COVID-19: Any companies that apply for ERTE temporary layoff procedures due to force majeure and distribute dividends could lose their rights to relief from social security contributions
Royal Decree-Law 18/2020 determines that the distribution of dividends at companies applying for the special ERTE temporary layoff procedures can make them lose their rights to exemption from social security contributions and states that this measure will not be taken into account for the purpose of exercising the right to withdrawal of shareholders under article 348 bis 1 of the Capital Companies Law.
Limiting the liability of company directors helps create a culture of innovation
