Temporary Act COVID-19 Justice & Security extended until 1 October 2021

By Royal Decree dated 27 April 2021, the Temporary Act COVID-19 Justice and Security (the "Temporary Act") was extended until 1 October 2021.

The following rules included in the Temporary Act are of practical importance for the corporate law practice:

  1. the management board of a private or public limited company can decide that the general meeting of shareholders will only be accessible by way of electronic means. For such virtual meeting additional requirements apply; and
  2. the management board may, instead of the general meeting of shareholders, extend the term for the preparation of the annual accounts.

For further information regarding the content of the Temporary Act, we refer to update 18 of our Corona blog.