Proposed amendment to the Companies Act
The Ministry of Economic Development and Technology has prepared a draft act proposal amending and supplementing the Companies Act (hereinafter “Amendment ZGD-1L”). The draft is currently in a one-month public release, which means that the public can submit comments and possible proposals by 18 July 2022 at the latest.
The aim of law amendment ZGD-1L is primarily the harmonization of Slovene legislation with European legislation, namely with the EU Directive 2018/1151 (i.e. the Digitalization Directive) and EU Directive 2019/2121 (i.e. the Mobility Directive).
The implementation of the Digitalization directive will provide a legal basis and rules for the online establishment of capital companies, the registration of branches and the entry of documents and information by companies and branches also for cross-border users to the Slovenian legislation.
On the basis of the implementation of the Mobility Directive we will supplement the existing provisions for cross-border mergers and implement new rules on cross-border divisions and cross-border restructurings of capital companies, which have not been regulated until now.
How EY can help?
At EY we keep track of all legislative changes, legal and tax related. We can help you to prepare for such changes and determine possible effects of proposed changes.
We can also help you with the commenting process regarding the above-mentioned draft act proposal amending the Companies Act.
