Covid – 19 update Listed companies & Emergency Act Virtual GM

Allen & Overy LLP
Contact

Following an accelerated legislative procedure, the Temporary Act COVID-19 came into force in April 2020. The Act has retroactive effect until and including 16 March 2020. This "Emergency Act" provides, among other things, for special arrangements for general meeting of shareholders (GM) of companies. The Emergency Act would make it, originally at least until 1 September 2020, possible for GMs to be held completely virtually. Now, it is clear that Emergency Act will remain in force at least until 1 February 2021. By providing more detailed rules on the convocation and by clarifying that certain sanctions that may affect the decision-making process cannot be invoked, the Emergency Act aims to provide the company and shareholders with legal certainty regarding decision-making.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

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.

© Allen & Overy LLP | Attorney Advertising

Written by:

Allen & Overy LLP
Contact
more
less

Allen & Overy LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide