Examples of Slovak Commercial Code in a sentence
Under the Slovak Commercial Code, all companies are required to create a legal reserve fund to cover losses.
Under the Slovak Commercial Code, all companies are required to maintain a legal reserve fund to cover future adverse financial conditions.
According to Section 13(4) and 133(3) of the Slovak Commercial Code (Act No. 513/1991 Coll., as amended), any restriction of the authority of a company’s statutory body to act for the company shall be ineffective vis-à-vis third parties (any disclosure of that restriction notwithstanding).
Unless agreed otherwise in this contract, legal relationships which arise from this contract shall be governed by the applicable provisions of the Slovak Commercial Code No.513/1991 Col.
Legal reserve fund Under the Slovak Commercial Code, all companies are required to maintain a legal reserve fund to cover future adverse financial conditions.
PROCURATIONAccording to Article 14 of Slovak Commercial Code (Journal of Laws No. 513/1991) the Board of Directors of Asseco Central Europe, a.
Anything herein to the contrary notwithstanding, the obligations of a Foreign Borrower organized under the laws of Slovakia under this Agreement or any other Loan Document shall not include any payment undertaking, obligation or liability to the extent such payment undertaking, obligation or liability would result in the infringement or circumvention of the provisions on capital maintenance set forth by Slovak Law (in particular Section 123(3) of the Slovak Commercial Code).
Legal reserve fund Under the Slovak Commercial Code, all companies are required to maintain a legal reserve fund to cover future losses.
Anything herein to the contrary notwithstanding, the obligations of a Foreign Borrower or Foreign Guarantor of Payment organized under the laws of Slovakia under this Agreement or any other Loan Document shall not include any payment undertaking, obligation or liability to the extent such payment undertaking, obligation or liability would result in the infringement or circumvention of the provisions on capital maintenance set forth by Slovak Law (in particular Section 123(3) of the Slovak Commercial Code).
Decisions on quota changes are taken by the IMF Board of Governors, based on recommendations by a Quota Review Committee, and require an 85 percent majority of total voting power in the IMF.