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Legislative changes in view of the Covid-19 pandemic (in some countries there are changes to insolvency law, tenancy law, law on consumer contracts and corporate law)

As of this date no major changes of this kind have yet been adopted. Compare to other countries (i. e. New Zealand) where we can already see the mortgage and rent freeze together with minimum living allowance providing by the government in order to ensure that its citizens will be in safe position as many already lost their jobs, the Czech government is yet to decide on how to address this situations. It is, however, clear, that based on negotiations with the Czech National Bank such measures are likely to be adopted in the future. So far, the Ministry of Finance has presented a proposal to a 6-months moratorium which should freeze mortgages and loans repayments. After the parliament's approval such moratorium shall be binding for all banks and non-banking financial institutions.