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Clifford Chance

Clifford Chance


Coronavirus: Moratorium for non-mortgage loans or credits

6 April 2020

The Official State Gazette of 1 April 2020 published Royal Decree-Law 11/2020, of 31 March, adopting supplementary urgent measures in the economic and social sphere to address COVID-19 (the "RDL 11/2020").

The measures include the application of a measure called "suspension" for obligations derived from non-mortgage loans or credits in which the borrower is a natural person who is financially vulnerable.

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