An annual audit is not merely a statutory obligation and an additional burden. It is also an opportunity to gain a clear picture of your company’s financial position and confidence that its processes are working as intended.
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The Ministry of Justice and Digital Affairs has prepared an extensive draft act amending the Commercial Code and other legislation. Its aim is to make the incorporation and management of companies and registry procedures more flexible, while also resolving issues that have caused disputes in practice.
We have prepared a comprehensive overview of European employment law, providing insight into the employment law frameworks across 15 key European jurisdictions. It is designed to help international employers better understand the regulatory landscape in different markets and the practical requirements that come with it.
According to the Employment Contracts Act, there are two grounds for cancelling an employment contract: ordinary and extraordinary. The easiest option is agreement between the parties, but what are the other options? How to dismiss someone who drinks on the job? Read more from our legal manager Kristel Tiits's article.
Start-ups are playing an increasingly important role in the Estonian economy – about 550 start-ups are operating in Estonia, paying more than 3,700 people an average of around 2,200 euros a month in earnings, and employing hundreds of people outside Estonia.
Organisations and companies that are required by law to conduct an internal audit often ask: is it more economical to establish an internal position at the company or outsource internal audit service?
A situation where a company gives or guarantees a loan to a shareholder, partner or board member comes up all the time. Yet the Commercial Code does set out restrictions on granting loans. I will discuss some of the most likely problems and potential tax risks below.
The midsummer holidays of St. John’s Day and Victory Day are getting closer and it is the right time to look at working on public holidays. When do employees have the right to a shortened workday or a day off work? What are the exceptions? To prevent misunderstandings, employers should think about such situations early on.
When you read about the draft ePrivacy Regulation it may appear as though all it does is regulate the use of cookies and manage direct marketing; but the draft ePrivacy Regulation also proposes more regulation of over-the-top (OTT) communications provides, such as Skype or WhatsApp.
Despite one of the main goals of the EU General Data Protection Regulation (GDPR) being to harmonise data protection law across the EU, it does allow the individual member states to introduce broad derogations concerning national security, the prevention of crime and the enforcement of civil claims, when fundamental rights to data protection are guaranteed and derogations themselves are necessary and proportionate.
Although it is cold as I am writing this, spring is here and summer is right around the corner. A number of important events are on the way – the wildly popular Game of Thrones wrapped up its last season and the GDPR celebrated first birthday. What is the temperature like in Estonia in the field of personal data protection – lukewarm, ice-cold or smoking hot?
How to protect your company? Five most important recommendations for ensuring cyber security. The biggest targets of these new brand of bandits are companies that own and process large amounts of data and companies whose cybersecurity measures are lagging behind the times.
A year has passed since the General Data Protection Regulation (GDPR) entered into force on 25 May 2018. The main purpose of the regulation is to give individuals more control over what data about them is processed. The GDPR also applies to employment relations where the employer processes personal data of employees.
The most talked about legislative piece last spring was undoubtedly the General Data Protection Regulation, or GDPR as it is known, which came in force 25 May 2018. As a regulation, it applies directly to all of the EU member states. Why did we need the GDPR, which if to believe popular opinion is an act of pointless bureaucracy, doesn’t improve the protection of privacy rights of individuals and increases the administrative burden of companies?
In the business world, success comes from focusing on your field and working your way to the top. But that takes time and dedication. So if you are just going into business or expanding, it is wise to think about what sorts of support services are worth outsourcing – what happens if your accountant or computer person is not sitting in the next room but works for an external service provider?
Estonian entrepreneurs will develop an opportunity to grow significantly only if they are able to expand to foreign markets, says Kuldar Väärsi, the CEO of defence contractor Milrem Robotics.
Grant Thornton Baltic advised Balti Spoon OÜ, one of the world's leading manufacturers of peeled and sliced veneer, on the acquisition of a Polish company Bracia Mrozik Sp. z o.o.
Spring is an appropriate time to talk about ice starting to break up. In this article, however, the ice means women, and the perspective is that the share of women in top management of the world’s companies is finally seeing brisk growth.
The last financial year was the best in the last six years for Grant Thornton: turnover for our company operating in more than 130 countries grew by nearly 10%, reaching 5.45 billion dollars. We have 52,686 employees, and their numbers were up 6.3%.