The Czech Government has enacted a number of measures in order to provide businesses affected by the novel coronavirus (“COVID-19”) pandemic with a package of emergency economic relief and financial assistance. The measures...more
5/28/2020
/ Bank Guarantees ,
Banks ,
Borrowers ,
Coronavirus/COVID-19 ,
Czech Republic ,
Deferred Action ,
Economic Stimulus ,
Exports ,
Financial Assistance Policies ,
Government-Guaranteed Loans ,
Insolvency ,
Installment Agreements ,
Lenders ,
Midsize and Large Business Loans ,
Moratorium ,
Public Health Emergency ,
Relief Measures ,
Tax Deferral ,
Temporary Regulations
Analysts expect that GDP will plummet as a consequence of the restrictions on economic activities imposed as a consequence of the COVID-19 pandemic, and that the global economy, and with it the Czech economy, will slow down...more
4/4/2020
/ Commercial Leases ,
Coronavirus/COVID-19 ,
Czech Republic ,
Deferred Action ,
Eviction ,
Federal Loans ,
Financial Assistance Policies ,
Financial Crisis ,
Foreclosure ,
Insolvency ,
Installment Agreements ,
Liquidity ,
Moratorium ,
Risk Mitigation
The goal of the Prague COVID-19 Task Force is to regularly update our clients on actual and prospective developments in their markets consequent on the pandemic, primarily from a Czech perspective but also across the region. ...more
4/3/2020
/ Banks ,
Breach of Contract ,
Business Closures ,
Commercial Leases ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Czech Republic ,
Force Majeure Clause ,
Impossibility ,
Insolvency ,
Landlords ,
Relief Measures ,
Small Business ,
State of Emergency ,
Unemployment
At a time of vast capital outflows (withdrawals from emerging markets in the period 21 January – 24 March were reported by the Institute of International Finance at $83 billion), commodity price falls and wider global market...more