The severity of SARS-COV-2 virus (COVID-19) epidemic has forced the authorities to pass a number of provisions and measures in order to manage the spread of the disease and its consequences. Below is the summary of the measures taken in the financial sector. Act Determining Intervention Measures in Public Finance (in Slovene: Zakon o interventnih ukrepih na javnofinančnem področju) On... Read More →

On 24 March 2020, the Government of the Republic of Slovenia presented its guidelines and measures for the preparation of a “Mega-Act” package worth around € 2 billion to help the population and the economy in mitigating the effects of the corona epidemic. The act has not been adopted yet; however, the measures are expected to stay in force from... Read More →

The Act on emergency measures on deferral of borrowers’ payment obligations (hereinafter: “the Act”) was adopted on March 20, 2020, within the urgent legislative procedure. Stated Act, under certain conditions, facilitates borrowers’ deferral of payment obligations under credit agreements and thus alleviates consequences of the emerging economic situation due to the COVID-19 epidemic. The Act came into force on 29... Read More →

Dear clients, on 16 March 2020, we provided you with a summary of actions taken by the competent authorities to manage the spread of SARS-COV-2 (COVID-19). As new, additional measures have been taken since then, please see below a summary of these measures. Prohibition of public gatherings As of 20 March 2020, 00:00 hours, the Order on the temporary prohibition... Read More →

Uncertainty of current economic situation, as a result of the COVID-19 epidemic, leads to inevitable decline in consumption and companies’ revenues and, therefore, puts unavoidable pressure on small and medium-sized companies (SMEs). The current state of Slovenian economy is starting to resemble situation which emerged after the economic crisis in 2008 and which resulted in introduction of a completely new... Read More →

Virus SARS-CoV-2 (disease COVID-19) already has a significant impact on our everyday life and will, as a consequence, most likely also have an impact on contractual (business) relationships. In light of the circumstances arising as a consequence of the virus-SARS-CoV-2 (disease COVID-19), parties may want to address particular attention to, among others, the following legislative provisions and legal institutes, when... Read More →

In light of developments related to the SARS-COV-2 virus (COVID-19), we have prepared an overview of some employment related measures that may be relevant in the current situation to businesses and other entities.  Temporary irregular distribution of working time If conditions for a temporary redistribution of working time are met, an employer may temporarily distribute the working time irregularly.  Temporary... Read More →

Dear clients, in light of developments related to the SARS-COV-2 virus (COVID-19), we have prepared a summary of certain actions taken by the competent authorities that may be relevant to businesses and other entities in the current situation.   Temporary prohibition of sale of goods and services to consumers in the Republic of Slovenia As of 16.3.2020, at 00:00 hours,... Read More →