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Extraordinary measures in the field of Company Law in response to the COVID-19 crisis – Seminario BMKE por Lena Heß

Evento: Extraordinary measures in the field of Company Law in response to the COVID-19 crisis – Seminario BMKE por Lena Heß

Fecha : 28.08.2020

Lugar : Bufete Maña-Krier-Elvira, Barcelona, España

 

On the 17th of March the Royal Legislative Decree 8/2020 on Urgent Extraordinary Measures to Address the Economic and Social Impact of COVID-19 including the following measures was issued:

  • the possibility of holding general meetings by means of telematic media
  • the extension of the deadline for the preparation of the financial statements by the management bodies of limited companies
  • and a series of measures to restrict foreign (non-EU) investment in Spain.

Finally, the Royal Legislative Decree 8/2020 introduced two exceptional company law measures of rather minor importance:

  • During the state of alarm, the shareholders of corporations cannot exercise their right to resign.
  • If the statutory duration of the Company ends during the state of alarm, the Company shall be dissolved only two months after the end of the state of alarm.

 

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