Blog

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... Read More

In case an employer decides to terminate the employment with an employee, there are several ways to do so. Under the Slovak law, employment may be terminated by: notice of termination; agreement; termination with immediate effect; termination during a probationary period. Below let us provide you with information regarding the... Read More

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.... Read More

We would like to remind you that the Amendment to the Commercial Code (the Act No. 390/2019 Coll.) that will fundamentally change the process of voluntary dissolution and liquidation of Slovak companies will enter into force on October 1, 2020. Following October 1, 2020, the liquidators of the companies will... Read More

Hereby we would like to inform you about the amendment of the Act No. 62/2020 Coll. on certain emergency measures in relation to the spread of the dangerous contagious human disease Covid-19 and in the judiciary and on amending and supplementing of certain acts (the concerned act hereinafter the “Act”... Read More

We would like to inform you that on 6 April 2020 the Slovak Ministry of Labor, Social Affairs and Family has presented their “first aid” package for employees and entrepreneurs that is aimed at reducing the negative impact of coronavirus. As of 6 April 2020, 12pm the Offices of Labor,... Read More