Imagine: You own 100% of a company and have a long-term employee with whom your cooperation has proven so successful that you have decided to transfer a 49% ownership interest to them. This is a minority interest because it does not meet the conditions of Section 115(8) of the Commercial Code for it to be a majority interest. What
MERGERS, also referred to as mergers by absorption, mergers by combination or divisions of companies. Have you ever heard that companies can merge, combine, or even divide? This involves the transformation of companies, which takes place without the need to liquidate the company or companies. MERGER, i.e. A + B =
Chief Executive Officer CEO – an abbreviation that has become established in Slovakia as well. It generally refers to the person responsible for the management and commercial leadership of a company. In Slovakia, this is usually the managing director (in a limited liability company). ▪️But what are the general conditions for appointment to the position
Due diligence (also called legal due diligence, pre-acquisition due diligence, etc.) is an essential part of the transaction process. The objective of the party conducting the due diligence is to identify those issues that it considers material for its purposes. We deliberately use the term “party conducting the due diligence” because DD can be carried out
Conducting legal due diligence of one’s own company (by the company’s owners). Also known as Vendor’s due diligence. Even in the Slovak business environment, company owners have begun to realize that preparing their own company for an offer (for sale) is an important factor in the successful sale of their business.
Change of legal form A joint-stock company is often described as a more lucrative, more anonymous form of doing business, and more stable in the eyes of investors. For selected types of business activities, the applicable law may directly require the company to exist in the form of a joint-stock company (e.g. a management company pursuant to Section 27(1) of the Act