Mercantil
COVID-19: What should companies be aware of in the next few days?
The global health alert triggered by the spread of the new coronavirus known as SARS-CoV-2, which causes the disease COVID-19, is creating great challenges for companies. Governments around the world are tackling the situation by approving drastic measures to try to mitigate the effects of the health crisis first and the economic crisis second. In this context, at Garrigues we have put together – from the standpoint of all of the practice areas of business law – an overview of the key issues that companies in Spain should take into account in the coming days and weeks.Spain: Royal Decree-Law 8/2020 of March 17, 2020 launches urgent and extraordinary measures to confront the economic and social impact of COVID-19
The March 18, 2020 edition of the Official State Gazette has published Royal Decree-Law 8/2020 of March 17, 2020 on urgent and extraordinary measures to confront the economic and social impact of COVID-19. The decree-law comes into force on its publication date, for a one-month term, and allows this term to be extended.COVID-19: key issues to be considered for companies in Portugal
We are currently undergoing a public health crisis, caused by the new coronavirus («COVID-19»), the impact of which on the business sector could have significant legal consequences, from a contractual, dispute resolution, labor, regulatory and even criminal perspective. This broad range of potential incidents should warrant special attention and be handled from a multidisciplinary legal point of view.Coronavirus: companies must look out for insurance policies, contracts, employment relations and possible lawsuits
The impact of the health crisis on the business world may have consequences from a contractual, litigation, employment, regulatory and even criminal perspective. The broad range of cases must be addressed individually from a multidisciplinary legal perspective.CNMV renders 2013 criteria on discretionary treasury stock transactions ineffective
The Spanish National Securities Market Commission (CNMV) informed on January 13, 2020 of its decision to render ineffective the criteria addressed to issuers of securities for their discretionary treasury stock transactions, published in 2013. These criteria consisted of a number of recommendations on trading conditions and transparency when carrying out discretionary treasury stock transactions (not performed within buy-back programs or under liquidity contracts).The new Guidelines on Cookies of the Spanish Data Protection Agency forces the review of all cookie policies of commercial websites
The Spanish Data Protection Agency (AEPD), in cooperation with the entities Adigital, Autocontrol, IAB Spain and the AEA, has published the awaited 'Guidelines on the use of cookies' which is intended to clarify the main obligations that the editors of websites should take into consideration.EURIBOR: the worst has been avoided, though much remains to be done
Two crucial steps for orderly implementation of a new EURIBOR benchmark compliant with the European Benchmarks Regulation (BMR) have just taken place. One is the authorization of EURIBOR administrator EMMI, and the other, the recent publication of the official statement describing the methodology and other technical specifications for the benchmark. These milestones are very important, but there continue to be legal risks and everyone would be well advised to pay more attention than ever before to how things unfold in the coming months.Libra: the legal and regulatory aspects will be decisive for the new currency
The Libra Association, founded by Facebook and 27 other organizations, intends to promote the construction of a global financial infrastructure and issue from it a new cryptocurrency called Libra, enabling operators to carry out payment transactions and other financial solutions for consumers and businesses throughout the world.