1. Purpose

The Fund to support the solvency of strategic companies (“Fund”) is aimed at offsetting the impact of the health emergency on solvent companies’ balance sheets, when these are considered strategic for the national or regional productive and economic fabric, among other reasons, on account of their significant social and economic impact, their role in terms of security, public health, infrastructure, communications or their contribution to the smooth operation of the markets, in cases where credit or liquidity support measures are not sufficient to ensure continuity of their activity.

Financing operations through the Fund is intended as a last resort and must comply with the European Union’s State Aid rules, in order to ensure that operations comply with the principles of proportionality, equal treatment and protection of the public interest.

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Author

Partner, Baker McKenzie Madrid S.L.P.
Madrid
Email: Enrique Carretero

Author

Partner, Baker McKenzie Madrid S.L.P.
Madrid
Email: Rossanna D'Onza

Author

Partner, Baker & McKenzie Barcelona S.L.P.
Barcelona
Email: Joaquin Fabre

Author

Partner, Baker & McKenzie Barcelona S.L.P.
Barcelona
Email: Javier Menor