The second amendment allows EU Member States to provide State aid in the form of recapitalisations and subordinated debt to companies affected by COVID-19.
On 8 May 2020, the European Commission (Commission) adopted a second amendment to the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (Temporary Framework) in order to allow EU Member States to provide recapitalisations and subordinated debt to companies in need. The amendment takes immediate effect, and also introduces additional clarifications and clerical corrections to existing provisions, in light of the Commission’s experience in applying them.
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