Articles
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Why a notary cannot register what they prepared themselves
Among the provisions of the new Commercial Register Act is one that may at first seem like an unnecessary complication: a notary who prepared your registration documents cannot register your matter in the Commercial Register. This rule, however, is based on a specific experience, and its purpose is to protect the very person it appears to restrict.Open article
Transformations of commercial companies and the form of the transformation plan
The merger of two companies, the separation of part of a business or a change of legal form have been governed since 1 March 2024 by Act No. 309/2023 Coll. on Transformations of Commercial Companies and Cooperatives. This legislation brought together provisions previously scattered throughout the Commercial Code and introduced a formal requirement whose omission can disrupt the entire transaction timetable.Open article
Notarial escrow of the purchase price when transferring a business share
Notarial escrow of money is discussed in Slovakia almost exclusively in connection with property transfers. Yet it addresses the same problem when a business share is transferred, usually involving considerably larger sums and greater uncertainty for both parties.Open article
Advance payment for liquidation and notarial escrow
Dissolving a company today is administratively more demanding than establishing one. One of the first requirements is to deposit an advance payment for liquidation in notarial escrow, even before the company’s entry into liquidation and the identity of the liquidator are entered in the Commercial Register.Open article
Inheritance of a business interest and succession in a company
Planning for succession is among the matters business owners put off, reasoning that there is still time. Yet one sentence in the company's articles of association and one document drawn up by a notary are enough to prevent the company from remaining in legal uncertainty for months after a shareholder's death.Open article
Law
Notarial deed as an enforceable title in commercial relationships
If a debtor fails to fulfil an obligation, the creditor’s usual route is through court proceedings — a claim, the taking of evidence, a judgment, the judgment becoming final, and only then enforcement. However, the legal system provides an instrument that makes it possible to bypass this stage. To use it, it must be considered while the contractual relationship is still trouble-free.Open article
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