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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