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Awards & Deals


  • (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 Government Regulation on the Conditions for Granting Regional Investment Aid


The recently adopted Government Regulation specifies new conditions for granting regional investment aid and establishes the maximum intensity and amount of investment aid in the regions of the Slovak Republic.

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The Government of the Slovak Republic has approved a regulation which, with effect from July 1, 2018, determines the details of the conditions for granting regional investment aid under new Act No. 57/2018 Coll. on Regional Investment Aid and on the Amendment and Supplementation of Certain Laws, as amended (hereinafter the Act), effective from April 1, 2018. Investment aid within the meaning of the Act means aid to support the implementation of an investment project in industrial production, a technology center or a business services center.

For the purposes of setting the minimum conditions for granting regional investment aid in the form of a contribution to newly created jobs and industrial production, the Regulation introduces the classification of the districts of the regions of the Slovak Republic into four zones A through D. The districts are divided into zones according to the comparison of the unemployment rate in the district of the principal place of realization of the investment project for a specified period with the weighted average of the  unemployment rate in the district of the principal place of realization of the investment project for a specified period and the unemployment rates in the neighboring districts for the same period. Each district is ranked in zones A through D according to the higher of the values compared.

The regulation further defines the priority areas of supported investment projects. For example, investment projects implemented in priority areas of enterprise service centers include investment projects that are exclusively and directly aimed at providing centralized corporate, finance and IT support services and creating knowledgeable job positions with higher added value and for which there is a low risk of automation. Some forms of investment aid are provided only for investment projects in priority areas.

Pursuant to the Act, one of the conditions for granting regional investment aid is the realization of the investment plan in the principal place of implementation of the investment project, i.e., the place where the establishment of the recipient of investment aid is situated. However, the regulation permits exemptions from the above-mentioned condition in the case of an investment project carried out in industrial production where the recipient of investment aid is entitled to locate part of the procured machinery, devices and equipment in a supplementary site of realization of an investment project, which is specified in the Act.

Last but not least, the Regulation specifies the maximum intensity and amount of investment aid for a given investment project, depending on the amount of eligible costs.

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Amended provisions of the Commercial Code from last year will soon come into force


New provisions of the Commercial Code on the establishment of a limited liability company, on the transfer of interest in a limited liability company and on the deletion of a company from the commercial register will become effective on September 1, 2018.

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The amendment to Act No. 513/1991 Coll., the Commercial Code, as amended, adopted in October 2017, brought about a number of changes, the last of which will enter into force on September 1, 2018.

The ownership interest holder of a limited liability company will not be able to transfer interest to another ownership interest holder or another person if the company is in liquidation proceedings, if the company is dissolved by court or by court order or if bankruptcy or a restructuring proceedings against the company are commenced.

In the event of a proposal for the registration of a change in the ownership interest holder of a limited liability company in the relevant commercial register, the company will be required to obtain the consent of the tax administrator only in cases when a majority interest is transferred and either the transferor or the acquirer of the interest is a local person or entity on the list of tax debtors.

The process of setting up a limited liability company will be simplified by not always having to obtain consent in relation to tax arrears vis-à-vis the state, but only in cases in which the company is to be established by persons on the list of tax debtors or the list of debtors of the Social Insurance Company.

As of September 1, 2018, a proposal for the deletion from the commercial register of a company which is not cancelled without liquidation with a legal successor must be accompanied by the consent of the relevant tax administrator and the approval of the Social Insurance Company with the deletion of the company. However, this obligation will only exist if the company is on the list of debtors of the Social Insurance Company.

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