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  1. 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 ...

  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
    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 ...

  4. 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 ...

  5. 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.

  6. 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.

  7. 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

  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 ...