COVID-19 and the holding of the ordinary general meeting
As a result of the extraordinary situation that Denmark and the rest of the world are currently facing because of the coronavirus pandemic (COVID-19), the Danish Parliament (Folketing) is now passing a series of emergency acts in an attempt to minimise the spread of the virus in Denmark.
The Danish Parliament adopts emergency law deferring payment deadlines for tax and vat for Danish companies
On 17 March 2020, the Danish Parliament (Folketing) approved a bill on the temporary deferral of payments of withheld tax and labour market contributions, B-tax and interim labour market contributions, as well as the temporary deferral of declaration and payment deadlines and the extension of tax periods for VAT, etc.
The rapid spread of the COVID-19 virus, also known as the coronavirus, raises many questions related to day-to-day business operations. One of the many legal issues concerns whether companies may disclose and record data about their employees to limit possible infection and further spread of the virus.
Generally, force majeure is defined as an external and unexpected event which cannot be averted, and which prevent a contracting party from fulfilling its contractual obligations. The question is whether the coronavirus is force majeure – and what it means to the world of transport?
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Emergency situations should not completely paralyze business and transactions - business activity and transactions are essential to keep the economy alive. It may be that the transaction has been agreed long before the emergency situation was declared and that the parties do not wish to delay it. Thus, transactions must not become impossible and it is evident that notaries are adapting rapidly to the emergency situation.
To grant an income for the employees and help employers to overcome temporary difficulties, the government has entered into force a regulation introducing a temporary salary compensation paid through the Unemployment Insurance Fund on March 23, 2020.
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