Reducing the administrative burden of corporate sustainability reporting

The Ministry of Finance of the Slovak Republic is preparing amendments to the Accounting Act and the Statutory Audit Act in response to the supplementary transposition of an EU Directive, which reduces the requirements for corporate sustainability reporting and certain corporate sustainability due diligence requirements. Following an assessment of the significant administrative burden associated with…

Abolition of the Ban on Company Chains Simplifies the Creation of Holding Structures

From 17 August 2026, the prohibition on company chains will be removed from the Commercial Code. Since 2002, this prohibition has restricted the ownership structure of limited liability companies. The original purpose of this regulation was to prevent improper chains of single-member companies. However, in practice, this restriction proved ineffective and easy to circumvent. For…