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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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