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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.

Serbia: Additional mandatory moratorium on repayment obligations to banks and lessors

29 July 2020 - In response to the COVID-19 pandemic, the National Bank of Serbia (“NBS”) adopted on 27 July 2020 two decisions aimed at protecting Serbia's financial system: the Decision on Temporary Measures for Banks for the Mitigation of Effects...

Serbia: Government support for issuance of corporate bonds - Updated

20 May 2020 (Update) – On 15 May 2020, the National Bank of Serbia (“NBS”) adopted the Decision on the Conditions and Manner of Implementing Operations on the Open Market (“Decision”). Pursuant to this Decision, the NBS may buy and sell RSD-denominated...

Serbia: State guarantee schemes further strengthen package of economic measures to mitigate impacts of the COVID-19 pandemic

27 April 2020 – As part of on-going efforts to mitigate the economic impact of the COVID-19 pandemic in Serbia, the Serbian government has recently adopted a decree (the “Decree”)[1] establishing state guarantees for qualifying commercial bank loans.

Serbia: Preferential loans part of government package to mitigate the impact of the COVID-19 pandemic

16 April 2020 – On 10 April 2020, as part of a wider package of economic measures aimed at mitigating the negative impact of the COVID-19 pandemic, the Serbian government adopted the “Decree on Determining the Program of Financial Support for Commercial...

Serbia: Government support for issuance of corporate bonds

14 April 2020 – On 10 April 2020, the Serbian Government adopted the support package for the Serbian economy in response to the COVID 19 pandemic that is worth in excess of EUR 5 bn and that had been initially announced on 31 March 2020.

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...