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Denmark Extends Fixed Costs Compensation Scheme for COVID-19

24 November 2020

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Approved Changes

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Denmark

Denmark has published two executive orders (BEK no. 1604 and BEK no. 1606) from the Ministry of Trade and Industry that extend the fixed costs compensation scheme that was introduced earlier in the year to support companies impacted by the COVID-19 pandemic. The orders provide that the compensation scheme applies for the period 9 July to 31 October 2020 and for companies with an expected revenue decline of at least 35% that have been subject to government restrictions for COVID-19, including requirements to close, limit opening hours (restrict access), or limit gathering sizes. For companies impacted by border closures and...