The date when the General Data Protection Regulation (GDPR) entered into force, May 25th, came and went with many companies still unsure about what needs to be done to be compliant with the GDPR.
In September, a new amendment to the Money Laundering and Terrorism Financing Prevention Act will enter into force, requiring companies to disclose data on their beneficial owners.
According to the GDPR people have right to query data processors about the data they hold about them. People have right to ask what data a processor holds about them, for what purpose and what is done to the data. They also have a right to rectify and erase data. Data processor is obliged to reply within 30 days of the request being made to comply with the regulation.
In the last few decades, the topic of female executives has received consistent attention in the industrialised West.
Starting 15 January 2018, Estonian companies managed from abroad will have the obligation to designate a contact person. That means all Estonian companies whose management board is located abroad must appoint an Estonian-based contact person.
By the end of the first quarter – 31 March – all companies must draw up and communicate to employees a holiday schedule for the current year.
Businesses both in and outside Estonia are very optimistic about this year’s outlook. But I recommend taking the rose-coloured glasses off and committing to making investments this year in order to improve effectiveness.
Grant Thornton celebrates key milestones as global CEO Peter Bodin takes office and global revenues pass USD5 billion as network grows to 50,000 people
The new General Data Protection Regulation will enter into force in May 2018. That makes now the last time for public sector organisations, private sector companies and NGOs to start to evaluate whether and what changes they need to make in their personal data management systems – in other words, to carry out a compliance assessment.
Effective 15 January 2018, an amendment to the Commercial Code comes into force requiring all Estonian companies whose management board is located abroad to appoint a contact person in Estonia.
Looking at the bigger picture, we should ask whether our already scarce workforce will not increasingly seek employment abroad, as a majority of industrialized countries are also suffering from workforce shortages.
Reminder: main changes in tax legislation in 2017
What happens if a cyber criminal manages to gain access to critical systems in the "smart house"?
On 1 January 2018, a new Labour Dispute Resolution Act (hereinafter referred to as TVS by its Estonian acronym) will enter into force, supplanting the Individual Labour Dispute Resolution Act (hereinafter ITVS) in force up to 31 December.
In October, a Finnish company acquired the majority shareholding in the Milrem LCM OÜ, a company that provides maintenance and repair work for Estonian Defence Forces armoured vehicles and other military vehicles.