<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

Effects of pandemic legislation on Insolvency Law in the Slovak Republic

Trnava University in Trnava and Ministry of Justice

Wroclaw Review of Law, Administration & Economics

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Effects of pandemic legislation on Insolvency Law in the Slovak Republic"}

The COVID-19 outbreak forced Slovakia to quickly adapt its bankruptcy legislation and introduce temporary measures to alleviate the pandemic’s economic impact....

Effects of pandemic legislation on Insolvency Law in the Slovak Republic

Published Online: Feb 12, 2024

Page range: -

DOI: https://doi.org/10.2478/wrlae-2023-0018

Keywords
COVID-19, moratorium, Insolvency directive, bankruptcy, indebtedness, liquidity gap

© 2022 Martin Maliar, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Effects of pandemic legislation on Insolvency Law in the Slovak Republic

Published Online: Feb 12, 2024

Page range: -

DOI: https://doi.org/10.2478/wrlae-2023-0018

KeywordsCOVID-19, moratorium, Insolvency directive, bankruptcy, indebtedness, liquidity gap

© 2022 Martin Maliar, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
COVID-19, moratorium, Insolvency directive, bankruptcy, indebtedness, liquidity gap