Corporate & Commercial
Does the borrower have any restrictions on the payment of profits during the state guarantee?
For a borrower who has been granted a loan by a bank that receives measures under the ZDLPE law, the following prohibitions apply from the time the loan application is submitted to the expiration of the bank’s right to exercise the right to a guarantee:
– prohibition of payment of profits,
– prohibition of payment of business performance awards to members of management,
– the prohibition on the purchase of own shares or shares, and
– prohibition of payment of other financial liabilities to parent or affiliated companies or owners.
