KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER SLOVAKIAN LAW -

1. Presentation of the bankruptcy/insolvency/rehabilitation proceedings in the Slovak Republic and their main differences.

Generally, under Slovak law, every subject is required to prevent bankruptcy, irrespective of whether it is a legal entity or a natural person, a businessperson or a non-entrepreneur. If the debtor is in danger of defaulting, it is obliged to accept without undue delay proportional and appropriate measures to avert loss....