EU State Aid: Temporary Framework for EU State Aid in Response to COVID-19 Outbreak

Sullivan & Cromwell LLP - March 17, 2020

The European Commission is preparing a temporary framework for state aid in response to the COVID-19 outbreak, which would allow Member States to provide direct grants of €500,000 to individual companies, state guarantees of bank loans, and subsidised interest rates, to mitigate the effects of COVID-19 on liquidity.