Failure to comply with the obligations under the Public Sector Partner Register Act may result in financial penalties, removal from the register, and criminal liability. Find out why registration in the Public Sector Partner Register is a prerequisite for obtaining public funds and successfully participating in public procurement.
The Act on the Register of Public Sector Partners allows for the imposition of penalties on a public sector partner and its statutory body or its members, the ultimate beneficiary, and the authorized person, for failure to fulfill their obligations under the Act, which may include monetary penalties, and may also decide to remove the public sector partner from the register, which may result in the termination of the contract with the public sector entity, and in some cases even lead to criminal liability.
In conclusion, it is essential to note that without the public sector partner’s registration in the registry, it is not possible for a person to obtain funds or assets from public sources or to successfully participate in public procurement as a supplier of goods or services. When ensuring registration in the public sector partner registry, consult qualified experts who will ensure the professional and seamless fulfillment of your obligations.
Author: Law Firm of JUDr. Róbert Hronček, s.r.o. (www.partnerverejnehosektora.sk)
