Finacining in times of COVID-19 From Monday 6 April 2020, businesses can access the new financing facility guaranteed by the ICO (Instituto de Crédito Oficial). This measure activates the first 20-billion-euro tranche of the 100-billion-euro “Guarantee Line”, which the government has approved to deal with the lack of liquidity caused by COVID-19.   How…

  March 18 saw the publication in the Official State Gazette of Royal Decree-law 8/2020, of March 17, on urgent measures to tackle the economic and social effects of COVID-19, which is effective from the date of publication. We summarise the most relevant Commercial measures affecting legal entities governed by private law of this Royal…

    At the end of 2018, Law 11/2018 of 28 December, transposing the Directive on the disclosure of non-financial information and diversity by certain large companies and groups, entered into force. This law obliges the directors of such business entities to prepare a non-financial information statement (NFIS), which will be a document attached to…