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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
    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

  3. 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.

  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
    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
    14 September 2021
    The highest amount of the NextGenerationEU funds is coming Rome! How is Italy planning to use its trophy?
    www.twobirds.com/en/news/articles/2021/italy/the-highest-amount-of-the-nextgenerationeu-funds-is-coming-rome

    Among the European Union (“EU”) Member States, Italy is by far the largest beneficiary of the NextGenerationEU (“NGEU”) package, which, with its 750 billion euros funds, constitutes the largest stimulus package ever ...

  10. Legal news
    14 September 2021
    German Recovery and Resilience Plan – An exemplary role in Europe?
    www.twobirds.com/en/news/articles/2021/germany/german-recovery-and-resilience-plan--an-exemplary-role-in-europe

    The NextGenerationEU programme which was established by the European Union to support Europe's recovery from the COVID-19 pandemic also took concrete shape in Germany. The 25.6 billion euros in grants awarded to Germany ...