THE BUSINESS Alliance of Slovakia (PAS) has called on Slovak authorities to carry out a thorough and systematic reform of the judiciary, which they called ineffective and, thus, the biggest barrier to improving the business environment in Slovakia.
In an official statement, the PAS argued that the need for these systematic changes was shown in various surveys on the quality of judicial services. Referring to a 2004 World Bank study, the PAS wrote that the legal enforcement of a contract takes 420 days in Slovakia, while the same can be achieved in just 74 days in Lithuania, the state run TASR news agency wrote.
Bankruptcy procedures, meanwhile, can take as long as 4.8 years in Slovakia - compared to 1.2 years in Lithuania. Moreover, Slovak law states that the procedure should take no longer than 18 months, but a breach of the deadline is not punished.
29. Mar 2004 at 0:00 | From press reports