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Don’t forget to dismiss your temporary employee after the contract ends!
Labour Law Don’t forget to dismiss your temporary employee after the contract ends!
Temporary employees are usually employed under fixed-term employment contracts, and it is important to note the differences compared to contracts with indefinite term.
Kristel Tiits
Kristel Tiits
| 17 Jul 2019
KAFO EUGESTA tehingu nõustamine Grant Thornton Baltic peapilt
Case study Lithuanian company EUGESTA aqcuired well-known Estonian coffee equipment vendor
In spring 2019 Grant Thornton Baltic provided advisory services to Lithuanian company EUGESTA Latvian unit EUGESTA un Partneri SIA for purchasing KAFO Eesti OÜ. KAFO Eesti OÜ imports and distributes coffee and coffee making equipment in Estonia.
27 Jun 2019
When an employment relationship ends in discord
Labour law When an employment relationship ends in discord
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.
Kristel Tiits
Kristel Tiits
| 12 Jun 2019
What happens if a company gives a loan to a board member or shareholder?
Commercial Code What happens if a company gives a loan to a board member or shareholder?
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.
06 Jun 2019
Working on public holidays must be paid at double the rate
Employment Contracts Act Working on public holidays must be paid at double the rate
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.
Kristel Tiits
Kristel Tiits
| 04 Jun 2019
Transaction advisory: Balti Spoon OÜ acquires Polish veneer factory
Case study Transaction advisory: Balti Spoon OÜ acquires Polish veneer factory
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.
20 Mar 2019
Want total certainty? Ask for advice!
MERGERS AND AQUISITIONS Want total certainty? Ask for advice!
Hundreds of companies are bought and sold each year in Estonia. In the case of bigger transactions, relying on assistance from transaction advisers has become the norm, although for the sake of total certainty, it’s a good idea to bring aboard an adviser even on smaller acquisitions.
08 Feb 2019
Changes to Commercial Code make doing business easier
Changes to Commercial Code Changes to Commercial Code make doing business easier
On 1 January 2019, changes to the Commercial Code came into force, intended to resolve a few problems that have reared their heads in practice.
29 Jan 2019
Changes in employment register filings
Employment register Changes in employment register filings
2019 has brought several changes to the process of filings made to the employment register. Besides the data currently required, now the working time rate, job title and workplace address must generally be specified.
29 Jan 2019
It is time to submit the INF 14 parts I-III!
INF 14 It is time to submit the INF 14 parts I-III!
Form INF 14, which needs to be submitted to the Tax and Customs Board, consists of several parts with different submission terms, the first of which is on 1 February 2019.
29 Jan 2019
Occupational safety obligations of employer are getting a bit easier
Occupational Health and Safety Act Occupational safety obligations of employer are getting a bit easier
Amendments to the Occupational Health and Safety Act that came into force on 1 January 2019 will lead to a decrease in the administrative burden on employers.
Kristel Tiits
Kristel Tiits
| 29 Jan 2019
How to acquire a company so you won’t regret it later?
Mergers and aquisitions How to acquire a company so you won’t regret it later?
This year, a number of large-scale purchase and sale transactions have provided much fodder for discussion in the media – Nelja Energia, Luminor and Utilitas are three examples. The large transactions always stand out, but this year has seen many mid-sized and small company acquisitions as well.
10 Dec 2018
United Motors to acquire Peugeot and Hyundai distributor
Case Study United Motors to acquire Peugeot and Hyundai distributor
United Motors has purchased the distributor of Peugeot and Hyundai in Estonia. Grant Thornton Baltic provided advisory services for the transaction.
10 Dec 2018
Obligation to disclose data regarding beneficial owners
Money Laundering and Terrorism Financing Prevention Act Obligation to disclose data regarding beneficial owners
From the 1st of September 2018, all Estonian companies will be required to submit data on their beneficial owners to the Commercial Register of Estonia.
Kristel Tiits
Kristel Tiits
| 16 Aug 2018
Obligation to publicly disclose beneficial owners of companies
Money Laundering and Terrorism Financing Prevention Act Obligation to publicly disclose beneficial owners of companies
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.
Kristel Tiits
Kristel Tiits
| 21 Mar 2018
Two addresses for Estonian companies managed from abroad
Changes in Commercial Code Two addresses for Estonian companies managed from abroad
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.
19 Mar 2018
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