As a result of recently enacted COVID19-related legislation in Slovenia, referred to as “ZIUOPDVE”, companies are now permitted to carry out general meetings without the requirement of the physical presence of shareholders or their proxies. Shareholders can participate by electronic means or the general meeting can be held virtually. This applies for general meetings convoked before the enactment of the new legislation (i.e., before 28 November 2020) and shall remain available as an option until the official revocation of the declared state of the COVID-19 epidemic in Slovenia. While the rules are intended to facilitate general meetings during the pandemic, they limit the shareholders’ right to ask questions.
We have provided a detailed breakdown of the new legislation along with our recommendations for companies, given in particular the limitation on shareholders’ rights.