Changes to the Law on Commercial Companies include the abolition of limited compensation for unjustified dismissal of management and an increase in the lowest nominal amount of basic capital of a joint stock company.
The new Financial Operations of Companies Act provides guidelines for boards of directors in matters of insolvency and overindebtedness. Duties towards creditors are also outlined.
The new State Aid Control Act aims to ensure that recipients of state aid use the aid in a manner that is consistent with international agreements. A Commission for State Aid Control is introduced for this purpose.
Including: Permitted Company Activities; Company and Members' Liability; Joint Stock Company; Limited Liability Company; Associated Companies; Foreign Companies