Právní novinky
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Bulgaria introduces stabilization proceedings
A chance for companies to avoid insolvency proceedings Stabilization proceedings are instituted for a trader who finds that the threat of insolvency is imminent on looking at payment deadlines over the next six months. By giving the affected business a chance to reach agreement with creditors, the newly
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In insolvency proceedings a claim by a pledgee continues to enjoy preferential status when property seized is sold before bankruptcy was declared in enforcement proceedings
The Supreme Court of Estonia has answered a question not previously regulated in Estonia as to how the insolvency proceedings of a debtor affect satisfaction of a claim by a pledgee. In particular, this concerns the situation where property seized is sold in enforcement proceedings but the debtor is declared
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Money transfers between the shareholders and the company
Capital Fund. In Slovakia, up until recently, there were two common ways shareholders could invest money into a company. Either the shareholders increased the company’s registered capital, or they provided a loan to the company. Numerous experts have discussed an additional third possibility – shareholders might invest the money in
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Health-related data under the GDPR
How can the pharmaceutical, medical device and healthcare sectors collect health-related data properly? Pharmaceutical and medical device companies, along with the healthcare sector, select a variety of sensitive personal data. This means they have to observe special rules for processing health-related data under the General Data Protection Regulation (GDPR), which
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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 company can only be satisfied from company assets, whereas the