COVID-19 BOARD OF DIRECTORS AND GENERAL MEETINGS | HMLAW LAW FIRM

COVID-19 BOARD OF DIRECTORS AND GENERAL MEETINGS

7 April 2020

Through the measures for the protection of public health from Covid-19, as of 20.03.2020 and until 30.06.2020, all legal entities are allowed to conduct their members’ (shareholders’ or partners’ depending on their form) General Meeting through teleconference, irrespectively of whether relevant provision is included or not in the entity’s articles of association. These new measures also point out that the General Meeting’s invitation ought to include all necessary information and technical guidance for the teleconference to take place.

As of 31.03.2020 and until 30.06.2020 the Board of Directors of all private sector legal entities may convene and resolve through teleconference, circular resolutions or any other convenient way. In such cases, the signatures of the members of the Board of Directors may be replaced by e-mail exchange or other electronic media.