COVID-19 Updates

03 April 2020

Coronavirus (COVID-19): EBA Guidelines on Legislative and Non-legislative Moratoria on Loan Payments Applied in the Light of the COVID-19 Crisis

In order to minimise the negative effects on some categories of debtors in loan contracts, states such as, among others, Spain, France, Italy and Portugal have implemented legislative measures aimed at supporting the liquidity of undertakings and moratoria (payment deferrals) of payments under loans granted by banks or other financial institutions.

31 March 2020

Two key-messages, as directions for action to mitigate the impact of COVID-19 on the insurance sector: business continuity and solvency

The European Insurance and Occupational Pensions Authority (EIOPA) warned, not long ago, that insurers would soon confront with a serious of progressively difficult conditions, both as regards the difficult market context, and the maintaining of operations, while taking measures to protect employees and clients.

23 March 2020

Coronavirus (COVID-19): Provisions regarding the Means of Transmission of Companies’ Deeds for Publication in the Official Gazette in Exceptional Situations

Pursuant to art. 8 of Law no. 202/1998 on the organization of the Official Gazette of Romania, any legal deeds referring to economic agents and to other categories of legal persons, and, consequently, also the deeds of companies functioning under the Companies Law no. 31/1999 shall be published in the Official Gazette of Romania, Part IV.