What moratorium measures have been put in place?

While during the state of emergency all interpellations, arrears and executions arising from the delay in the fulfilment of obligations relating to bank credits were deemed ineffective, the legal regime in place for the situation of public calamity is silent on this.

 

What is the operating regime of credit institutions and financial corporations during the state of public calamity?

Upon the declaration of situation of public calamity, credit institutions and financial corporations shall return to full operation, provided, in any case, that all measures regarding the prevention and mitigation of the COVID-19 pandemic are complied with.

 

* Without prejudice to the observations under the heading "Impact on contract management", which are also relevant in this context, to the extent applicable.

 

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This information is being updated on a regular basis.

All information contained herein and all opinions expressed are of a general nature and are not intended to substitute recourse to expert legal advice for the resolution of real cases.