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Domestic Law Keeps Abreast of EU Directives - International Law Office

International Law Office

Company & Commercial - Slovenia

Domestic Law Keeps Abreast of EU Directives

July 12 2004

Shortly after Slovenia's accession to the European Union in May 2004, the Parliament voted in favour of amending the Companies Act 1993. The act was last amended in 2001 in order to implement major changes as required by the European Union. Most of the new amendments implement the EU companies law directives, in particular:

  • the First Council Directive on Coordinating Safeguards;
  • the Third Council Directive on Mergers of Public Limited Liability Companies;
  • the Sixth Council Directive on the Division of Public Limited Liability Companies; and
  • the Eleventh Council Directive on Disclosure Requirements for Branches Opened in Member States.
In addition to the EU amendments, other recent changes include a prohibition on foreign letters in company names and the abolition of the notarization requirement for articles of association of sole-partner limited liability companies. In addition, offences and applicable penalties have been specified in more detail. Amendments incorporating EU Council Regulation 2157/2001 on the Statute for a European Company (Societas Europaes) are expected in Autumn 2004.

For further information on this topic please contact Aleš Lunder or Urška Velikonja at Schönherr Rechtsanwälte by telephone (+386 1 2000 980) or by fax (+386 1 4260 711) or by email (a.lunder@schoenherr.si or u.velikonja@schoenherr.si).

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