On March 20, 2020 the National Hydrocarbons Commission (CNH) published in the Federal Official Gazette an administrative resolution declaring the suspension of all terms and proceedings before such authority from March 23 to April 19, 2020. As per the resolution issued by CNH, all terms applicable to administrative procedures before CNH shall be extended and will continue running on April 20, 2020 ...
The CFTC recently published several no-action letters issuing temporary relief to certain market participants in response to the Coronavirus/COVID-19 outbreak, which was declared a pandemic by the World Health Organization on March 11, 2020 ...
COVID-19 and the sweeping government actions to curtail the effects of the virus have disrupted business activities across the globe, requiring businesses to carefully examine their existing contracts and in certain cases deliver important notices thereunder, such as notices of force majeure ...
The COVID-19 pandemic and the sweeping government action to curtail its effects across the globe has disrupted global supply chains and may continue to do so for quite some time. These constraints will strain project development timelines across the renewable energy industry ...
Emergency Mitigation Fund (FOME, per its acronym in Spanish) is a fund without legal status of the Ministry of Finance and Public Credit and will aim, within the framework of Decree 417 of 2020, to meet the needs of resources for health care, the adverse effects generated on the productive activity and the need for the economy to continue providing conditions that maintain employment and growth ...
Due to the declaration of the economic, social and environmental emergency generated by COVID-19 and in accordance with the preemptive mandatory isolation declared by Decree 457 of 2020, in addition to the need of guaranteeing the provision of the public transport service to insure access to health services and cargo supply to the population, the Ministry of Transport issued Decree 482 of 2020 to implement several measures applicable to the transport sector ...
Within the framework of the state of health emergency due to the Coronavirus COVID-19, and in order to guarantee the rights to life, health and survival, the National Government ordered through Decree 457 of 2020 the mandatory preventive isolation for all inhabitants of the national territory. This measure will be applied between the zero hours (0:00 a.m.) of March 25, 2020 and the zero hours (0:00 am) of April 13, 2020 ...
By means of Circular No. 4007 of 25 March 2020, the Ministry of Mines and Energy set out some considerations on the understanding of paragraphs 13 and 25 of Article 3 of Decree 457 of 2020, by which the National Government ordered the preventive isolation of all inhabitants of Colombia for a period of 19 days. Paragraphs 13 and 25 refer to exceptions to the restrictions on freedom of movement ...
In order to obtain the temporary transit permit which authorizes to carry out fundamental activities and stock up of basic goods and services, among other activities, foreigners residing in Chile either as tourists or residents and who do not have a "unique key" or Chilean ID card for foreigners (a provisional RUT may not be used for this purpose), must request this permit in person at the offices of Carabineros de Chile closest to their domicile, showing a valid passport ...
Below is the detailed list set for notarial offices located in the 7 boroughs under quarantine in the Metropolitan Administrative Region, between 27 March and 02 April 2020. Said notarial offices will open between 10:30 am and 1:30 pm Borough of Santiago March 27, 2020 Notarial Office of Mr. Humberto Quezada Moreno: Huérfanos 835, Santiago Notarial Office of Mr. Vladimir Schramm López: Huérfanos 1499, Santiago March 28, 2020 Notarial Office of Ms ...
Exempt Resolution No. 200 from the Ministry of Health, instructing the lockdown of cinemas, theaters, pubs and health clubs and banning customer service at restaurants and coffee shops On 20 March 2020, and as a result of the measures implemented by the Chilean Government to face the Covid-19 pandemic, the Ministry of Health issued Exempt Resolution No ...
On 24 March 2020, and due to the varied measures adopted by mayors and municipal authorities affecting, among others, commercial establishments, the Office of the Comptroller General of the Republic (“the Comptroller” or the “CGR”) published Ruling 6785-20 (the “Ruling”) ...
As a response to the financial tensions triggered by the dissemination of Covid-19, the ChileanCentral Bank (BCCh) has announced a series of measures aimed at granting liquidity to theeconomy, support the flow of credit and the conveyance of the monetary policy. A core component of these measures is that of a Credit Facility Conditioned to the Increase inPlacements (FCIC) ...
Covid-19 has had an impact on ongoing consumer contracts and their relations with suppliers. The rapid spread of the virus led the authorities to declare State of Disaster in the country, raising concern about the (i) fulfillment of consumer contracts of goods and services and (ii) an eventual price manipulation ...
On March 25, 2020, the SEC issued an order granting temporary relief from the filing deadlines for certain SEC filings due between March 1, 2020, and July 1, 2020. This order supersedes the SEC’s March 4 order ...
Due to the expanding impact of the Coronavirus (COVID-19), physical distancing and remote work policies have increased adoption by companies of electronic signature platforms such as DocuSign, Adobe Sign, SignNow, and others (hereinafter, the “platforms”) in handling internal approvals and also executing commercial documents ...
Several state and local governments have issued “shelter in place” orders and undoubtedly more will follow. All have various exemptions for “essential businesses” and many rely on exemptions outlined in the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (“CISA”) guidance on critical infrastructure workers ...
On March 24, 2020, Mexico’s Ministry of Health issued preventive measures, sanctioned by the President, that must be implemented by the public and private sectors for the mitigation and control of health risks associated with the disease caused by the SARS-CoV2 virus (COVID-19) ...
In the wake of the economic downturn caused by the coronavirus outbreak, Congress sought to pass a stimulus bill designed to mitigate the negative impact on the U.S. economy of measures taken to slow the spread of the virus.Hopes of a quick passage of the bill dimmed on March 21, when the Democrat and Republican negotiators in the Senate could not agree on worker protections or stock buyback restrictions for businesses that received funding, among other issues ...
The coronavirus pandemic is already affecting contractors carrying out public projects and other contracts under the public procurement regime. With the dynamic development of the situation, there is arisk that negative consequences will go even further. The current situation affects not only the performance of contracts but also ongoing and future public procurement procedures ...
On 16 March 2020 the Polish Bank Association (ZBP) published astatement on helpful actions to be undertaken by Polish banks in connection with the COVID-19 pandemic. The statement clearly shows that banks recognise the need to take urgent action in response to anticipated difficulties borrowers will have in performing their obligations ...
The current uncertainty in the world economy and the losses in the national stock market, generates concern about possible damage to the economy, derived from the pandemic caused by the virus COVID-19 ...
On March 24, Juan Carlos Jiménez Rojas, General Director of the Mexican Banking Association (Asociación de Bancos de México) (“ABM“), sent a letter to the President of the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (“View More
The General Meeting during the State of Emergency? Can it take place? And can it be convened? Do crisis measures contain an exception for meetings of the statutory organs of the company (e.g ...
