This article examines whether the impact of COVID-19 pandemic may constitute a force majeure event under Greek law perspective and if so, how it may affect the performance of contractual obligations in the Greek jurisdiction
The spread of COVID-19 has caused in view of the potential effect on facility agreements. While the effect of the pandemic may be temporary, there is likely to be an increased need for liquidity in an environment, where new loans will be difficult to obtain.
Germany has implemented measures to support businesses struggling from the effects of the COVID-19 epidemic. This includes a protective financial shield as well as changes to German civil and insolvency law.
German Tax Authorities have published measures which will help to reduce and delay tax payments in 2020. Each business will need to apply for these tax reliefs individually at the competent German tax office.
The German Federal Government has announced support measures for businesses struggling from the effects of the COVID-19 epidemic. This newsletter focuses on the implementation of a protective financial shield as well as certain additional measures including tax reliefs and a loosening of insolvency filing requirements.
alwitra is a market leader in Germany for plastic roofing and sealing membranes for flat roofs. The company generates an annual turnover of around €80m and has around 300 employees at its two main facilities in Trier and Hermeskeil.
Flexam focusses on investing in tangible industrial assets backed by rental contracts that provide regular cash flows.
On October 14, 2019, President Trump issued an Executive Order imposing sanctions on certain Turkish governmental officials and ministries in response to Turkey’s military offensive in Syria.
On October 10, 2019, the Marshall Islands was removed from the European Union’s blacklist of non-cooperative jurisdictions for tax purposes.
On August 5, 2019, US President Donald Trump continued to escalate US sanctions on Venezuela by imposing direct blocking sanctions on the Government of Venezuela.