Regulatory Alerts2020-11-18
Royal Decree-Law 34/2020 of 17 November on urgent measures to support corporate solvency and the energy sector, and on tax matters
The Spanish State issued Royal Decree-Law 34/2020 to extend public guarantee deadlines for business liquidity support until June 30, 2021, and to allow loan maturity extensions up to three additional years to prevent insolvency. The decree also prolongs procedural safeguards against creditor lawsuits and insolvency declarations until March 31, 2021, while extending temporary measures for corporate governance and foreign investment screening. Additionally, it implements EU energy directives regarding gas infrastructure ownership separation and extends the deadline for exchanging peseta currency into euros until June 30, 2021.
Share