A multijurisdictional overview for the central European, southern European and Baltic countries
The COVID-19 pandemic has, and will have, an unprecedented impact on the economy of all countries across the globe. Many governments and banks have introduced extraordinary measures to moderate the financial and economic impacts of the pandemic and inevitable domino effect of credit defaults in the economy. Such measures often include time-limited moratoriums on loan repayments or changes in the insolvency or debt enforcement legal framework that aim at decelerating the expected future wave of bankruptcies.
Our guide contains a brief but comprehensive overview of the current credit moratoriums and insolvency measures in the Baltic/CEE/SEE countries. It was prepared by a consortium of top independent law firms operating in the relevant jurisdictions. Should you need assistance in this area, please contact our Insolvency & Restructuring experts.
Read more about the insolvency and financial measures in the Baltic/CEE/SEE here.