Spectator on facebook

Spectator on facebook

Tipos withdraws its restructuring proposal from court

The management of Slovakia’s national lottery company, Tipos, decided to withdraw the restructuring proposal it submitted to Bratislava I District Court earlier this month, the TASR reported, based on information from Tipos spokesman Rastislav Čépe on May 18.

The management of Slovakia’s national lottery company, Tipos, decided to withdraw the restructuring proposal it submitted to Bratislava I District Court earlier this month, the TASR reported, based on information from Tipos spokesman Rastislav Čépe on May 18.

That decision came after the Constitutional Court on May 13 accepted a motion from Tipos in which the company claimed that its fundamental commercial law rights had been violated.

"Although Tipos has been found to be in a state of imminent bankruptcy, based on the recent facts and circumstances in place after the restructuring report has been worked out, there's no such threat anymore," explained Tipos general manager Miloš Ronec.

After receiving the proposal last week, the Constitutional Court postponed the execution of a Supreme Court verdict from November 30, 2010 that Tipos should pay more than €14 million to one of its creditors, a Cypriot-based company called Lemikon Limited, due to unauthorised use of a trademark.

Tipos had been seeking restructuring to gain protection from its creditors whose claims it says are bogus.

Source: 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.

Top stories

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo