Dams against tsunamis? Governmental economy supporting packages
Dams against tsunamis? Governmental economy support packages
Part of the Virtual Entrepreneurship Conference
A webinar presented by the IBA Closely Held and Growing Business Enterprises Committee
Supported by the IBA Corporate and M&A Committee, IBA European Regional Forum, IBA Latin American Regional Forum, IBA Law Firm Management Committee and IBA Young Lawyers' Committee
supported by
DATE 22 May 2020
In order to combat Covid-19, governments around the world have shut down, sometimes almost totally, national economies. Economic life in many jurisdictions has abruptly come to a standstill, and international trade has been disrupted. The survival of many industries and businesses, and the success of the pace of economic recovery will depend on state policies undertaken during the crisis. Governments need to provide exceptional support to private companies with appropriate conditions. Policies in support of businesses and the financial sector will involve a mix of liquidity measures as well as solvency measures. At the same time, domestic policies need to be supported by maintaining international trade and cooperation.
On the basis of a comparative overview of state aid programmes for businesses in selected European countries as well as the EU and the USA, which is being expanded to include other parts of the world, this webinar will present and discuss the key measures taken, as well as the first experiences with the implementation and granting of support measures to companies.