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Important Changes in Slovak Corporate Law

Important Changes in Slovak Corporate Law

Slovak Corporate Law is a living organism – the legislator frequently amends the Commercial Code as a reaction to current issues of corporate law. The latest Commercial Code Amendment has introduced changes that may influence many businesses. The most important changes are highlighted in this article.

Discount for Defects

Discount for Defects

The statutory regulation of claims arising from defective piece of work appears to be clear. Should the defects represent a material breach of contract, the injured party can choose from several applicable remedies, such as repair of defects, price discount or withdrawal from the contract.

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