Justice Ministry proposes registry of shady corporate leaders

A new law being drafted by the Justice Ministry would establish a registry of corporate leaders that led their companies into bankruptcy, the TASR newswire was told by ministry spokesman Michal Jurči on July 28.

A new law being drafted by the Justice Ministry would establish a registry of corporate leaders that led their companies into bankruptcy, the TASR newswire was told by ministry spokesman Michal Jurči on July 28.

"Skilfull lawyers and economists are able to arrange a successful crash in order to make it look as though nobody was responsible. At the same time, salaries aren't paid, and suppliers don't receive money for services already carried out," reads a statement from Justice Minister Štefan Harabin.

Harabin said the public would be able to use the registry to find names of corporate figures who acted dishonestly in the past.

"It will usually concern companies that have announced bankruptcy, and whose statutory representatives have conducted illegal actions ... violated their obligations, when submitting financial statements, for example, or committed crimes when setting up, managing or liquidating a company.”

The ministry is set to submit the draft for comments in August. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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