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Browse through a selection of articles from our legal experts on topics of interest to investors and businesses in our region.

Czech Republic: Bill on certain loan repayment measures in connection with the COVID-19 pandemic

9 April 2020 – On 1 April 2020, the Government of the Czech Republic approved, as expected, a bill allowing all debtors under loan agreements or similar contracts to notify their creditors of their intention to make use of a so-called protective period...

Czech Republic: A First Aid Package for your business – What immediate measures to take?

9 April 2020 – Many companies are in a state of near-paralysis as a result of the current coronavirus pandemic. At such a time, it is important to stop and think about what can be done to mitigate and avert further business disruptions.

Czech Republic: Updated overview of the Government financial aid available in relation to the COVID 19 situation

9 April 2020 – Our COVID-19 Task Force has summarised, in the document attached, the financial aid available in the Czech Republic, in relation to the COVID 19 situation.

Slovakia: Summary of government measures adopted in response to COVID-19

7 April 2020 – COVID-19 outbreak has far-reaching impacts on the all aspects on our lives and businesses. During the first week of April 2020, Slovak government and parliament worked hard to adopt a first set of measures to help citizens and businesses...

Hungary: Summary of measures issued by the Hungarian Government in connection with the state of emergency

20 March 2020 – In view of the ”state of danger” (in Hungarian: “veszélyhelyzet”) declared by Government Decree No. 40/2020. (III. 11.) adopted by the Hungarian Government and the ”special legal order” introduced as a result of the European...

Serbia: Mandatory moratorium on repayment obligations to banks and lessors

19 March 2020 – In response to the COVID-19 pandemic and the state of emergency introduced in Serbia on 15 March 2020, the National Bank of Serbia (“NBS”) adopted on 17 March 2020 two decisions aimed at protecting Serbia’s financial system: the...

Impact of new capital markets legislation on debt capital market issuances in Turkey

March 2020 – The Law Amending the Banking Law and Other Laws No.7222 (the “Amending Law”), published in the Official Gazette dated 25 February 2020 and numbered 31050, has introduced several amendments to Turkey’s Capital Markets Law No. 6362...

Bank ID introduced in the Czech Republic will utilise bank authentication tools to access public administration systems and other online services

February 2020 – Following their introduction in 2009, Data Boxes (in Czech: “datové schránky”) represented the Czech state’s only major foray into the world of e-government services. Another example are ID cards containing an electronic chip...

Amended Kazakh bankruptcy law: Insolvency proceedings have been simplified

February 2020 – On 10 January 2020, new amendments to the “Law on Rehabilitation Procedure and Bankruptcy” dated 7 March 2014 No. 176-V (the “Old Law”) and related legal acts came into effect by the Law dated 27 December 2019 No. 290-VI (the...

New Ukrainian Bankruptcy Code. The finance and debt restructuring perspective

November 2019 – On 21 October 2019, the Code on Bankruptcy Procedures adopted by Ukraine’s parliament on 18 October 2018 (“the Code”) came into effect. The Code replaces the Act of Ukraine on Renewal of Debtor’s Solvency or Declaring It Bankrupt...