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Covid19 Crisis – Towards eased distant execution of documents in financing transactions under French law
Covid19 related lock down measures implemented in France since mid-March make it quite difficult if not impossible to hold physical meetings for signing financing transactions under French law / involving French parties. For notarised deeds, the emergency measures enacted by a decree dated 3 April 2020 have suspended the requirement of physical presence during and […]
Paris
Impact of the COVID-19 outbreak on real estate sales
This newsletter explains the consequences of the texts adopted by the government on the withdrawal period granted to the non-professional buyer (i), the fulfilment of the conditions precedent provided for in the sale commitment (ii) and the notarial deed of sale (iii).
Paris
Town planning procedures, regulatory timelines and impacts of COVID-19
The lockdown linked to the coronavirus, imposed since March 16, has had an impact on many real estate projects and operations, and in fact raises a number of questions in terms of urban planning. Since the beginning of the lockdown, many local authorities and actors in the field of urban planning law have thus found […]
Paris
Ukraine : Covid-19 legal alert n°2
Quarantine measures expanded beginning on 6 April 2020 New restrictive measures for the period of quarantine were introduced in accordance with Resolution of the Cabinet of Ministers of Ukraine no. 255 dated 2 April 2020 (officially published on 4 April 2020). New restrictions began to apply from 6 April 2020, and the main of them […]
Kyiv
Russia : COVID-19 : Consequence of new russia measures for business
We are actively following the developments related to those issues and are fully prepared to advise our clients.
Flash Partial Activity The Administration’s clarifications
As part of the state of health emergency, the Government has adopted a series of exceptional measures to support businesses. Thus, the Government has extended the partial activity scheme to cover 100% of the compensation paid to employees by companies, up to 70% of 4.5 SMIC. Difficulties, particularly procedural, have arisen regarding the implementation of […]
Paris
Temporary flexibility in the dates for submission of European prudential reporting statements, additional national requirements and public disclosure in the insurance sector
The European Insurance and Occupational Pensions Authority (EIOPA) believes that insurance companies should currently focus their efforts on monitoring and assessing the impact of the situation caused by the health crisis and ensuring their operational continuity. On 20 March this year, the EIOPA issued three recommendations concerning a relaxation of the dates for submitting European […]
Paris
Banks facing ACPR call and ECB recommandations not to pay dividends
The Autorité de contrôle prudentiel et de résolution (ACPR) issued a statement on 30 March 2020 calling on credit institutions under its direct supervision and finance companies to refrain from distributing a dividend in the context of theCOVID-19 pandemic[1]. This appeal is in line with the injunctions expressed to date by the Minister of the […]
Paris
Administrative procedures, particularly in environmental matters, during the covid-19 health emergency period
The Emergency Act to deal with the covid-19 epidemic of 23 March 2020 empowers the Government to take any measure within the scope of the law to deal with the consequences, particularly of an administrative nature, of the spread of covid-19 and measures to limit that spread. In accordance with Article 11 of this emergency […]
Paris
Renewable energies facing the health and social emergency
To deal with the covid-19 epidemic, the emergency law n° 2020-290 of 23 March 2020 to deal with the covid-19 epidemic was adopted on 23 March. In order to respond to the legal issues arising from the economic impact of this period of crisis, no less than 26 ordinances were published in the Official Journal […]
Paris
The Court of Justice of the European Union adapts in the light of the health crisis related to the Covid-19 pandemic
If its activity continues, it treats emergency, expedited and summary proceedings as a priority. Regarding procedural time limits: The time limits for lodging appeals and appeals shall continue to run and the parties shall adhere to them ; The time limits prescribed in ongoing proceedings – with the exception of the above-mentioned procedures – as […]
Paris
Extension of contractual deadlines expiring during the state of health emergency
Adopted as part of the measures supporting enterprises in the context of the Covid-19 crisis, the ordinance n° 2020-306 of March 25th, 2020 contains the following temporary provisions applicable to contractual deadlines:
Paris