Developments included in the Code of Best Practice and the Agreement of the Council of Ministers on the conditions and collection system for COVID-19 guarantees

The following agreements were published on 13 May: (i) the Agreement of the Council of Ministers of 11 May 2021, approving the Code of Best Practice for the renegotiation framework for clients with guaranteed financing provided for in Royal Decree-law 5/2021, of 12 March, on extraordinary measures to support business solvency in response to the COVID-19 pandemic and (ii) the Agreement of the Council of Ministers of 11 May 2021, extending the application deadline and adapting the conditions of the guarantees regulated by Royal Decree-laws 8/2020, of 17 March, and 25/2020, of 3 July, and developing the system for the collection of enforced guarantees established in Article 16 of Royal Decree-law 5/2021.

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