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TRANSFER OF BUSINESS INTEREST, COMMERCIAL REGISTRY

(Judgement of the Supreme Court of the Slovak Republic dated 27 March 2002, file No. Obdo V 7/2001, published in the Collection of Opinions of the Supreme Court and Decisions of Courts of the Slovak Republic No. 2/2003)

By effectiveness of an agreement on transfer of business interest towards a company, the Memorandum of Association of the company is amended by operation of law and no other legal steps are required for this amendment.

A verdict of the judgement, by which it is decided on determination that the petitioner is a shareholder of a business company, must contain information on the amount of its contribution registered in the Commercial Registry, otherwise this judgement is not enforceable.


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