COVID-19 Although the first big wave of requests for repayment deferrals of banking and non-banking loans may seem to be over, a further one is likely just to come once some debtors realise the actual effects of COVID-19 crisis on their economic situation and the pandemic time frame for filing the requests for repayment deferrals will start approaching its end.
Therefore, we have prepared this update of our original client alert of 3 April 2020 on this topic, now revised upon the finally adopted law.
You can read more on DEFERRALS OF REPAYMENTS OF LOANS AND OTHER CREDIT INSTRUMENTS in our legal update prepared by Simona Halakova and Miroslav Zaťko of our Banking & Finance team on 19 May 2020 based on the finally adopted Act thereon. Full version of this legal update you can find in the PDF document HERE.