Malta:
State Aid And The Pandemic: 10 Months On
08 February 2021
Mamo TCV Advocates
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The State Aid Temporary Framework (the "Framework")
was initially adopted by the Commission on the 19 March to ease the
difficulties various undertakings were facing as a result of the
COVID-19 pandemic. It was subsequently amended on a number of
occasions to reflect the ever-changing effects of the pandemic and
was set to expire on 30 June 2021, bar the recapitalisation
measures that were to remain in effect until 30 September 2021.
As a result of the pandemic's continued progression, the
Commission deemed it fit to extend the Framework's scope and
measures – including the recapitalisation measures –
further. The ceilings initially set out in the Framework regarding
the aid each undertaking may be granted will now be doubled. Member
States are also given the ability to convert repayable instruments
granted under the Framework into other forms of aid until 31
December 2022.
The Framework is now set to expire on 31 December 2021.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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