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European Commission Press release Brussels, 28 Jan 2021 The European Commission has issued a €14 billion social bond under the EU SURE instrument to help protect jobs and people in work. The issuing consisted of two bonds, with €10 billion due for repayment in June 2028 and €4 billion due for repayment in November 2050. European Commission Press release Brussels, 27 Jan 2021 Today, the Commission has appointed three new Heads of the Representations. Ms María De Los Angeles Benítez Salas will take up her duties in Madrid on 1 April 2021. On 16 April 2021, Ms Zane Petre and Ms Jerneja J...

The European Commission has decided to prolong until 31 December 2021 the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. The Commission has also decided to expand the scope of the Temporary Framework by increasing the ceilings set out in it and by allowing the conversion of certain repayable instruments into direct grants until the end of next year. Prolongation of the Temporary Framework.     The Commission is continuously examining the need to further adapt the Temporary Framework. The Temporary Framework...

Friday, January 29, 2021 On January 28 2021, the European Commission (Commission) amended its COVID-19 Temporary State aid Framework (Temporary Framework) for the fifth time. The Commission adopted the Temporary Framework at the beginning of the COVID-19 crisis (March 19 2020) to support the economy and help Member States set up various aid measures. Since the adoption of the Temporary Framework, the Commission has approved hundreds of national COVID-19 support measures. Given that the COVID-19 crisis continues to affect the European economy, the European Commission adopted a fifth ...

[co-author: Federica Lombardo] We describe below the legal impact on Italian loan transactions of the current health emergency caused by COVID-19 in light of the latest legislative measures, including a suspension of interest and principal payments on loans to SMEs, the rescheduling of repayment plans, and a State guarantee for loans to larger corporates. SMEs also benefit from a mandatory hold of credit facilities, and there is a general suspension of insolvency proceedings, mandatory recapitalisations and subordination of shareholder loans. In accordance with the EU Commission's Temporary F...

Vandaag heeft de Europese Commissie de lidstaten een conceptvoorstel ter raadpleging toegezonden om het tijdelijke steunkader, dat oorspronkelijk op 19 …