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Ellex

ROOSIKRANTSI 2, 10119 TALLINN, ESTONIA
Tel:
Work +372 6 40 7170
Fax:
Fax +372 6 40 7171
Email:
Web:
www.ellex.ee
Riga, Tallinn, Vilnius

Sven Papp

Tel:
Work +372 640 7170
Email:
Ellex

Work Department

Head of Transactions and Corporate Advisory Practice Group.

Position

Partner.

Career

Since 1994 Partner, Ellex Raidla; 1995-1998 General Counsel of Swedish Match East Europe (Stockholm); 1992-1994 Law Office Sven Papp and associated legal counsel of SIAR Bossard Management Consultants (Stockholm); 1991-1992 Legal Counsel to the Ministry of Economy and Tallinn Chamber of Commerce and Industry; 1990-1991 White & Case (New York and Stockholm); 1989 Height Gardner Poor & Heavens, currently Holland & Knight (New York); 1986 – 1989 Tallinn II Legal Advisory Office.

Languages

Estonian, English, Finnish, Russian.

Member

Member of the Expert Council of Independent Legal Profession and Insolvency Law at the Ministry of Justice; Member of European Corporate Governance Institute (ECGI); since 2002 Member of Listing and Supervisory Committee of Tallinn Stock Exchange; since 1987 Member of Estonian Bar Association.

Education

1991 LL.M, Stockholm University, Master Program at Law Faculty on Private Law and Comparative Law, 1986 Law degree, University of Tartu, Estonia.


Estonia

Commercial, corporate and M&A

Within: Leading individuals

Sven Papp - Ellex

Within: Commercial, corporate and M&A

Ellex is ‘among the very best in Estonia and always provides an excellent service within agreed timescales’. The highly regarded team advised Trilini Energy on its €70m acquisition of Estonia's gas utility company Eesti Gaas and the ‘very professionalRisto Vahimets routinely assists Sportland International Group with corporate matters. The ‘flexibleSven Papp stands out for his ‘breadth of knowledge’. Martin Käerdi is also noted.

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Tax

Within: Tax

Sven Papp heads the department at Ellex, which is ‘very business-orientated and customer friendly’. The team has a ‘detailed knowledge of tax law and rules’ and provides local and international tax advice. Highlights included representing the Estonian Chamber of Commerce and Industry in filing a claim against the Estonian government. Saturn Investments, East Capital and Maag Group are also clients. Tõnis Vahesaar is a name to note.

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Legal Developments by:
Ellex

  • BALTIC ARBITRATION & LITIGATION NEWS

    Inside this issue:  Latest case law in labour matters Protection of proprietary in-terests of a company at the European Court of human rights — why not? Assessing the transfer of an undertaking NEWS – ANNOUNCEMENTS – EVENTS
    - Lepik & Luhaäär LAWIN

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Korean Financial Regulators Advance Legislation to Introduce Regulatory Sandbox to Spark FinTech

    The 2018 year in review in Korea was notable for the sluggish overall economy, uncertainty surrounding the geo-politics and impact on Korea due to the global trade wars, on-going concerns related to the lack of jobs and unemployment, increased taxes and burdens for businesses and families, and no meaningful improvement or clarity in the current situation for 2019. In response, the Korean National Assembly passed a legislation called the Financial Innovation Support Act (the “FinISA”) on December 7, 2018 to spark the financial services industry in conjunction with FinTech products and services. The FinISA, which will soon take effect in March 2019, is intended to lay the legal foundation to introduce a regulatory sandbox for innovative financial services, where FinTech firms test their new products and services without certain regulatory oversight pursuant to exemptions for a limited period of time (“Sandbox”). As the FinISA exempts or defers application of existing finance-related regulations for new financial technology, products or services with the purpose of fostering the creation of innovative and new financial products and services, it will also support the stabilization of such services in the financial services market at the end of the testing period and is expected that the FinISA will support a revitalization of the FinTech industry which experienced sluggish growth in recent times. In particular, as companies and investors become more interested in security tokens and Security Token Offerings (“STO”) which are regulated by the Financial Investment Services and Capital Markets Act (the “FSCMA”), there have been on-going discussions and debates as to whether the FinISA could lead to a breakthrough in the crypto-asset industry based on blockchain technology. Crypto assets encompasses those assets which utilize blockchain technology where the asset is digitalized by utilization of cryptography, peer-to-peer networks and a public ledger of verified transactions resulting in a ‘units’ of such a crypto asset without any involvement by middle-persons or brokers (e.g., cryptocurrency.
  • DISMISSAL AT NISSAN AND WORKPLACE CRIME PREVENTION

    The sacking of Nissan’s high-profile chairman may have beenproof that nobody is infallible. But Nicola Sharp argues that it should also beseen as an indicator that no company can be considered safe from wrongdoing.
  • 2018 FCPA Enforcement Actions and Highlights

    Overall, 2018 was a more active year in terms of Foreign Corrupt Practices Act ("FCPA") enforcement actions compared to 2017.
  • Legality of advertising with statements on the effects of medical treatments

    Advertisements featuring statements on the effects of medical treatments are only permissible if they are supported by sound scientific evidence. This was reaffirmed by the Oberlandesgericht (OLG) Frankfurt, the Higher Regional Court of Frankfurt.
  • Sayenko Kharenko announces new partner promotion

    Sayenko Kharenko announces new partner promotion
  • ECJ – Distinctive character necessary for registration as EU trade mark

    For a sign to be capable of being registered as an EU trade mark, it must be distinctive across the entire European Union. This was confirmed by the Court of Justice of European Union (ECJ) in a ruling from 25 July 2018.
  • Supporting local and international charitable organizations

    As one of the leading law firms in Cyprus, we are active promoters and supporters of local economic growth by sponsoring local events, applying environmental-friendly practices, minimizing our ecological impact, and most importantly, by raising money for local charities and non-profit organizations.
  • BAG – Employers can claw back bonus payments

    The Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, confirmed in a recent ruling that employers can claw back collectively agreed bonus payments from employees under certain circumstances.
  • Stricter supervision in relation to the Scheme for Naturalisation of Investors in Cyprus by Exceptio

    Recently there were a lot of publications within the European Union expressing concerns about the allegedly very high number of Cypriot passports being given to foreign investors the last few years. The Council of Ministers has decided on 9th January 2018 with the decision with number 84.069, to impose a stricter supervision of all the parties involved in the Scheme for the naturalisation of non-Cypriot investors in Cyprus by exception.
  • 19% VAT on Plots

    In order to harmonize the  Acquis Communautaire on the Taxation of untapped and undeveloped plots of land, the Cyprus Government enacted, on 03/11/2017, relevant legislation for the imposition of 19% Value Added Tax (VAT) on these properties, with a date of enforcement being 02/01/2018. The relevant legislation refers to plots/pieces of land offered and/or provided for construction for economic purposes.