Slovak News - Dec 96 - Law Amendment On Securities

Issuers of publicly traded securities are not allowed to decide whether the issue ceases to be publicly tradable and neither can they remove them from the market.

Physical and legal entities can buy or sell publicly traded securities only on the public market. The only new provisions introduced by the amendment is the possibility of issuing non-traded securities in a physical form.

The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.

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