context of coronavirus pandemic
    www.twobirds.com/en/news/articles/2020/uk/fca-issues-new-temporary-guidance-and

    On 9 July 2020, the UK Financial Conduct Authority (FCA) published a 'Dear CEO' letter (the "Letter") addressed to Authorised Payment Institutions and E-money Institutions ("Firms") highlighting 6 key areas where it has ...