Europe

Labour Law News – Coronavirus No 1

We complete our “FLASH INFOS” of 20 March 2020 to inform you about the latest news:

  • Adoption and publication in the Official Journal of the emergency law n°2020-290
    of 23 March 2020 to face the epidemic of Covid-19;
  • Draft decree on partial activity (pending its adoption and publication).
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NEWS – LABOUR LAW SPECIAL FLASH COVID-19

In view of the coronavirus epidemic in Europe and particularly in France, companies must take measures to both protect their employees and also ensure the continuity of economic activity or at least preserve it. Read more…

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LABOUR LAW NEWS – CORONAVIRUS N°2 EXECUTIVE ORDERS OF MARCH 2020

The Executive Orders authorized by the Emergency Law to adapt labour law to the health crisis have just been published in the French official journal « Journal Officiel ». Here is a summary of the main provisions: Read more…

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Navigating the state’s wage subsidy scheme and an employer’s ability to reduce pay

As employers try to chart their route through the current and inescapable business continuity issues that the current Covid-19 crisis presents, management teams are searching for methods to reduce cost.

Unfortunately, the first overhead under the microscope for decision-makers is often employee pay. Read more…

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DILEMMA: Bestyrelsens opgaver og ansvar i krisetider

Coronakrisen og de voldsomme konsekvenser, den har for samfundet og erhvervslivet, har sat en række nye punkter på dagsordenen i bestyrelseslokalerne. Her vil vi kort gennemgå dels de formelle regler om bestyrelsens opgaver og ansvar (som findes i Selskabsloven §§ 115 og 361), dels de ledelsesmæssige udfordringer og dilemmaer, coronakrisen fører med sig. Read more…

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Economic Measures for Entrepreneurs Proposed by Slovak Government

PETERKA & PARTNERS Slovakia has prepared a brief summary of economic measures aiming to support entrepreneurs and prevent massive layoffs announced by Slovak Government yesterday.

To view the full text, please click HERE.

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Covid-19 in Latvia: The latest regulation provides for idle time benefits and tax holidays up to 3 years for all companies with 30% or in certain cases 20% drop in turnover, regardless of industry

On 26 March 2020, the Cabinet of Ministers adopted criteria and procedures for receiving idle time benefits and maturity breakdown of tax payments or a deferral of up to three years for any company affected by Covid-19 crisis.

Rights to receive crisis benefits and tax holidays

The criteria for employers and tax payers affected by Covid-19, to receive idle time benefit and tax holidays up to three years are as follows:

1. turnover has decreased by at least 30% (compared to March or April 2019); or
2. turnover in March or April 2020 (compared to March or April 2019) has decreased by at least 20% and the company meets at least one of the following criteria:

  • the company’s exports amount to 10% of its total turnover in 2019 or at least EUR 500,000;
  •  the average monthly gross salary paid by the company in 2019 was at least EUR 800;
  • long-term investments in fixed assets as at 31 December 2019 were at least EUR 500,000.
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TGS Baltic offers up-to-date information on the availability of Covid-19 crisis mitigation measures and the newest regulatory changes.

General

In accordance with Cabinet Order No. 119 of 24 March 2020, which amends Cabinet Order No. 103 On the Declaration of Emergency Situation of 12 March 2020, new restrictions take place:

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Under the conditions of coronavirus spread, the week from March 30 in Russia is declared as a non-working one with the preservation of salaries

The recent Decree of the Russian President (“Decree”)1 establishes non-working days for the week from March 30 to April 3, 2020, to ensure the sanitary and epidemiological well-being of the population on the Russian territory, with the preservation of salaries for employees. This requirement does not apply to employees of the following organizations:

  • continuously operating organizations;
  • medical and pharmacy organizations;
  • organizations that provide the population with food and goods of prime necessity;
  • organizations that perform urgent work in emergencies, in other cases that endanger the life or normal living conditions of the population;
  • organizations that perform urgent repair and handling operations.
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Verohallinnon tukitoimet yrityksille koronaviruksen johdosta

Viime päivinä olemme saaneet mielenkiinnolla, osin jopa pelolla, seurata mitä seuraavaksi perutaan. Perutuiksi ovat joutuneet niin jääkiekon MM-kisat, normaalit koulupäivät, erilaiset musiikki-, urheilu- ja koulutustapahtumat, jopa Euroviisut on peruttu. Vanha sanonta verojen maksamisesta pitää kuitenkin edelleen paikkansa eikä tulojen ilmoitusvelvollisuutta, saati verojen maksuvelvollisuutta, ole peruttu. Verot on siis maksettava, pandemiasta ja valmiuslain toimivaltasäännösten käyttöönotosta huolimatta. Verohallinto tiedottaa verkkosivuillaan selkeästi, että ” Koronan aiheuttamien vaikeuksien vuoksi veroja ei voi jättää maksamatta eikä veron määrään, eräpäiviin, viivästyskorkoihin tai muuhun maksamiseen ole tullut muutoksia”. Read more…

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