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  1. Legal news
    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:

  2. 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.

  3. 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 ...

  4. Legal news
    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

  5. Legal news
    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 ...

  6. Legal news
    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 ...

  7. Legal news
    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.

  8. Legal news
    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 ...

  9. Legal news
    25 March 2020
    COVID-19: International Restructuring & Insolvency update
    www.twobirds.com/en/news/articles/2020/global/covid-19-international-r-and-i-briefing

    As the Novel coronavirus (COVID-19) pandemic continues to spread across the globe, people and businesses are facing unprecedented challenges, both immediate and strategic. Governments in various jurisdictions have ...

  10. Legal news
    07 April 2020
    Strong Customer Authentication, Fraud and the Coronavirus Crisis: New UK FCA guidance to firms
    www.twobirds.com/en/news/articles/2020/uk/strong-customer-authentication-fraud-and-the-coronavirus-crisis-new-uk-fca-guidance-to-firms

    The Financial Conduct Authority (FCA) in the UK has published a series of updates on COVID-19 over recent days and weeks. On 31 March 2020, the FCA updated its guidance to firms on Strong Customer Authentication (SCA) ...