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RUSSIA: COVID19: CONSEQUENCES OF NEW RUSSIA MEASURES FOR BUSINESSES – 2ND EDITION

We expect further clarifications on the aforementioned measures from Russian authorities. We are actively following the development of the issues related to the COVID-19 crisis and are fully prepared to advise our clients, particularly on post-pandemic employment compliance, including the review of employment measures implemented in connection with COVID-19 crisis and, if required, the elaboration […]

Desk Russia, Central Asia and Caucasus

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French State guarantee scheme to secure loans: clarifications and first feedback

(Update pursuant to publication of French Ministry of Economy Q&As dated 31 March 2020 and 2 April 2020, of arrêté modificatif dated 1 April 2020, Q&A date 22 April 2020 and second Amendment to the French budget law dated 25 April 2020) The French State guarantee of 300 billion euros scheme to secure loans granted […]

Paris

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Flash re. Executive Order dated April 15th, 2020 and the Decrees dated April 16th,2020

The Government has resized the partial activity system and opened it to new categories of employees. As implied by the Executive Order dated March 27th, 2020, which refers to “employees who are not subject to legal or conventional provisions relating to working time”, senior executive employees (cadres dirigeants) are now officially covered by the partial […]

Paris

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Details on deadlines in terms of urban planning and the environment – ordinance n°2020-427 of 15 April 2020 on various provisions in terms of deadlines to deal with the Covid -19 epidemic

A new ordinance n°2020-427 of 15 April 2020 on various provisions regarding deadlines for dealing with the covid-19 epidemic (the “Deadlines Ordinance of 15 April 2020”), presented to the Council of Ministers on 15 April, was published in the Official Journal on 16 April 2020, as it was eagerly awaited by real estate and construction […]

Paris

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Public Procurement Code, public procurement contracts and other public contracts during the period of Covid-19, what is the situation?

The current health emergency has called for the introduction of derogating and temporary rules on public procurement, both in the field of awarding and executing public contracts, given the current difficulties of enterprises and other economic operators to carry out their services and contracts normally in a period of containment. In public procurement law, Ordinance […]

Paris

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INSOLVENCY DURING COVID-19 PERIOD

The French Parliament has by virtue of an emergency law dated 23 March 2020 empowered the French Government to take all necessary measures in order to cope with the economic, financial and social consequences of Covid-19 spread. The Government enacted a first batch of 25 ordinances, two of which directly impact the French legal insolvency […]

Paris

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The European Union put to the test by COVID-19 – The issue of State aid remains topical

Aware of the political and economic challenges facing by the European Union, the European Commission has decided to act swiftly as part of its task of monitoring state aids under Articles 107 et seq. of the Treaty on the Functioning of the European Union, which require Member States to notify, prior to their implementation, measures […]

Paris

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Covid19 Crisis – Towards eased distant execution of documents in financing transactions under French law

Covid19 related lock down measures implemented in France since mid-March make it quite difficult if not impossible to hold physical meetings for signing financing transactions under French law / involving French parties. For notarised deeds, the emergency measures enacted by a decree dated 3 April 2020 have suspended the requirement of physical presence during and […]

Paris

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Impact of the COVID-19 outbreak on real estate sales

This newsletter explains the consequences of the texts adopted by the government on the withdrawal period granted to the non-professional buyer (i), the fulfilment of the conditions precedent provided for in the sale commitment (ii) and the notarial deed of sale (iii).  

Paris

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