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PAS opposed to blacklisting of businessmen involved in bankruptcies

The courts should be used to deal with businessmen who make companies bankrupt by using dirty practices, thinks Slovak Business Alliance (PAS) Executive Director Robert Kičina. He was reacting to the Justice Ministry’s announced intention to introduce a so-called register of disqualified statutory representatives and members of statutory organs of trade companies who have brought companies to bankruptcy. "Just as companies are established, so they also cease to exist as well. It is a common phenomenon in the business environment, and I see no reason to sanction managers of these companies by publishing their names on a kind of blacklist," said Kičina. He added that if a businessman commits a crime that results in a company's bankruptcy, "we have the Penal Code for that."

The courts should be used to deal with businessmen who make companies bankrupt by using dirty practices, thinks Slovak Business Alliance (PAS) Executive Director Robert Kičina. He was reacting to the Justice Ministry’s announced intention to introduce a so-called register of disqualified statutory representatives and members of statutory organs of trade companies who have brought companies to bankruptcy. "Just as companies are established, so they also cease to exist as well. It is a common phenomenon in the business environment, and I see no reason to sanction managers of these companies by publishing their names on a kind of blacklist," said Kičina. He added that if a businessman commits a crime that results in a company's bankruptcy, "we have the Penal Code for that."

Kičina stressed that PAS’ aim is to fight the establishment of such registers. If a businessman is guilty of something we have the courts to pass judgment on that, he said. The Justice Ministry plans to introduce a register to record members and representatives of companies that are made bankrupt. The register will include disqualified statutory representatives and members of statutory bodies of companies that have been made bankrupt. SITA

Compiled by Zuzana Vilikovská from press reports
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