1.1 Corona Relief Fund (for more details check out our legal insight)
Austria, Capital Markets, Competition & Antitrust, Corporate Finance/M&A, Employment & Labor, Healthcare & Life Sciences, Insolvency & Restructuring, Insurance, IT & Data Protection, Real Estate, Tax, Telecoms, Schoenherr, Coronavirus
Status as of 3/11 11:40 am CET
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Austria, Banking, Capital Markets, Corporate Finance/M&A, Employment & Labor, Healthcare & Life Sciences, Insolvency & Restructuring, Insurance, Public, Real Estate, Tax, Telecoms, Schoenherr, Force majeure, Personal data, Coronavirus, Personal protective equipment, European Securities and Markets Authority, GDPR
As of January 1, 2012, the Slovak Act on Bankruptcy and Restructuring (Act No. 7/2005 Coll.) has been amended to introduce a statutory subordination of claims of related credi-tors (Section 95(3) of the Slovak Bankruptcy Act). The Amendment affects the ability of creditors to obtain satisfaction from companies in bankruptcy by classifying claims by “related” parties as subordinate to other claims.