Slovakia on Insolvency/Bankruptcy

As part of a package of measures in the field of commercial law, the National Council of the Slovak Republic approved today, 28 June 2023, amendment to Act no. 7/2005 Coll.

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...

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.