March 20, 2020

Spanish Government Approves Urgent and Extraordinary Measures to Mitigate the Impact of COVID-19

Fernando Colomina, María José Descalzo, Óscar Franco, Ignacio Gómez-Sancha, José María Jiménez-Laiglesia, Rafael Molina, Ignacio Pallarés , Naiara Rodríguez-Escudero, Jose Antonio Sánchez Dafos

Latham & Watkins LLP

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The Royal Decree-Law contains measures touching on labor, tax, insolvency, corporate, and finance matters, among others.

Following the approval by the Spanish Government of the state of alarm last 14 March to manage the health crisis caused by COVID-19 (please see Client Alert “Spain Imposes Royal Decree 463/2020 to Manage COVID-19 Health Crisis”), the Council of Ministers has approved on 17 March Royal Decree-Law 8/2020 (Royal Decree-Law), which sets forth a number of urgent and extraordinary measures which aim to mitigate the economic and social impact of COVID-19 in Spain.

Please see full publication below for more information.

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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.