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).
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