Securitization of Liabilities in Slovak Bussiness Law

Abstract:

Towards ensuring the fulfillment of the commitments has been devoted extraordinary attention because it is not only the most important but also the most effective way of protecting the participants in the commitments. We can talk about the general safeguarding of obligations, which traditionally gives the right of obligation under all of its provisions. The most important means of protection are thus sanctions for non-fulfillment of the obligation, as well as the possibility to claim protection of their rights, that is compliance with the obligation by the courts. The legal liability insurance institutions in the Slovak legal order are regulated by Act no. 40/1964 Coll. in Civil Law, as amended, as well as in Act no. 513/1991 Coll. Commercial Code as amended. However, the subject of this contribution is the commercial law enforcement of institutions existing in the Slovak legal order. The subject of the survey is commercial law with some overlaps into civil law. However, it also has an impact on financial management and economics.