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INSOL Europe/LexisPSL joint project on the implementation analysis of the Directive (EU) 2019/1023 in the EU Member States—Slovakia

Published on: 20 June 2022
Published by: LexisNexis
  • INSOL Europe/LexisPSL joint project on the implementation analysis of the Directive (EU) 2019/1023 in the EU Member States—Slovakia
  • INSOL Europe/LexisNexis research on implementation of the EU Directive
  • Question 1: When did/will the new restructuring law come into force? What is/are the name of the new proceedings which comply with the EU Directive?
  • Question 2: Is court approval automatically required? Is court involvement possible during the course of the proceedings? (for eg, to rule on short notice on conflicts regarding classes of creditors with voting rights, etc…)
  • Question 3: What are the entry criteria (ie must insolvency be proved)? Could you please define the entry criteria under your national legislation?
  • Question 4: Can foreign companies use the process?
  • Question 5: Does the debtor (ie company’s management) remain in possession or is an insolvency practitioner (or any other professional, in that case could you please specify) automatically appointed?
  • Question 6: Is there any moratorium on claims to protect the debtor during the process? What is the minimum and maximum length of the stay?
  • Question 7: Are creditors placed into classes for voting purposes? How are ‘affected creditors’ defined under your legislation?
  • Question 8: What is the voting threshold to approve the restructuring?
  • More...

Article summary

Restructuring & Insolvency analysis: This article looks at how Slovakia has implemented Directive (EU) 2019/1023 as part of the Joint Project between INSOL Europe and Lexis®PSL to track implementation. Written by Dávid Oršula (INSOL Europe’s Country co-ordinator) of bnt attorneys in CEE. or take a trial to read the full analysis.

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