No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à -vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. This will be called the 'Relaunch Fund' (Patrimonio Rilancio). If a guarantee is enforced, the BEi would pay the amounts to the beneficiaries and then ask the Member States participating in the fund to pay their pro rata share, according to an agreed time frame. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.Are you sure you want to block %USER_NAME%?By doing so, you and %USER_NAME% will not be able to see It applies to the liquidation of small banks with total assets of up to EUR5 billion but not to the liquidation of cooperative credit banks (banche di credito cooperativo). The Ministry of Economy and Finance is also authorized to (i) agree with the European Commission on how Member States should counter-guarantee the risks to be assumed by the EU under a new European scheme to provide temporary support to reduce unemployment risks during the COVID-19 emergency, and (ii) issue the relevant national guarantee.To bolster support for innovative start-ups throughout Italy, the Relaunch Decree allocates:EUR10 million for relief granted in the form of non repayable contributions towards the purchase of services from public or private bodies that aid the development of innovative enterprises;The length of time for which innovative start-ups can remain enrolled in the special section of the Trade Register has been extended by 12 months.Drawing on their own resources, regional authorities, autonomous provinces, other local authorities and chambers of commerce can also adopt aid measures, in line with the Communication from the Commission C(2020) 1863 - 'Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak' .The aid can be provided by these bodies, directly or through banks or other authorized lending institutions, for a maximum period of six years, in the form of loan guarantees or cheap loans.This type of aid cannot be given to businesses that were already in financial difficulty on 31 December 2019 and it can only be granted until 31 December 2020. Post-war Italian governments tried repeatedly, but without success to fill it. companies providing transport services, companies that - among other conditions - have seen a 33 percent or 50 percent fall in turnover.This new rule allows the keepers of energy tax warehouses and of alcohol/alcoholic beverage tax warehouses, who must normally pay excise duty in monthly instalments, to alter the frequency of the payments between the date of the Relaunch Decree and 30 November 2020 (which is the due date for the payment of excise duty on products released for consumption in November). The state will assume 90 percent of the non-market risks (as defined in EU legislation) attached to the guarantees issued by SACE; the remaining 10 percent will be assumed by the company that receives the SACE-backed loan. Government and institution measures in response to COVID-19.Government and institution measures in response to COVID-19.The âLiquidity Decreeâ (released 8 April 2020 and converted into Law no. In cases of serious economic or social difficulties, this extension can be granted, on request, to customs debit account holders covered by article 61 of the Cure Italy Decree or article 18 of the Liquidity Decree, e.g. Similarly, procedures which began after 23 February 2020 are suspended.Until this date the employer, regardless of the number of employees, cannot terminate indidividual workersâ contracts for justified business reasons (i.e. Thomas D. Williams, Ph.D. 28 Jul 2020. It is also subject to approval by the European Commission, as per article 108 TFEU.Monthly payments on account for excise duty on natural gas and electricity for the period May-September 2020 may be made by paying 90 percent of the ordinary amount.
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