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Legal market overview
Slovakia’s economy has seen some recent signs of recovery. Although the M&A market is still rather slow, firms have recently observed an influx of investors from Central and Eastern Europe, which, along with local investors, are filling the gap that the West left behind. Banking and finance lawyers are being kept busy with restructuring and refinancing work, as well as a strong flow of acquisition finance instructions. Capital markets activity has focused on bond issuances. The real estate sector is slowly picking up, although divergent price expectations between sellers and buyers remains a problem, and new development activity is limited. Moreover, the 2012 collapse of the infamous Trinity project did not send positive signals to foreign investors.
The top end of the Slovak legal market is a mix of domestic and international firms, as well as arrangements where local lawyers have associations with or de facto membership of European law firms. Cechova & Partners, Ruzicka Csekes s.r.o. in association with members of CMS in Bratislava and CHSH Siska & Partners S. R. O. Cerha Hempel Spiegelfeld Hlawati are leading players, with Allen & Overy Bratislava, s.r.o. and White & Case s.r.o standing out as the leading international firms in the market. Peterka & Partners and bnt Attorneys-at-law are also present in the market and maintain a strong presence across Central and Eastern Europe. A number of young Slovak spin-off firms are establishing their market position.
Legal Business: country analysis
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At the beginning of 2013 the Competition Authority, which has been under new leadership since 2012, presented plans for future reform to the public. It presented a paper entitled "The Antimonopoly Office of the Slovak Republic - Its Mission and Policy - Orientation for the Next Period", summarising the authority's strategy for the near future.(1) It also presented for public discussion a draft amendment of the Competition Act.
This guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of mergers and acquisitions. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Mergers & Acquisitions; published by Global Legal Group Ltd, London. www.iclg.co.uk.
This guide provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of real estate. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Real Estate; published by Global Legal Group Ltd, London. www.iclg.co.uk )
A new amendment to the Slovak Commercial Code (Act No. 9/2013 Coll.) has been passed by the Slovak legislator (the "CC Amendment"), mainly as a result of implementation of the EU directive on combating late payment in commercial transactions. Effective 1 February 2013, the CC Amendment brings forward the following key changes:
A substantial amendment of the Slovak Labour Code, Act No. 311/2001 Coll., (the "Amendment"), the second in less than two years, will come into force on 1 January 2013. The Amendment, which generally strengthens the position of employees in employment relations, was adopted despite heavy criticism from employers, who warned that it might that it might cause massive layoffs on the Slovak job market.
The new amendment to Slovakia's VAT Act inter alia complicates the transfers of shares in limited liability companies.
The new amendment to Slovakia’s VAT Act inter alia complicates the transfers of shares in limited liability companies.
As a part of its anti-corruption agenda, the Slovak government introduced a contracts publication duty as from 1 January 2011. Various practical difficulties have emerged since then.
The new Slovak energy legislation will come into force in the autumn 2012, changing rules for the energy sector and implementing relevant European Union directives, above all the Third Energy Package.
ROWAN LEGAL gained yet another IT law award, affirming its impressive position in this field in the Czech Republic and Slovakia.
The company LONGEA s.r.o. which was specialised in tax and accounting has integrated into ROWAN LEGAL advisory group.
We have launched a new corporate website in July, which is simpler and more user-friendly. It also reflects modern trends in creating web presentations. It is available in Czech, Slovak and English.
ROWAN LEGAL is the winner of yet another prestigious legal award in relation to its IT practice and has been chosen by the renowned Corporate INTL magazine as the IT Law Firm of the Year in the Czech Republic.
ROWAN LEGAL, law firm, is the winner of the Law firm of the year 2010 award in the category of Information Technology Law, organised by epravo.cz. In Intellectual Property and Public Procurement, ROWAN LEGAL was ranked among top five firms in the Czech Republic.
Co-organised by KVIFF and ROWAN LEGAL, the annual ROWAN LEGAL FESTIVAL CUP took place at the 45th Karlovy Vary International Festival for the third consecutive time.
ROWAN LEGAL, Law Firm, has become one of the partners of the conference on Interdisciplinary Aspects of Introducing IT Systems. Organised under the auspices of the T-SOFT ETERNITY Foundation, the conference is scheduled for 30 September, 2010 and its venue is Hotel Praha in Prague. Martin Maisner, Partner in ROWAN LEGAL, is on the speakers list.
On 1 July 2010, ROWAN LEGAL joined IT CLUSTER – a unincorporated association of Ostrava, Czech Republic.
Chosen as the 2010 winner of the prestigious Corporate INTL Magazine Global Awards, ROWAN LEGAL has been named the Information Technology Law Firm of the Year in the Czech Republic and Dispute Resolution Adviser of the Year in the Czech Republic.
A well-acclaimed international competitor, ROWAN LEGAL, joins the group of Czech law firms with an exceptionally strong position in the TMT field (Technology, Media, Telecommunications).