Regulatory Alerts2020-05-27
Royal Decree-Law 19/2020 of 26 May adopting complementary measures in agricultural, scientific, economic, employment, social security and tax matters to mitigate the effects of COVID-19
The Spanish State adopted Royal Decree-Law 19/2020 to extend agricultural labor flexibility measures until September 30, 2020, and authorize a consortium for the IFMIF-DONES fusion research facility in Granada. The decree reinstates telecom number portability while mandating debt installment plans for unpaid bills, suspends reserve fund requirements for banking foundations, and authorizes Spain's guarantees for the EU's SURE employment support instrument. Additionally, it establishes a special framework for voluntary moratorium agreements between lenders and borrowers to broaden debt relief beyond existing legal limits for vulnerable individuals.
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