Archive for March 2013

In 2009, the Slovak Antitrust Authority (body for protecting competition in the Slovak Republic, hereinafter referred to as the “Authority”) imposed a fine of over ten million euros on three major Slovak banks – Československá obchodní banka a.s., in the amount of EUR 3,183,427, Slovenská sporiteľna, a.s. (hereinafter referred to as “Sporitelna”), in the amount…

From the first of January, the New Civil Code (NCC) will eliminate the dual regulation of contracts for work, which was hitherto unique in the context of European legislation. A single set of legal regulations will newly apply to contracts for work, whether these are based on commercial or non-commercial relationships. Under the New Civil…

In its ruling on case no. 32 Cdo 4470/2010 of 28 November 2012, the Supreme Court addressed the issue of leasing another party’s property and the lessor’s resulting obligation to surrender unjustified enrichment or compensate the owner of said property. In the case in question, a construction company (contractor) had built residential units for a…

On 19 February 2013, the Chamber of Deputies passed a bill concerning certain measures to increase the transparency of joint-stock companies and amending certain other acts (hereinafter referred to as the “Act”). The Act includes the requisite amendments of the Commercial Code, the Securities Act, and the Act on Engaging in Business on the Capital…