Code of Good Practices for debt renegotiation with public guarantee (aval público)

On 13 March 2021, Royal Decree-Law 5/2021, of 12 March, on extraordinary measures to support business solvency to tackle COVID-19 pandemic (the “RDL 5/2021”), was published in the Spanish Official Gazette (Boletín Oficial del Estado). Measures to support business solvency approved during the last year and, in particular, those envisaged in RDL 5/2021 for an […]

New measures to support business solvency: key aspects of RD 5/2021

Following the declaration by the Spanish Government of the state of alarm on 14 March 2020, a series of economic and social measures were adopted to tackle the health crisis resulting from the COVID-19 pandemic, through the adoption of several Royal Decree-Laws. Some of these are listed below: (i) Royal Decree-Law 8/2020, of 17 March, […]

Measures to support solvency introduced by Royal Decree Law 34/2020

Following the declaration of the state of alarm on 14 March 2020, a series of economic and social measures were adopted to tackle the health crisis resulting from the COVID through the adoption of various royal decrees-laws. In this context, the approval of, among others, took place: Royal Decree-Law 8/2020 of 17 March on urgent […]

Modifications in bankruptcy regulations introduced by Law 3/2020

Following the declaration of the state of alarm on 14 March 2020, a series of economic and social measures were adopted to tackle the health crisis resulting from the COVID through the adoption of various royal decrees-laws, which reached several areas, including bankruptcy. In this context, Royal Decree Law 16/2020, of 28 April, on procedural […]

Coexistence of the measures concerning bankruptcy derived from the health crisis of the COVID-19 and the Restated Bankruptcy Law

Since the declaration of the state of alarm on 14 March, a series of economic and social measures have been adopted to tackle the health crisis resulting from the COVID-19, which reach several areas, including bankruptcy. In addition, the government have finally completed the task pending since 2015 of producing the restatement of Insolvency Law […]

Measures relating to COVID-19: update with the latest regulation

On 30 January 2020 the World Health Organization (WHO) declared that COVID-19 involved a public health emergency of international importance. As a result of this crisis being increased, Spain, among other states, has taken certain measures restricting the freedom of movement of their citizens, limiting or restricting the entry of travellers from countries with outbreaks […]

Main social measures in defense of employment introduced by RDL 18/2020, of May 12

On 13 May, Royal Decree-Law 18/2020, of 12 May, on social measures to protect employment (“RDL 18/2020”) entered into force. Below is a summary of the main measures implemented by RDL 18/2020: 1. Specific measures in the field of temporary layoffs (expediente de regulación temporal de empleo or “ERTEs”) due to force majeure: The duration […]

OECD Secretariat Analysis of Tax Treaties and the Impact of the COVID-19 Crisis

The Secretariat of the Organization for Economic Co-operation and Development (“OECD”) has issued on April 3, 2020, a document named “Analysis of Tax Treaties and the Impact of COVID-19”, covering four major concerns, detailed in the paragraphs below, on the impact of COVID-19 on the application of Double Tax Treaties. Concerns related to the creation of […]

COVID-19: Additional measures and modifications to RDL 8/2020

1. Introduction On 30 January 2020 the World Health Organization (WHO) declared that COVID-19 involved a public health emergency of international importance. As a result of this crisis being increased, Spain, among other states, has taken certain measures restricting the freedom of movement of their citizens, limiting or restricting the entry of travellers from countries […]

Recoverable paid leave for employees providing non-essential services

As part of the state of alarm decreed by the Spanish government on 14 March  2020 for managing the public health crisis caused by COVID-19, the government has decided to further reduce the mobility of the population by approving Royal Decree Law 10/2020 of March 29, which regulates recoverable paid leave for employees providing non-essential […]

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