Italian Chambers of Commerce to provide Italian companies Force Majeure Certificates for the outbreak of the Covid-19 pandemic. While this may not prove to be fully satisfactory depending on the regulatory and contractual framework of the relevant tranaction, it constitute an official affidavit effectively supporting the burden of proof of the Italian exporter. https://www.rm.camcom.it/archivio61_avvisi-in-bacheca_0_506.html hashtag#forcemajeure…
Italian Government expected to issue the Protect-Italian-Economy Bill shortly Bundesrat passed the “Corona-Krisenpaket” on 27 March 2020, 2 days after approval by Bundestag. A large-scale economic stabilization fund (Wirtschafts Stabilisierungsfonds) of up to 600 billion euros has been launched. The German Government will be allowed to also invest directly in companies for a limited period…