COVID-19 in Germany: Immediate Measures to Gain State Aid Financing (KfW Credit et al)

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The German government announced that it will expand the KfW financing programme.

Due to the already existing and upcoming multiple business challenges caused by COVID-19, there will be a strong demand for additional financing throughout the German and European economy. The German government announced on 13 March 2020 that “unlimited funds” will be provided and “all weapons” will be put on the table to support and stabilise the economy. A key measure of the announced government programme is an expansion of the already existing KfW financing programme. However, there are still substantial challenges to obtain respective state aid financing.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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