Slovenia has amended the Financial Operations, Insolvency
Proceedings and Compulsory Dissolution Act (ZFPPIPP or the
Insolvency Act) again, following amendments in 2013, amending
preventive restructuring, simplified compulsory settlement and
personal bankruptcy proceedings. Amendments to the Insolvency Act,
which were adopted by the National Assembly on 31 March 2016, will
come into force on 26 April 2016.
The main modifications introduced by the amendments are as
follows:
- small companies may now rely on
proceedings on preventive restructuring, in addition to
medium-sized and large companies as was previously permitted;
- a decision approving financial
restructuring must now be published during preventive proceedings,
eliminating delays in delivering a decision to individual creditors
and shortening the period between conclusion of the agreement and
its entry into force;
