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Editorial

SLOVAK INSOLVENCY CODE AMENDMENT: CHANGES TO THE TEST OF OVER-INDEBTEDNESS AND...

January 2012 - Corporate & Commercial. Legal Developments by Kinstellar.

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NEW LIABILITY OF DIRECTORS

An amendment to the Slovak Insolvency Code has been recently approved by the Parliament (the “Amendment“). The Amendment, which is considered to be the most significant amendment to the current Slovak Insolvency Code since its introduction back in 2006, seeks to revise those provisions of the Insolvency Code that have proven to be problematic in their application, or less effective than originally intended. 

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