New COVID measures Royal Decree Law 5/2021

Direct aid to support the self-employed and businesses, financial debt restructuring, business recapitalization, extension of tax and insolvency moratoriums, as well as other measures in response to the pandemic.

Due to the current economic situation, on March 13, 2021, Royal Decree-Law 5/2021, of March 12, was published in the Official State Gazette (BOE), which includes extraordinary measures to support business solvency in response to the COVID-19 pandemic.

These measures are aimed at investing public funds amounting to up to 11 billion euros around four lines of action (points 1, 2 and 3) as well as other fiscal and bankruptcy measures (points 6, 7 and 8).

1. Direct aid to support the self-employed and businesses
2. Financial debt restructuring
3. Recapitalization of companies to increase their solvency
4. Extension of the deadlines for the execution and justification of industrial projects benefiting from aid (strengthening the solvency of companies)
5. New developments in the field of insolvency
6. Online meetings
7. Debt deferral
8. Exemption from Stamp Duty

In upcoming articles, we will provide detailed information on each of these points. Please feel free to contact us with any questions or concerns you may have.

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Sonia Fernández Álvarez

Latest posts by Sonia Fernández Álvarez (see all)

• COVID-19 Direct Aid Line regulated by Royal Decree-Law 5/2021. Latest news. - April 29, 2021
• Analysis of Royal Decree-Law 5/2021 (VII): Online meetings, debt deferral and exemption from Stamp Duty. - March 24, 2021
• Analysis of Royal Decree-Law 5/2021 (VI): New developments in the field of insolvency proceedings. - March 24, 2021