COVID-19 and the anti-crisis shield 4.0. - SUMMARY OF THE FINAL VERSION
We regularly inform you about successive governmental bills referred to as “anti-crisis shields”. On 31st March this year the anti-crisis shield 1.0. was adopted and entered into force on the very same day.
On 18th April the anti-crisis shield 2.0. entered into force. On 28-29 April 2020, further draft laws were published, including a draft law on interest subsidies on bank loans granted to provide liquidity to entrepreneurs affected by COVID-19 (draft law on subsidies). The act, called the anti-crisis shield 3.0., finally entered into force on 16th May 2020. In the meantime the government's work on the draft law on interest rate subsidies for bank loans granted to provide financial liquidity to entrepreneurs affected by COVID-19 and on the simplified procedure for the approval of the arrangement in connection with COVID-19 was also completed. The law was finally passed on 19th June 2020 and entered into force 24th June 2020.
HERE you will find a summary of the solutions contained in the already binding law, so called anti-crisis shields 1.0., 2.0. and 3.0., divided into specific relevant topics. We have marked these solutions in black. The amendments and supplements introduced under the law on subsidies, now called anti-crisis shield 4.0, have been marked in red.
Team of SDZLEGAL Schindhelm