Resurrection of personal insolvencies in Slovakia?

One of its major aims is to address defects in the law of personal insolvencies, which are a huge social and economic problem in Slovakia. Since the IARA first took effect in 2005, the number of persons who have filed for personal insolvency is lower than in other EU countries even though, at first glance, the conditions seem favourable. The amendment came into force on 1 March 2017.
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Company in Crisis: A new legal concept in Slovakia

Mid-life crisis, couplerelation crisis…. As if this wouldn’t be enough. In Slovakia, companies can be in crisis too, now. An entirely new legal concept – a “company in crisis” has been introduced into Slovak law. According to the law, any limited liability company, joint-stock company or limited partnership, whose limited partner is not a natural person, can find itself in “a crisis”.
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Article from INSOL Europe (Week 25 - 31 January 2016) GlobalINSOLvency Editorial Board

Under the pretext of helping certain of Váhostav’s unsecured creditors, and in response to related developments, on 23 April 2015 the parliament adopted significant amendments to the Bankruptcy and Restructuring Act (“Bankruptcy Act”) and to the Commercial Code (“Commercial Code”). The amendments have already been dubbed “Lex Váhostav”. Váhostav owes millions of euros to hundreds of unsecured creditors, many of them small and medium-sized companies that are subcontractors of Váhostav in its public procurement contracts with the government.
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Can a non-profit organisation go bankrupt or be restructured

by David Orsula & Filip Takac Dávid Oršula and Filip Takáč discuss the issues of a non-profit organisation in Slovakia compared to other selected countries. It all started with a creditor’s objection during a creditors’ meeting as part of the restructuring of a non-profit organisation (“NPO”).
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Protecting Investments in Challenging Environments: A Guide for Clients prepared by the Salans Global Corporate Group

Welcome to the fifth edition of this publication which has been compiled by the Salans Global Corporate Group comprising experienced lawyers from each of our 22 offices. Previous editions have dealt with: the establishment of companies and partnerships in key jurisdictions; the use of warranties in international acquisitions; the issue and transfer of securities in key jurisdictions;and governmental approvals and third party consents in corporate transactions.
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