Business and Coronavirus Covid-19
The worldwide health alert triggered by coronavirus is generating a great deal of uncertainty among companies, affecting all aspects of their activity. Garrigues offers its clients multidisciplinary teams specializing in all practice areas in the countries in which it operates. Since the crisis took hold, the firm has established a team of professionals responsible for supervising the contents of this Special section, in which we provide information on all legal developments in relation to the coronavirus crisis, on proposals made by social partners, agreements, decisions, orders, etc.; in short, all the relevant information which companies need to be aware of.
European Employment Law Update 2021: Flexibility and teleworking
This edition of the European Employment Law Update is perhaps one of the most innovative editions that have been published in recent years. In fact, some of the regulations analyzed in this guide seemed impossible to apply just a few years ago.The government has announced new support programme for entrepreneurs: up to PLN 30 billion will be granted during the second quarter of 2021
The government has announced the allocation of an additional PLN 30 billion to continue support for entrepreneurs under the new anti-crisis programme in the second quarter of 2021. In April alone, the amounts paid out to entrepreneurs will total PLN 7 billion - by comparison, in March the sum of support amounted to PLN 3 billion. According to the government's announcements, the measures will mainly focus on maintaining jobs, but the new programme is also to be a background of the spring economic rebound that will follow the third wave of the pandemic.Arbitration 2020 overview: COVID-19 pandemic, renewable energy disputes agreements in Spain, the new LCIA rules and other global arbitration updates
2020 was without doubt an exceptional year. The COVID-19 global pandemic has impacted on all our lives and that has required us to make significant adjustments to way we conduct arbitration across the world. Despite the challenges that the pandemic has created, the adaptability and flexibility of arbitration have risen to these new challenges. We highlight below some of the most important and commented news during 2020. These include, amongst other topics, the agreements reached in the renewable energy claims against Spain, the publishing of the new LCIA rules, the expected Spanish Constitutional Court judgement regarding the control of arbitral awards by the courts and the recent UK Supreme Court ruling clarifying the law on an arbitrator’s duty to disclose.New Financial Shield 2.0 of the Polish Development Fund
The president has just signed a new Financial Shield to help entrepreneurs most affected by the second wave of the SARS-CoV-2 pandemic. The call for electronic applications is planned for the second half of January 2021. The amount of aid planned is estimated at PLN 40 billion.COVID-19 impact on investment arbitration
It is thought that the measures adopted to tackle the global crisis caused by the appearance of COVID-19 will be a catalyst for foreign investors filing claims against states. While we are likely to see an increase in investment arbitration in the next few years, it is unknown what stance states will adopt in response.Towards a common response to COVID-19 from the arbitration world: A call to arms
The stakeholders in international arbitration (arbitral institutions, tribunals, counsel and parties) have responded to the difficulties and challenges of the COVID-19 pandemic by forging a closer cooperation to provide a common response to allow international arbitration to deliver some degree of certainty in a volatile post-corona climate.COVID-19: New measures changing the time period for preparation and approval of financial statements and their tax consequences
Royal Decree-Law 19/2020 states that the three-month time period for preparing financial statements and other documents required by law will start to run from June 1, 2020, and reduces the time period for approving financial statements to two months running from the end of the time period for their preparation. In keeping with the new time periods for preparation and approval of the financial statements, it is allowed to file a second corporate income tax self-assessment until November 30, 2020. Additionally, amendments are introduced to the rules on tax deferrals for small and medium-sized companies and the self-employed along with a new stamp tax exemption; and a later date has been determined for publication of the list of delinquent tax payers.