Wolf Theiss

COVID-19 legal update - loan moratorium for debtors (legal persons)

On 7 April 2020, the Czech Chamber of Deputies approved a draft law on certain measures related to loan repayments and interest payments in connection with the Covid-19 epidemic (the "Loan Moratorium Act") which aims to provide for a "loan moratorium".

The draft law is currently awaiting approval by the Senate (which is the upper chamber of Czech Parliament) and will most likely be discussed in the Senate on 9 April 2020. It is expected that it will come into force shortly after this date, if it is passed by the Senate and published in the official collection of laws.

In the file below we briefly summarize major changes related to debtors - legal persons - introduced by the newly proposed act (the scope of the summary does not include the regulatory effects of the draft law).

 

For further information please contact

Robert David
Robert
David
Partner
Czech Republic
Filip Michalec
Filip
Michalec
Senior Associate
Tereza Mrázková
Tereza
Mrázková
Associate
Czech Republic

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