Spain Approves Additional Measures to Mitigate the Social and Financial Impact of COVID-19

The new Royal Decree-Law contains measures affecting real estate, finance, and corporate matters as well as the right of consumers to terminate certain agreements.

On 1 April, the Spanish Government’s Council of Ministers approved Royal Decree-Law 11/2020, setting forth additional measures to mitigate the social and financial impact of COVID-19 (RDL 11/2020). This follows (i) the government’s approval of a State of Alarm on 14 March to manage the public health crisis, and (ii) the approval of Royal Decree-Law 8/2020 on 17 March, which set forth a number of urgent and extraordinary measures (RDL 8/2020) (please see Client Alert Spanish Government Approves Urgent and Extraordinary Measures to Mitigate the Impact of COVID-17).

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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