Effects of pandemic legislation on Insolvency Law in the Slovak Republic

Maliar Martin ()
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Maliar Martin: Faculty of Law, Trnava University in Trnava and Ministry of Justice

Wroclaw Review of Law, Administration & Economics, 2022, vol. 12, issue 2, 1-11

Abstract: The COVID-19 outbreak forced Slovakia to quickly adapt its bankruptcy legislation and introduce temporary measures to alleviate the pandemic’s economic impact. However, the uptake of these pandemic-specific insolvency provisions remained modest, possibly due to extensive government financial support. As the pandemic wanes, future economic challenges, such as rising inflation and interest rates, may test the durability and effectiveness of these legislative adjustments. This period of regulatory adjustment underscores a broader shift in insolvency laws, signalling a shift towards prioritising business continuity and value in the face of economic crises.

Keywords: COVID-19; moratorium; Insolvency directive; bankruptcy; indebtedness; liquidity gap (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:wrolae:v:12:y:2022:i:2:p:1-11:n:1005

DOI: 10.2478/wrlae-2023-0018

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