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CORPORATE LAW
M&A

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Banking, Finance
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Real Estate
& Construction

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Energy, Infrastructure
& Transport

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Awards & Deals


  • (IFLR 1000 2019, Slovakia)

    The IFLR1000 guide ranked HKV in the categories Banking and finance, Project development and M&A for the year 2019.

  • (Law Firm of the Year 2018, Slovakia)

    HKV became the absolute winner in the category Mergers & Acquisitions of the competition Law Firm of the Year 2018.

  • (Law Firm of the Year 2018, Slovakia)

    HKV was ranked among the „highly recommended“ and „recommended“ law firms in the categories Corporate Law, Developer Projects and Real Estate, Banking and Finance, Completion and Restructuring & Insolvency.

  • Law Firm of the Year 2017, Slovakia

    HKV named as the “highly recommended law firm” in seven categories of the competition Law Firm of the Year 2017: Corporate Law, Competition, Developer Projects and Real Estate, Mergers and Acquisitions, Banking and Finance, Employement and Public Procurement.

  • Legal 500 2017, Slovakia

    Legal 500 guide for the year 2017 identified HKV in five ranking categories: Banking, Finance & Capital Markets; Commercial, Corporate and M&A; Employement; Projects and Energy and Real Estate and Construction.

  • IFLR 1000 2017, Slovakia

    “They have deep knowledge in all areas, provide quick reactions and deliveries and have done a good job recently,” says a client who worked with the firm on project finance.

  • Chambers Europe 2017, Slovakia

    HKV ranked by the Chambers Europe 2017 in the categories Banking & Finance, Corporate/M&A, Employment, Energy, Real Estate and Restructuring/Insolvency.

  • Chambers Europe 2017, Slovakia

    Peter Víglaský is admired by clients and highlighted for his "excellent knowledge of the international environment."

  • Chambers Europe 2017, Slovakia

    Well known as a practitioner who "makes deals happen," Roman Hamala is appreciated by his clients, who say: "He can anticipate future problems and avoid them or provide solutions before we ask."

  • Chambers Europe 2017, Slovakia

    Martin Kluch impresses clients with his "pro-deal" attitude. He is described as "technically very good, very pragmatic and personable. We get clear answers from him. He provides business-oriented advice."

  • IFLR 1000 2017, Slovakia

    The IFLR1000 guide ranked HKV in the categories Energy and Infrastructure and Financial and Corporate for the year 2017.

  • IFLR 1000 2017, Slovakia

    „The approach that we have experienced was client friendly, pro-active and practical,” says a client from the energy industry.


News



New rules for public joint-stock companies


Newest amendment of the Commercial Code should bring an extension of shareholder rights in public joint-stock companies.

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The National Council of the Slovak Republic approved the draft amendment to the Commercial Code Amendment in the first reading. The draft, submitted by the Government of the Slovak Republic, transposes an amendment to the European Directive on the incentivizing of long-term shareholder engagement. Although the original Directive eased operations of shareholders, including shareholders, who due to their distance cannot physically attend general meetings, this amendment should grant even more powers to the general meeting.

Shareholders will now have the right to receive information about voting and the counting of the votes on each agenda item of the general meeting from the company. Shareholders who vote electronically will receive a vote confirmation from the company.

Another change relates to the approval of remuneration rules for company organs. According to the current rules, this authority can be transferred from the general meeting to the supervisory board; however, pursuant to the new rules, only the general meeting of a joint-stock company which publicly sells its shares has this authority.

These joint-stock companies will have to draw up these rules according to criteria set by the law; in other words, they will have to be composed of all of the provisions established by the law and they will have to be published on the company’s website. The rules can be in force for up to 4 years, after which the general meeting will have to adopt new remuneration rules. Also, the board of directors will have to submit a remuneration report to the general meeting each year.

In addition, joint-stock companies will be required to have legally defined material commercial transactions approved by the general meeting. Notifications of these transactions will have to be submitted to the Collection of documents.

The amendment should enter into force on June 1, 2019.

Please contact us for more information


Simplified use of certain public documents in the EU


As of February of this year, the process of using certain public documents within the countries of the European Union has been simplified by new European regulation.

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On 16 February, 2019, Regulation (EU) 2016/1191 of the European Parliament and of the Council of 6 July 2016 on promoting the free movement of citizens by simplifying the requirements for presenting certain public documents in the European Union, and amending Regulation (EU) No 1024/2012, repealing the obligation to obtain apostilles for certain public documents issued by the EU Member States for their further use in the European Union, enters into effect.

The use of public documents (decisions, certificates and other documents issued by state authorities) abroad is often subject to apostillization or superlegalization. Apostillization, which is effective for countries that are parties to the relevant international convention (including all EU Member States), means that all official documents needto be submitted for verification to a superior state authority (in principle, the competent ministry in the Slovak Republic) and only then may it be used abroad (accompanied by a  translation). If the documents are used in a country that is not a party to the convention (e.g., Canada), superlegalization is required, followed by verification at the Ministry of Foreign and European Affairs of the Slovak Republic and at the representation office of the recipient country in addition to the superior state authority.

The above European regulation relieves European citizens of the obligation to obtain an apostille for some of the documents issued by EU Member States’ authorities for their further use in the European Union.  For example, this applies to a document from the Slovak Republic used in Germany or vice versa).

The regulation mainly concerns registry documents, court decisions regarding family matters (divorce, invalidity of marriage, parenting, adoption), permanent residence certificates, nationality certificates and clean criminal records (records with offences remain subject to apostillization). These documents can be used after their translation in another EU Member State ipso iure.

In addition, registry documents, residence permits and criminal records to be used in another EU Member State do not need to be accompanied by a translation.  Instead, a multilingual form must be requested together with the document in which the necessary data labels are translated into the official languages of all EU Member States.

Please contact us for more information

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