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.
The Spanish parliament has approved the Law amending the Companies Act (Legislative Royal Decree 1/2010, of July 2, 2010) and other pieces of financial legislation, as regards the encouragement of long-term shareholder engagement at listed companies.
On March 10, 2021, most of the provisions in Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 come into force. The new obligations relate to both the internal organization of the vast majority of financial institutions, as well as the information they must publish on their website and in the pre-contractual information on their products.
English law, courts and lawyers are a popular option for business transactions in the EU. Brexit could possibly change that, not so much because of obstacles to a valid choice of English law or the enforceability of judgements rendered by English courts but because the UK is now outside the many procedures for judicial cooperation within the EU (summoning, taking of evidence and other forms of judicial cooperation) which are vital for effective cross-border litigation.
Managing and administrative bodies of business and civil legal entities may as an exception in 2021 hold meetings by phone or remotely or take action by written consent without holding a meeting, even where not expressly permitted by their bylaws.
With a total of 161 deals amounting to 15,285 million euros, the firm leads the TTR ranking in terms of number of deals in both Spain and Portugal.
The Official State Bulletin of December 23, 2020 carried notice of Royal Decree-Law 35/2020, of December 22, 2020, on urgent measures to support the tourism and hotel industries and trade and in relation to tax matters (RDL 35/2020), articles 1 through 6 of which include certain measures affecting non-residential lease agreements.
Together with the proposal for a Digital Services Act (see here), the European Commission has proposed a new regulatory regime applicable to certain platforms that provide digital services (Digital Markets Act, or DMA). The approval of these rules will involve substantial changes in the business models of a number of companies and will have a significant impact on how competition plays out in digital markets.
The European Commission has just published its proposal to regulate digital services in two texts which even it considers ambitious: the Proposal for a Regulation on Digital Markets (analyzed here) and the Proposal on a Regulation for Digital Services (DSA) which we address below. In forthcoming articles, we will take a close look at the many changes that lie ahead. Today, by way of introduction, we provide a summary of the main obligations (and rights) contained in the Proposal for a Regulation on Digital Services.
In the previous five articles in this series (see here) we saw the reasons and setbacks associated with startups’ exclusive dependence on equity, and the advantages of debt, in what is also a favorable scenario for debt. We saw the difficulty to provide general recipes for getting debt and a few not very promising routes for startups. And looked at venture debt as a suitable mechanism for startups. Together with discussing the importance of security interests and of thinking up ways of using new intangibles, and in the latest article we suggested pledges of future revenues.