CASE COMMENTS: PUBLIC ACTIONS - FRANCE - COVID-19 - FINANCIAL SERVICES - STATE GUARANTEE

COVID-19: The French Parliament empowers the French Government to allow the State guarantee liquidity loans granted to banks in the context of health crisis

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. By its Amending Finance Act, the legislature authorized the Government to grant a State guarantee for cash loans granted by credit institutions to companies in the context of the health crisis. The aim was to meet the financing needs of French companies whose business was suffering a sudden shock following the health emergency measures taken as part of the crisis caused by COVID19. The guarantee concerns loans to be granted between 16 March 2020 and 31 December 2020. In order to ensure that this guarantee is properly targeted to loans that meet the specific needs of businesses in this context, Article 6 of the amended Finance Act provides that the

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  • University Paris II Panthéon‑Assas

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Francesco Martucci, COVID-19: The French Parliament empowers the French Government to allow the State guarantee liquidity loans granted to banks in the context of health crisis, 23 March 2020, Concurrences N° 2-2020, Art. N° 94366, pp. 207-208

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