18 results found

On 28 June 2004, the Estonian Parliament passed the Telecommunications Act Amendment Act.

When approving the annual report, reviewing the terms of office of supervisory and management board members and auditors, and extending these, if necessary, is advisable.

On 12 January 2005 the Estonian Parliament (Riigikogu) adopted the Act on Involving Employees in Activities of Community-scale Undertakings, Community-scale Groups of Undertakings and European Companies.

Our experience shows that many management board members are still performing their duties on the basis of an employment contract instead of a proper management board member agreement.

Corporate taxation operates within complex legal and economic ecosystems where businesses evaluate far more than tax rates when choosing where to incorporate.

On 14 September 2005 the Estonian Parliament (Riigikogu) adopted a resolution approving the Estonian National Sustainable Development Strategy "Sustainable Estonia 21".up to 2030. The strategy pursues a holistic approach to society and does not deal with problems in specific areas.

The suitability assessment of a member of the management body is a crucial part of a financial institution's licensing process.

On 19 October 2005 the Estonian Parliament (Riigikogu) adopted the Electronic Money Institutions Act

An overview of recent legislative developments in Estonia

In the beginning of 2006 the Estonian Minister of Justice initiated a new activity plan, which sets clear goals in thirteen domains of commercial law based on feedback from entrepreneurs in order to simplify a number of operations and thus increase legal certainty and economic turnover in Estonia.

The Electronic Money Institutions Act entered into force on 1 January 2006.

Estonian Legal Developments

On 1 January 2006 extensive amendments to the Estonian Commercial Code (hereinafter: <B>CC</B>) entered into force, which <I>inter alia</I> deal with the foundation of a company; the principles regarding the general meeting of shareholders of a company and meetings of the management board and the supervisory board; the liability of members of management bodies; remuneration of members of management bodies; the pledging of shares of a private limited company; and the procedure for transformations

Aku Sorainen, founding partner of WLG | summit Riga '25 host firm Sorainen, shared the firm's journey and strategic vision, followed by a panel of regional leaders who explored the Baltics' broader economic transformation and international impact.

The Corporate Governance Recommendations (hereinafter „Recommendations") are intended first and foremost for the companies whose shares have been admitted to trading on a regulated market operating in Estonia (issuers, except for investment funds registered as public limited companies).

A cartel is a collusive arrangement between competing firms designed to limit or eliminate competition between them, with the ultimate goal of controlling prices and increasing profits of the participating companies.