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NOTICE OF TERMINATION due to redundancy of employee

According to the Slovak law, an employer may terminate employment by notice only for the reasons explicitly stipulated in the Labour Code. One of the reasons for termination most frequently used by employers is the so-called redundancy of an employee. The concerned reason for termination is stipulated in Section 63...
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Ban on Competition for Managing Directors

According to the Slovak law, managing directors (as statutory bodies of limited liability company) are banned from performing certain activities that have competitive character with respect to the company in which they perform their function of managing director. Unless additional limitations arise from memorandum of association/foundation deed or articles of...
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Petition in bankruptcy filed by a creditor

According to the Slovak law, a creditor is entitled to file a petition in bankruptcy if they may reasonably expect their debtor to be insolvent. The insolvency of a debtor may be reasonably expected: if the debtor is more than 30 days in delay with fulfilment of at least two...
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Managing director in a Slovak LLC

According to the Slovak law, the statutory body of a limited liability company (hereinafter the “company”) consists of one or more managing directors. Managing directors are appointed by the general meeting from among the company’s shareholders or other natural persons, i.e. legal entities may never be appointed as managing directors....
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Electronic mail box in Slovakia

We would like to draw your attention to the fact that every business company seated in Slovakia (irrespective of its legal form) has an electronic mailbox that is automatically activated for delivery. All public authorities are entitled to deliver documents to this mailbox without having to deliver them also physically. The...
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