Novinky

June 2023 – Slovak bankruptcy legislation has created two separate regimes regarding the declaration of bankruptcy in the case of bankruptcy of a legal entity. For small and medium-sized enterprises, the legislator created the regime of the so-called small bankruptcy, which can be used by entrepreneurs if they meet the legal conditions regarding turnover, amount of assets, liabilities, etc. The two-track system of declaring bankruptcy in the case of legal entities affected, among other things, property sanctions that can be applied against members of the statutory body.

You can read the full article in Slovak at this link.