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Navigating through Covid-19

The Spanish legal Hub

Navigating through Covid-19: The Spanish legal hub

The rapid spread of coronavirus disease (Covid-19) is a public health challenge that has affected the entire globe. It has required governments, and particularly healthcare systems, to respond swiftly and in a coordinated way to ensure that they are properly mitigating and responding to the evolving situation to ensure the wellbeing of their citizens.

Our clients are assessing (as we are ourselves), on a continuous basis, how to address the threat posed by Covid-19 to their workforce, customers, suppliers and wider stakeholders. Financial markets are experiencing considerable turbulence. The situation has the potential to generate both a supply-side and a demand-side shock.

This page features a collection of our insights on some of the key issues affecting businesses in Spain, split in different areas, to guide our clients in navigating across the uncertainties of the current situation. We hope you find it useful. 

As it is an evolving situation, we will be updating each section regularly.

A Spanish guide to significant commercial and legal issues

Scroll to explore the different chapters

Government Support Measures

One of the Government's priorities in economic matters has been to protect and support businesses in order to minimise the impact of the crisis and to be able to recover activity as soon as possible once the crisis is over. We highlight below the main measures taken to date.

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Workforce wellbeing and other considerations

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Managing commercial relationships

The general halt in the economy and the uncertainty as regards how long the Covid-19 crisis will last are causing economic actors major concerns about their contracts and obligations.

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Reporting, meetings and transactional issues

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Capital Markets

This section provides an overview of the measures taken by the Spanish securities and market regulator (CNMV); and the Decision by ESMA to require investors to report net short positions when they reach or exceed 0.1% of the capital.
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Financing issues

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Suspension of deadlines and insolvency

Like in many other countries, some deadlines have been temporarily suspended (including the duty to file for insolvency).
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Other measures approved

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Crisis management

Each organisation should have in place a crisis management policy to ensure that key employees and management are familiar with its operation.

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Operational Resilience

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Keeping you up to date

Please find below an overview of our recent Covid-19 publications

x Covid-19 Resource Hub