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European Guide to Support Businesses | COVID-19 Impact | Debt Restructuring and Insolvency

Andersen, through the member and collaborating firms of Andersen Global and its European Service Line Restructuring and Insolvency, has prepared this guide to provide an insight into legal solutions adopted by selected European states in a response to the COVID-19 pandemic in the context of insolvency and restructuring procedures.

GUIDE - Andersen Global 2020 / 08 / 19

Act on public aid for rescuing or restructuring enterprises comes into effect on 11 August 2020.

The Act of 16 July 2020 on public aid for rescuing or restructuring enterprises was published (Journal of Laws, item 1298, of 27 July 2020) (hereinafter: “the Act”). The Act sets forth the conditions, procedures and forms of public aid granted to entrepreneurs with the aim of rescuing them, providing them with temporary restructuring support, […]

LEGAL ALERT 2020 / 07 / 29

Simplified restructuring procedure – help for entrepreneurs at the time of crisis caused by COVID-19?

Under the Act of 19 June 2020 on subsidies to interest rates on bank loans granted to entrepreneurs affected by the consequences of COVID-19 and on simplified procedure for the approval of arrangement in connection with the occurrence of COVID-19 (“Act”), commonly known as “Shield 4.0,” the legislator introduced a simplified restructuring procedure applicable as of 24 June 2020 (“SRP”).

LEGAL ALERT 2020 / 07 / 24

Schrems II – effects of the judgment issued by CJEU (changed rules of personal data transfer to the US)

Last week, the Court of Justice of the European Union (the “CJEU”) invalidated the so called “Privacy Shield” being the legal basis for data transfer from the EU Member States to the US.  Consequently, each entity which transfer personal data to the US (e.g. via tools used by its American counterparties) is obliged to search for another legal basis for this operation, based on the GDPR. The basis may take the form of Standard Contractual Clauses, i.e. an agreement to be concluded with the data importer in the US.

LEGAL ALERT 2020 / 07 / 20

SHIELD 4.0 – legal changes (restructuring, support of investment projects, compliance, criminal law)

After its promulgation on 23 June 2020 in the Journal of Laws (item 1086), the Act on subsidies to interest on bank loans provided to COVID-19-affected entrepreneurs and on simplified procedure for approval of a composition in connection with COVID-19, commonly referred to as “Shield 4.0”, entered into force (hereinafter “the Act”).

LEGAL ALERT 2020 / 06 / 24

Shield 4.0 – planned changes for employers

On 4 June 2020, the Sejm enacted another of the series of anti-crisis acts – the act on subsidies to interest on bank loans provided to COVID-19-affected entrepreneurs to maintain financial liquidity, and amending some other acts.  The Act was submitted to the Senate.  Presented below is the summary of the most important solutions addressed to employers.

LEGAL ALERT 2020 / 06 / 24

European Guide to support Employers | Covid-19 Impact

In cooperation with the Andersen Europe Employment & Labor Law Service Line, we have prepared for you another summary of the support packages offered by European countries for employers.

GUIDE - Andersen Global 2020 / 06 / 17

Shield 3.0 comes into force subject to minor modifications made by the Senate

The Act of 14 May 2020 amending certain acts on protective measures related to the spread of SARS-CoV-2 (the Anti-Crisis Shield 3.0) was promulgated in the Journal of Laws of 15 May 2020.

LEGAL ALERT 2020 / 05 / 18

Anti-Crisis Shield 3.0 – the Sejm has passed another amendment to the anti-crisis regulations

On 30 April 2020, the Sejm accepted a bill amending certain acts on protective measures related to the spread of SARS-CoV-2 prepared by the Government. Changes are made to the so-called “Anti-Crisis Shield” (Shield 3.0). As the Senate sitting is planned for 5-6 May, the new batch of anti-crisis regulations may take effect at the […]

LEGAL ALERT 2020 / 05 / 04

COVID-19: Key EMPLOYMENT LAW support policies in Europe

In the difficult times for business solidarity and team work are one of the fundations of crisis management.  Based on this values, in cooperation in with European Andersen offices we have prepared legal insight crucial for employers in most of European countries. We are pleased to present you Andersen Europe Service Line brochure regarding employment […]

2020 / 04 / 10

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