Slovak News - July 96 - Law On Securing State Interests

LAW ON SECURING STATE INTERESTS IN THE PRIVATIZATION OF STRATEGICALLY IMPORTANT STATE COMPANIES AND STOCK COMPANIES AMENDMENT

Based on the Law on Securing State Interests in the Privatization of Strategically Important State companies and Stock companies, the assets of the Slovak Savings Bank, a.s. Bratislava and Slovak Insurance Bank, a.s. Bratislava cannot be privatized according to Act No. 92/1992 Coll. on the Conditions for Transfer of State Property To Other Persons (known as the Act on Large-scale Privatization).

According to the amendment to the former law, which was passed by the Parliament, the General Credit Bank, a.s. Bratislava, and the Investment and Development Bank, a.s. Bratislava are currently classified as strategically important stock companies, a status valid until 31 March 1997.

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