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In Slovakia, the exercise of powers by company executives like managing directors or board members involves a relatively wide range of legal obligations and liabilities.

Is the formal restructuring of distressed businesses a real option, or is it simply the last stop before the terminus? The SkyEurope story offers some important insights.

At the beginning of August 2024, the Ministry of Justice of the Slovak Republic released its annual statistical yearbook for 2023 (please see here: Statistical Yearbook 2023).

As of January 1, 2012, the Slovak Act on Bankruptcy and Restructuring (Act No. 7/2005 Coll.) has been amended to introduce a statutory subordination of claims of related creditors (Section 95(3) of the Slovak Bankruptcy Act).

November 2020 – It has been four months since the launch of rental subsidies in Slovakia. The Ministry of Economy of the Slovak Republic has to date registered approximately 25,000 applications

From 1 June 2023, the so-called reform of the "judicial map" of Slovakia enters into force, which according to its proponents should bring faster and better decision-making by the courts...

On 9 June 2020 the Slovak parliament adopted Act No. 155/2020 Coll., amending Act No. 71/2013 Coll. on the provision of subsidies within the competence of the Ministry of Economy of the Slovak Republic...

New Slovak legislation on preventive restructuring – "An ounce of prevention is worth a pound of cure."