AN UPDATE OF THE PROVISIONS OF ORDINANCE N°2020-560 OF 13 MAY 2020
Following Act No. 2020-290 of 23 March 2020 on emergency measures to deal with the Covid-19 pandemic, a series of 55 ordinances and implementing decrees, ministerial orders, circulars and reports to the President of the Republic was issued by the Government.
These new provisions have an impact on the rights and obligations of legal persons governed by private law exercising an economic activity.
The Ordinance No. 2020-306 of 25 March 2020 («the Time Limits Ordinance») relating to the extension of time limits during the health emergency period and the adaptation of procedures during that period, particularly in terms of payment deadlines and penalties, is the one that has the greatest impact on the management of real estate assets.