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Professionals
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Noerr Corona Crisis Center

The spread of the coronavirus is confronting companies with many challenges: with respect to employees, customers, suppliers, investors and financing partners. The issues involved include employment, financing, capital markets, data protection and contract law as well as m&a, export control, healthcare and ongoing litigation and tax proceedings. The Noerr Corona Task Force provides answers.

General medical information on the issue coronavirus can be found here:
Germany: Robert-Koch-Institut
Europe: ECDC – European Centre for Disease Prevention and Control
Worldwide: WHO – World Health Organisation

Germany

Corporate Finance/Financial Measures by Government

European Commission approves German EUR 500 billion Economy Stabilization Fund
Start-ups and coronavirus: Convertible loans as a financing instrument in the coronavirus crisis
European Commission amends State aid framework to encourage private participation in recapitalisation measures and extends support measures to small enterprises
European Commission sets State aid framework for public recapitalizations and subordinated debt
State support for start-ups during the coronavirus crisis – Update to the €2 billion assistance package for start-ups
State support for start-ups during the coronavirus crisis
Act on the establishment of an economic stabilisation fund
Aid from the German federal and state governments at a glance
European Commission adopts Temporary Framework for State aid measures to support corona pandemic affected economy
Financing guide – coronavirus
The European Commission’s response to Corona under EU State Aid rules
National and European measures to reduce the economic impact of the coronavirus crisis

Employment Law/Short-time compensation

Covid-19 tests in companies: When are employers required to test employees and when are they allowed to?
The SARS-CoV-2 Occupational Health and Safety Regulation - Home office obligation light
Supervisory board elections in times of the coronavirus pandemic
The (temporary) future of labour courts – No revolution after all – an update
Increased short-time work compensation - A challenge in practice?
Employment-law aspects of restarting after lockdown – Part 1
Employment-law aspects of restarting after lockdown - Part 2
The (temporary) future of labour courts – Could Covid-19 drive the digitalisation of the labour court system?
Employer and works council in the coronavirus crisis: Lonely together? – Feasibility of implementing co-determined measures during the current pandemic
Covid-19 / financial support for employees in the event of school and nursery closures
Selected employment law Q&As - Country Report
The coronavirus infects the German labour market
The coronavirus reaches the German labour market

Insolvency Law/Moratoriums

Moratorium in lending law due to the Covid-19 pandemic – Outstanding legal issues and recommendations to lenders for practical implementation
Law to mitigate the consequences of the Covid-19 pandemic in civil, insolvency and criminal procedure law

Capital Markets/M&A

One year of M&A transactions and company purchase agreements during the Covid crisis - What we have learnt
Due diligence in M&A transactions in the Covid-19 pandemic
The new EU Recovery Prospectus - Raising equity capital simplified in times of crisis
Germany’s Investment Control Response to Covid-19 - Further tightening planned for the health sector
Public Takeovers during the Covid-19 Pandemic
In the wake of the Covid-19 pandemic: Germany considers prohibition to close transaction pursuant to foreign direct investment control regime
Restructuring corporate bonds during the crisis
European Commission calls for more protection of critical European assets from foreign investors following corona pandemic
Impact of the coronavirus pandemic on M&A transactions subject to merger control
Corona crisis as a legal challenge for the annual general meeting 2020/2021
Corona crisis on the capital markets – what you should check now
Transactions in times of corona: the return of the MAC?

Tax

Corona Tax Assistance Act passed by Bundesrat; governing coalition agrees on further tax measures in stimulus package
Effects of the coronavirus pandemic on commercial accounting
German fiscal authorities respond to corona pandemic by offering tax relief for affected companies

Supply Chain/Force Majeure

Hardship clauses in international contracts during the Covid-19 pandemic
Impossibility and force majeure – possible legal implications of the Coronavirus epidemic

Regulatory

“Wave-breaker” shutdown in effect - new legal basis planned
Corona pandemic: developments in German antitrust law
New intervention powers of public authorities for obtaining urgently needed medical products - application unclear
Relaxation of coronavirus restrictions – risk of a regulatory patchwork and unequal treatment
Public procurement in relation to the coronavirus pandemic
All EU competition authorities jointly address application of competition law during Corona pandemic
The European Commission shows regulatory flexibility due to Covid-19 – Medical devices and PPE can currently be marketed even without CE marking!
Restrictions on the export and movement of medical protective clothing due to coronavirus

Risk Management & Data Protection

Insurance coverage for cyber risks resulting from increased home-office activities due to the coronavirus
Event cancellation in connection with the coronavirus- The scope of event cancellation insurance coverage
Compensation for business closures unlikely as the law now stands - but not ruled out for hard-hit sectors
Effectively securing and enforcing claims in court despite the negative effects of the new coronavirus
The coronavirus and insurance cover for business interruption
Closure of business facilities by administrative order due to the coronavirus
Data protection and coronavirus prevention

Real Estate

Security for leases during the coronavirus pandemic - a lifeline for landlords?
Does the coronavirus pandemic threaten forward deals and forward leases?
Construction contracts and project development in the time of coronavirus
Changes in tenancy law as a result of the Covid-19 pandemic
Impact of the corona crisis on the obligation to pay rent

Financial Institutions

Coronavirus reaches the financial sector

CEE

Regional Updates

Selected healthcare measures
Impact of Covid-19 on SPAs
Selected employment matters II
Insolvency considerations, insolvency moratorium
How strong and reliable are lease agreements in the coronacrisis
Selected employment matters
Selected corporate matters
Financial state support in COVID-19 crisis
Moratorium on loans

Czech Republic

Bill to protect key companies from foreign direct investment
Coronavirus - Lease contracts
Update on employment government support measures 1 April
"COVID II" state aid programme provides state-secured loans
Coronavirus - Liquidity concerns
Coronavirus - Insolvency considerations
Changes for employers in the context of the coronavirus crisis
Business closure compensation
Press briefing on planned employment government support measures
Corporate matters in the context of the coronavirus crisis

Hungary

Hungary will close its borders from 1 September
Stricter rules on foreign investments in strategic sectors
State Aid for employment in reduced working time – Summary of the modified rules
Covid-19 Crisis Subsidy
Shareholders’ meeting and approving the annual report during State of Danger
Coronavirus - Insolvency considerations
Capital measures - managing capital shortfalls amid the coronavirus crisis
GDPR guideline in the context of the coronavirus crisis
Employer’s guide in the context of the coronavirus crisis
The legal consequences of the coronavirus for the performance of the contracts. “Force majeure”

Poland

New financial burdens for vaccine distributors
Simplified restructuring proceedings - how to survive epidemic
Virtual shareholders meetings
Participating electronically in shareholders’ meetings and general assemblies
Package for capital markets - implemented and proposed solutions (Covid-19)
Insolvency and restructuring proceedings - update on the legal status (Anti-crisis shield 2.0)
Insolvency and restructuring proceedings - legal status (standard provisions, related to Covid-19, and planned regulations)
Short guide on how to surive the pandemic - restructuring instead of bankruptcy
Restructuring instead of bankruptcy - a chance for companies to survive the Covid-19 pandemic
Anti-crisis shield (Covid-19) - legal solutions for the real estate industry
Anti-crisis shield (Covid-19) - general overview
Covid-19 and its impact on the justice system
Capital measures - managing capital shortfalls amid the coronavirus crisis
The Covid-19 pandemic and lease agreements
Covid-19 - Impact on obligations under financial instruments
Disruption of services and supply chains
How the Covid-19 pandemic may affect borrowers
Coronavirus - Information for employers

Romania

Measures to stimulate employment growth in the context of Covid-19
The latest legal relief regarding deferral of rental payments
Work during the state of alert
Measures in the field of insolvency against the background of the state of alert
Romanian government introduces new tax allowance
Failure to comply with measures ordered in the context of the state of alert
New tax facilities adopted by the Romanian Government
Measures and obligations during the state of alert at national level
Temporary rules on holding general meetings under social distancing requirements
New tax amnesty announced by government
New regulations on deferral of rental payments during the state of emergency
Additional tax measures adopted in the context of Covid-19
Update on importance of obtaining an electronic signature during the state of emergency
To pay or not to pay? Rent in the light of the Covid-19 pandemic under Romanian law
Moratorium on loans
New tax measures in response to COVID-19
New set of measures to fight the spread of the COVID-19 pandemic
Recent statement from the Romanian Competition Council
Draft law on a loan moratorium
Importance of obtaining an electronic signature during the state of emergency
Updates on paid leave for parents
Update on tax measures in response to COVID-19
Government subsidies for employers
Limitation and prescription periods in the context of the state of emergency
Possible amendment of the Romanian Criminal Code due to the pandemic situation created by the new Coronavirus
Deadline for filing an ultimate beneficial owner statement for 2020
Emergency measures during the COVID-19 pandemic - Requisition of movable and immovable property
New employment law – nanny allowance
New employment law – paid leave for parents in emergencies
Legal implications of “force majeure” and “hardship” as regards COVID-19
Antitrust law in challenging times
GDPR in the context of the coronavirus crisis
Employment measures during extreme conditions
Measures ordered in connection with the new coronavirus. Criminal implications for companies
Criminal implications of measures ordered to prevent infection with the new coronavirus

Russia

Russian stimulus package for system-forming organizations
Compliance in Russia: Seven lessons from recent anti-bribery enforcement
Russian Trademark Office remains operational, but certain deadlines will be extended
Russian Supreme Court clarifications on COVID-19
Coronavirus crisis in Russia: Charitable contributions and compliance risks
Noerr Corona Crisis Center: Executive Summary for Russia 17 April 2020
Russia: COVID-19 digital passes for Moscow and Moscow Region
The Russian government introduces a moratorium on bankruptcy
Compliance in Russia: Recommendations during the coronavirus crisis
Leases in Russia: How Corona Crisis Gives Tenants Options to Improve their Leases
Russia: Corona Crisis – Legal Issues
Russia – Competition Authority in Corona Mode
Russia: prolongation of non-working period due to COVID-19
Russia: Covid-19 - temporary restrictions on communication with the Russian Trademark Office
Russia: COVID-19 and corporate housekeeping - Update
Russia: Annual shareholders’ meeting and COVID-19 impact
Privacy aspects of Covid-19 in Russia
Russia: legal requirements for home office work
COVID-19: Q&A on Russian employment law issues
Russian tax support measures due to СOVID-19

Slovakia

Consecutive Fixed-Term Employment Contracts and “Pandemic” Childcare Allowances
Covid-19 – Employment aid project
Measures to avert insolvency and ban on termination of certain contracts
Insolvency law (Covid-19) - selected issues
Financial help for businesses and self-employed
Update on adopted legislative measures
Selected adopted legislative measures II
Legal implications on the real estate sector
Selected legislative measures II
Selected corporate matters II
Healthcare regulations as response to COVID-19 pandemic
GDPR in the context of the coronavirus crisis
Corporate overview
Employment law measures proposed by the Slovak government in response to coronavirus
COVID-19 pandemic and its legal implications on commercial relationships

International

Worldwide

Covid-19 Impact on antitrust and enforcement - Covid-19 Global Competition Measures Report (PDF)
Corona challenges for multinationals: Worldwide overview on governmental support measures (PDF)
Corona challenges and support measures in selected European jurisdictions (PDF)

U.S.

Current developments in the U.S. - the economic impact of the Covid-19 pandemic

United Kingdom

Current developments in the UK – the economic impact of the Covid-19 pandemic

Legislative developments

Selected laws

Act on mitigating the consequences of the COVID-19-pandemic in civil, insolvency and criminal procedure law (German/English)
Act on the Establishment of an Economic Stabilisation Fund (Economic Stabilisation Fund Act – “ESFA”) (German only)

Selected official guidance

Tax measures in consideration of the effect of coronavirus (German only)
Identical decrees by the federal states on trade tax measures of the effects of coronavirus (German only)