On Friday 22 January, the European Commission approved a €12 billion German ‘umbrella scheme’ (the final part of the Novemberhilfe package) to compensate companies for damage suffered as a result of the restrictive measures taken to contain the Covid-19 pandemic.
According to Margrethe Vestager, Executive Vice-President responsible for Competition Policy, the scheme “complements already approved schemes enabling support of up to €4 million per company as part of the Novemberhilfe...