Amendments to the Act on Bankruptcy and Liquidation have been approved by parliament. The purpose of the amendments is to exclude from provisions of this Act strategically important state companies and joint-stock companies. The definitions of strategically important state companies and joint-stock companies is contained in the Act on Securing of State Interests.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Ruth Clamp, Arthur Andersen Bratislava on tel:+42 7 5340 545, fax: +427 5340 542 or e-mail directly to ruth.a.clamp@ArthurAndersen.com, or enter a text search 'Arthur Andersen' and 'Business Monitor'.