Covid-19 coronavirus: additional amendments to the rules for drawing-up and approval of annual accounts and holding of general shareholders' meetings
08 April 2020
The must-have Q&A for companies. Last 31 March, the Spanish Council of Ministers approved Royal Decree law 11/2020, dated 31 March (RDL 11/2020), adopting additional urgent measures in the social and economic fields to fight the Covid-19 crisis.
This RDL 11/2020 is the third set of economic measures passed by the Spanish Government over the last weeks in relation to Covid-19 since the entry into force of Royal Decree 463/2020, of 14 March, pursuant to which the state of alarm in Spain was declared, and of Royal Decree-Law 8/2020 on extraordinary urgent measures to address the economic and social impact of Covid-19 (RDL 8/2020). Within all the measures set out in this new RDL 11/2020, there are some of a corporate kind that complement, clarify and, in some cases, amend, the corporate flexibility measures applicable to private companies and issuers of securities that were introduced by RDL 8/2020.