On Friday 28 May, the European Commission approved a German aid scheme worth €10 billion to compensate companies for damages related to the coronavirus pandemic.
Companies in all sectors will be entitled to compensation for certain damages suffered due to the full closure of their activities. The compensation period will depend on whether restrictions are in place between 16 March 2020 and 31 December 2021. Compensation, in the form of direct grants, can cover up to 100% of the actual...