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MP Lipšic says proposed strategic enterprise law is totally different

MPs are discussing a totally different legislative proposal concerning strategic enterprises compared to the version originally submitted to parliament, Christian Democratic Movement (KDH) MP Daniel Lipšic said at the start of the parliament on November 5, the TASR newswire reported.

MPs are discussing a totally different legislative proposal concerning strategic enterprises compared to the version originally submitted to parliament, Christian Democratic Movement (KDH) MP Daniel Lipšic said at the start of the parliament on November 5, the TASR newswire reported.

The adjustments suggested a day earlier by Economy Minister Ľubomír Jahnátek and Movement for Democratic Slovakia (HZDS) chairman Vladimír Mecčiar were made to the proposal during negotiations that took place in parliamentary committees, TASR wrote.

According to Lipšic, the proposed law in the adjusted version is only a roundabout amendment to the Bankruptcy Act and it will wreak havoc if it comes into force. He also asked Jahnátek why the bankruptcy proceedings of an enterprise designated as strategic must be mediated by the state. HZDS MP Jozef Halecký claims that MPs should find the revised bill more understandable.

Jahnátek announced that ten modifications are to be inserted into the original draft presented last week. The bill should also contain a provision on an option to buy into a problematic strategic company for market price. The kind of enterprises that will be described as strategic companies will also change.

The draft proposal states that if a strategic company gets into trouble and finds itself under the threat of an untimely bankruptcy that could have serious repercussions for other sectors, the government can intervene and apply the principle of the right of first refusal. This measure would be aimed at stabilising the company, which would be subject to public offer at a later date to the business sector. TASR

Compiled by Zuzana Vilikovská from press reports
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