Better check your company’s electronic mailbox regularly

The Slovak corporate electronic mailbox is a well-known instrument, but despite this, is not yet frequently used. Be warned, Slovak law penalizes companies which do not check their electronic mailbox. And now, the law is even stricter! Since the implementation...

Continue reading →

Money transfers between the shareholders and the company

Capital Fund Up until recently, there were two common ways how shareholders did invest money into a company. Either the shareholders did increase the company’s registered capital, or they provided a loan to the company. Numerous experts have discussed also...

Continue reading →

Corporate veil pierced in Slovakia

Creditors will be able to enforce their claims directly against controlling shareholders One of the main reasons businessmen conduct their business through companies is to transfer the risk from themselves to the company. In other words, creditor claims against a...

Continue reading →

Disputes with producers in Central and Eastern Europe (CEE)

Trouble with a producer in a CEE land? Unclear text and foreign law always favor the domestic producer. But there are tips and tricks that can help, even in the middle of a dispute. We deal with tough cases;...

Continue reading →

Business Registers Interconnection System – BRIS

Interconnection of central, commercial and companies registers in the EU, Iceland, Liechtenstein and Norway. An amendment to the Act on the Commercial Register, which came into force on 15 June 2017, introduces an interconnected system of central, commercial and companies registers in...

Continue reading →

Have you tried electronic enforcement?

Creditors can now enforce their monetary claims faster and more efficiently in Slovakia. This is due to the newly introduced electronic enforcement proceeding, an alternative to enforcing monetary claims with the standard order for payment. In the new electronic proceeding, most...

Continue reading →

New European Rules on Data Protection – GDPR

The General Data Protection Regulation (“GDPR”) is the new European data privacy regulation, which comes into force in less than eight ten months on 25 May 2018. Does your business process any personal data such as names, birth dates, photos,...

Continue reading →

Register of Public Sector Partners in the Hands of Experts

Are you a public sector partner? Do not forget to register! In February 2017, the so-called act against shell companies came into force. This introduced the register of public sector partners. From now on, persons acting as public sector partners must be...

Continue reading →

Resurrection of Personal Insolvencies in Slovakia?

New amendment to the Act on Insolvency and Restructuring (“IARA”) came into force on 1 March 2017. It mainly aims to improve legal security in business relationships and address insolvencies of natural persons which are a huge social and...

Continue reading →

Opportunity for suppliers of Jaguar Land Rover but not only for them in Slovakia

The arrival of a new Jaguar Land Rover factory in Nitra, Slovakia represents a huge opportunity for suppliers of Jaguar Land Rover but not only for them. This is the opportunity for automotive suppliers to expand with new subsidiaries...

Continue reading →