Slovakia Collection Profile

slovakia-bnr

 

Collecting in Slovakia

  • The payment behavior of domestic companiesis quite good, however according to the data for 2016, companies or entrepreneursin Slovakia pay after the due date in 27% of cases.

  • The legalsystem suffersfrom a persisting lack of trust in the rule of law, while the legal processis overly slow. Domestic debtors often use the system to delay legal proceedings and enforcement attempts as much as possible.

  • Debt restructuring mechanisms may help collect debts, but overall recovery chancesremain extremely low when legal proceedings have been delayed and the debtor has become insolvent.

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    slovakia

    Slovakia

    Collection complexity

    Severe-2


    Collection relating to

    Payments
    $-1
    Court
    proceedings
    Gav-3
    Insolvency
    proceedings
    Arrow-4
     

    Slovakia

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