01 April 2020
The UK Government announced wide-sweeping measures including an assistive financial package of at least £330 billion to help businesses cope during the Coronavirus crisis period
www.twobirds.com/en/news/articles/2020/uk/the-uk-government-has-announced-wide-sweeping-measures-including-an-assistive-financial-package

The UK Government has announced wide-sweeping measures including an assistive financial package of at least £330 billion to help businesses cope, which business can access from today.

06 April 2020
COVID-19: European Commission allows 100% government risk assumption of emergency liquidity assistance in Germany
www.twobirds.com/en/news/articles/2020/global/covid-19-european-commission-allows-100-government-risk-assumption-of-emergency-liquidity-assistance

In Germany the issuing banks of government emergency liquidity assistance loans had to assume at least 10% of the risk. The European Commission now cleared the path for a fully covered guarantee to SMEs

20 April 2020
Financial first aid measures adopted in Spain in response to COVID-19
www.twobirds.com/en/news/articles/2020/spain/financial-first-aid-measures-adopted-in-spain-in-response-to-covid-19

Following the declaration of the state of alarm in Spain due to the COVID-19 outbreak on March 14 2020, the Spanish Government announced the implementation of a series of extraordinary measures in the financial sector ...

03 April 2020
Governmental grants and financial assistance available for Swedish companies in distress due to COVID-19
www.twobirds.com/en/news/articles/2020/sweden/governmental-grants-and-financial-assistance-available-for-swedish-companies

With the 2019 Novel Coronavirus (Covid-19) continuing to spread globally, the effort to contain the viral outbreak by governments and health organisations has put pressure on major economies. Many companies are facing ...

01 April 2020
FIRB update: Reducing the monetary thresholds and extending the review period
www.twobirds.com/en/news/articles/2020/global/firb-update-reducing-the-monetary-thresholds-and-extending-the-review-period

On 29 March 2020 the Treasurer announced two significant changes to Australia's foreign investment rules. The changes are effectively immediately (but will not apply to transactions entered into before 10.30pm on 29 ...

06 April 2020
Director's duties and COVID-19
www.twobirds.com/en/news/articles/2020/global/directors-duties-and-covid19

Directors have a duty to act in the best interests of the company. A director has the following general duties under the Companies Act 2006:

07 May 2020
Slovakia & COVID-19 & Financial update
www.twobirds.com/en/news/articles/2020/slovakia/slovakia-covid19-financial-update

The COVID-19 pandemic is disrupting our daily lives, as well as entrepreneurs' operations in all business sectors. The state authorities must react fast and adopt legislation aiming at mitigating the COVID-19 negative ...

28 May 2020
COVID-19: FCA Consults On Safeguarding Guidance For PSPs And EMIs
www.twobirds.com/en/news/articles/2020/uk/covid-19--fca-consults-on-safeguarding-guidance-for-psps-and-emis

Prompted by the COVID-19 crisis, the FCA is consulting on temporary guidance which will apply to payment service providers (PSPs) and electronic money institutions (EMIs). While the proposed guidance focuses on ...

03 April 2020
COVID-19: Germany's Federal Government announces Start-Up aid-programmes
www.twobirds.com/en/news/articles/2020/germany/covid-19-germanys-federal-government-announces-start-up-aid-programmes

On 1 April 2020, the Federal Ministry of Finance alongside the Federal Ministry for Economic Affairs and Energy have announced a tailored start-up aid programme worth EUR 2 billion, to combat COVID-19 related recession.

31 March 2020
KFW emergency liquidity assistance to combat COVID-19
www.twobirds.com/en/news/articles/2020/germany/kfw-emergency-liquidity-assistance-to-combat-covid-19

To combat COVID-19 and its economic impact, German state-owned development bank Kreditanstalt für Wiederaufbau (KfW) has introduced the unlimited “KfW special programme 2020.” We have summarised the programme with ...