News & Analysis as of

Insolvency State Aid

Hogan Lovells

EU Commission adopts Temporary Framework for State aid to support the economy in the current COVID-19 outbreak and approves...

Hogan Lovells on

The COVID-19 pandemic has hit the European economy with brute force. Many businesses are facing drastic declines in revenues and are in urgent need of liquidity. Some have imposed temporary lay-offs or even face insolvency. ...more

Latham & Watkins LLP

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

Latham & Watkins LLP on

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...more

Hogan Lovells

Extraordinary profits created under restructurings according to German law – to be exempt or not to be exempt, that is the...

Hogan Lovells on

Recently the German legislature passed a new law, exempting extraordinary profits created by the waiver of claims under restructurings from income tax liability. ...more

Jones Day

ECJ: Clarification on Withdrawing State Aid from Companies Deemed "Undertaking in Difficulty"

Jones Day on

The notion of "undertaking in difficulty" is a key element in State aid law because undertakings in difficulty can receive State aid only under the restrictive conditions for so-called rescue and restructuring aid. Any other...more

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