The coronavirus (COVID-19) has a major impact on the global economy and public health. In order to provide you, as an entrepreneur or employer, with the best information, advice and assistance possible during these uncertain times, BUREN has set up a Coronavirus (COVID-19) Desk.
Our Coronavirus (COVID-19) Desk consists of lawyers, tax lawyers and advisors from various practice groups. The members of the Coronavirus (COVID-19) Desk follow the news and measures taken by the government closely. Based on their expertise, they will regularly inform you about the economic measures that the government is taking to protect jobs and incomes and to deal with the consequences for SME’s, self-employed persons and large companies.
Links to the latest information from our Coronavirus (COVID-19) Desk are at the bottom of this page. Here you can find which measures may apply to you and as well as practical advice on how to best apply or file requests.
Our experts are here for you, also if you are affected by the consequences of the coronavirus crisis. We can help you with questions such as:
M&A and Private Equity | Transactions in times of Corona
The COVID-19 pandemic has had a significant impact on M&A and Private Equity processes. What does the coronavirus mean in practice for current, already completed and future transactions? Can a proposed takeover be canceled? Can the terms of a transaction be adjusted? Our specialists of the M&A and Private Equity practice group can advise you about the impact of the coronavirus on your transactions and how you can best deal with that impact.
Employment & Benefits | Support measures and reorganisations
As a result of the COVID-19 pandemic, the government has already taken the necessary measures. These measures also affect employment law. Our Employment & Benefits specialists will help you understand what these measures are and whether they apply you Even if your organization is forced to reorganize, our specialists, who have already supervised several complex COVID-19 related reorganisations, can quickly provide you with practical, manageable solutions.
Restructuring & Insolvency | Closing the company, restructuring or preparing for insolvency in a controlled manner.
Many companies face challenging times, financially, because of the corona crisis. It is important for entrepreneurs to determine whether the company should be discontinued, should be restructured or whether insolvency is unavoidable. In the last case, insolvency must be prepared in a controlled manner. The company could benefit from restructuring / refinancing, whether or not on the basis of a compulsory settlement (in anticipation of the Wet Homologatie Onderhands Akkoord (WHOA). Sadly, there are cases when the company cannot be rescued. In situations like these it would be wise to prepare an insolvency (prepack; if possible) suspension of payments or bankruptcy) in a controlled manner). In all these processes, our experts in the Restructuring & Insolvency department can map out all possibilities, bottlenecks and (liability) risks for the company and its management. If the company is in dire straits yet still continues to do business, the management may be held personally liable. A controlled discontinuation of your company could be another option. The Chamber of Commerce (KvK) recently admonished entrepreneurs to consider discontinuing their business well in time.
Real Estate | Impact of the coronavirus on rental agreements
The economic consequences of the COVID-19 pandemic are now so substantial that a temporary rent reduction is an important option to save entrepreneurs from ruin. Whether this is also legally possible will have to be considered on a case-by-case basis. What is the extent of the sales loss? Are there any other special circumstances? Our Real Estate specialists will be happy to discuss the pros and cons of a temporary rent reduction with you.
Tax | Government support measures
The Dutch government has presented a package of support measures to help entrepreneurs through the corona crisis. This package includes tax measures, such as deferred tax payment or a reduction in provisional corporation tax assessments. Our tax specialists will be happy to inform you about the available arrangements and whether they apply to you
Commercial contracts | Breach of contract due to the coronavirus
What are the options if an agreement cannot be fulfilled due to the COVID-19 pandemic? If products are delivered too late or incomplete? Under what conditions can you invoke force majeure and what are the consequences? Our specialists in the field of commercial contracts are happy to advise you on your position if such issues arise
Please do not hesitate to contact one of our contact persons if you have any questions or require our assistance regarding the coronavirus. They will gladly help you.
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