COVID-19 Support

De Brauw publications

Read our insights on how your company can mitigate risks relating the coronavirus:

July 7, 2020

Helping employers through the coronavirus crisis: the NOW framework at second glance

On 31 March 2020, the Dutch Minister of Social Affairs and Employment published the conditions for the NOW framework. The aim of NOW 1.0 was to support employers, big and small, whose revenues had been reduced by at least 20% as a result of the coronavirus outbreak. Many employers were eligible to receive up to 90% of capped salary costs in the form of subsidies during a three-month period. On 20 May 2020, the Dutch government announced that NOW will be extended for another four-month period. Employers can apply for a NOW 2.0 subsidy from 6 July 2020 to 31 August 2020.

 

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June 15, 2020

Netherlands introduces retroactive screening of investments in vital sectors

The Dutch government has taken the extraordinary step of announcing that any investment in vital sectors affecting national security will be subject to a screening mechanism that is yet to be introduced, but will apply as of 2 June 2020.

 

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June 15, 2020

Emergency funding: overcoming shareholder resistance

With Covid-19 greatly impacting many companies in the Netherlands, what to do when an equity raise is needed and the general meeting is deadlocked? Shareholders are generally free to vote against a share issue, but under certain circumstances, there are ways around this.

 

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May 29, 2020

Banking regulation during the COVID-19 crisis

Lawmakers and supervisors have taken unprecedented action to ensure that banks can play their crucial role in helping the real economy absorb the impact of COVID-19.  But regulators have been keen to stress that prudential flexibility does not imply a similar relaxation of conduct and integrity rules. And although recent measures to increase liquidity and stimulate lending may help banks manage immediate demands of the real economy, they must be mindful of medium and long-term implications.

 

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May 19, 2020

Pension contributions during the crisis: postponing payment and key points for employers

Many companies are greatly affected by the coronavirus crisis. To safeguard business continuity, it could be helpful to know – also in light of NOW – whether payment of pension contributions can be postponed and what aspects employers need to bear in mind.

 

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April 24, 2020

Going national: is government stakebuilding the new normal?

The Commission is calling on member states to consider stakebuilding in EU companies vulnerable to takeovers by opportunistic investors. Although such action may be justified in view of the exceptional circumstances caused by the Covid-19 crisis, where will it lead us in the long term?

 

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April 9, 2020

Virtual general meetings introduced for Dutch companies in light of coronavirus crisis

A recent emergency bill facilitates continuation of business operations while also observing current government restrictions on social and public gatherings. Dutch companies will be able to organise virtual general meetings and to delay their AGMs beyond 30 June 2020.

 

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April 6, 2020

Salary during the crisis – when employers have to continue paying

Employers have to deal with various issues emerging from the coronavirus crisis. In this article, we discuss the employer’s obligation to continue to pay salary, especially to employees who are not currently working.

 

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April 2, 2020

Helping employers through the coronavirus crisis: a first look at NOW

Our employment law experts take a closer look at the terms and conditions of the Dutch government’s temporary emergency salary subsidy framework. In particular, employers having to keep salary costs at the same level throughout the subsidy period and not to dismiss employees for economic reasons.

 

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March 30, 2020

Commission calls for greater protection in EU against takeovers by non-EU investors

Member states are encouraged to take measures against unwarranted acquisitions of strategic companies, infrastructure and technology during the coronavirus crisis. Non-EU investors should expect increased scrutiny of M&A deals in Europe, both in healthcare-related sectors and beyond.

 

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March 29, 2020

Declaring a state of emergency in the Netherlands – what additional powers for government?

So far, the Dutch government has explicitly resisted declaring a national state of emergency, but this may change when this becomes crucial to containing the spread of the coronavirus and its impact on society, and current measures no longer suffice.

 

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March 26, 2020

Holiday leave during the coronavirus

Employers and employees are struggling with questions regarding holiday leave as a result of the coronavirus outbreak, as many employees have to work from home. Our experts explain what employers can and cannot do. An infographic covering different scenarios is included.

 

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March 24, 2020

How new and existing Dutch tax measures can help mitigate financial impact of coronavirus

Besides checking if you can benefit from new emergency measures, it is worthwhile to look at existing tax facilities that can provide liquidity relief. And we recommend examining secondary tax liability issues that typically become more prevalent in times of financial turmoil.

 

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March 20, 2020

Coronavirus and competition law – state aid, merger control, crisis cartels and price hikes

Competition law has an important role to play in assessing the legitimacy of actions taken by governments and businesses in the EU in dealing with the impact of Covid-19. We are already seeing competition authorities stepping in, offering guidance and exemptions to assist businesses.

 

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March 16, 2020

Share buyback programmes: accelerating or suspending during stock market volatility

The coronavirus pandemic and the recent drop in oil prices have resulted in financial markets at a historic low. Companies are reconsidering their share buyback programmes and we have received many questions on acceleration or suspension of programmes, which we address in this article.

 

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March 17, 2020

Coronavirus – how it impacts on your annual general meeting

The pandemic poses significant challenges to business, including from a legal perspective. Notably, companies will need to address likely disruption to their upcoming AGM. We explain what options they have in limiting attendance to the AGM and in postponing the AGM.

 

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February 5, 2020

Coronavirus – what you and your business can do to prevent or mitigate legal risks

The outbreak of the coronavirus is now a global health emergency. Naturally, this affects all aspects of society. It also places an increasingly heavy strain on individual businesses, causing significant legal issues and challenges.

How best should your business prepare for disruption? How can business mitigate any potential legal risks which arise as a result of the coronavirus outbreak?

 

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COVID-19 legal checklist

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