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A reminder about preparing holiday schedules
Employment Contracts Act A reminder about preparing holiday schedules
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.
27 Feb 2018
Estonian companies managed from abroad must designate contact person
the Commercial Code Estonian companies managed from abroad must designate contact person
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.
07 Jan 2018
LEI code – new obligation for companies that hold securities
Transaction advisory LEI code – new obligation for companies that hold securities
Companies trading with financial instruments should apply for an LEI code now, as in the absence of one they are not able to buy and sell securities listed on stock exchanges as of 3 January 2018. It means that all companies who trade assets such as shares, bonds or derivatives on securities markets through an investment service provider (such as banks) will have to apply for an LEI code.
11 Dec 2017
Changes to be introduced to resolution of labor disputes
Labor Dispute Resolution Act Changes to be introduced to resolution of labor disputes
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.
Kristel Tiits
Kristel Tiits
| 06 Dec 2017
Milrem Robotics banner image
Case study Military vehicle maintenance company was sold to the Finns
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.
16 Oct 2017
Estonian BMW dealership changed hands
Case study Estonian BMW dealership changed hands
Grant Thornton Baltic advised the sale of AS United Motors vehicles retail business in Estonia. BMW and KIA vehicles retail business, vehicle parts and accessories retail business, maintenance and repair of motor vehicles in Tallinn, Tartu, Pärnu and Kohtla-Järve were sold to Inchcape Motors Estonia OÜ. GTB advised the seller AS United Motors on legal, financial and tax due diligence performed by the buyer, and carrying out the transaction. GTB had a remarkable role in negotiating the terms and price of the transaction.
16 Jun 2017
Attention, management board members
Health insurance Attention, management board members
Starting this year, some important changes to the health insurance system took force, and thus those serving as management board members and working on the basis of contracts under the law of obligations (authorisation agreements, contracts for services etc) should pay attention to the issues relating to activation and suspension of health insurance coverage.
Kristel Tiits
Kristel Tiits
| 13 May 2016
Management board member agreements and employment contracts
Labour law Management board member agreements and employment contracts
Management board member agreements and employment contracts
Kristel Tiits
Kristel Tiits
| 11 May 2016
Reminder: important day arrived for creditors and credit intermediaries!
Creditors and Credit Intermediaries Act Reminder: important day arrived for creditors and credit intermediaries!
Reminder: important day arrived for creditors and credit intermediaries!
31 Mar 2016
Three possible business exit strategies
Business Three possible business exit strategies
Three possible business exit strategies
18 Jan 2016
First anniversary of e-residency program
E-residency First anniversary of e-residency program
First anniversary of e-residency program
18 Jan 2016
Protection of business secrets
Business secrets Protection of business secrets
Compared to agreements on competition restrictions, the obligation to keep business secrets has not been dealt with as widely, yet it needs significantly more coverage. In this article, the author deals with the various nuances related to business secrets, defines business secret and discusses why keeping business secrets is important for every company.
Kristel Tiits
Kristel Tiits
| 04 Aug 2015
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Companies' equity Commercial register scrutinises companies' equity
Financial year 2014 is coming to and end and it is time to start thinking about filing annual reports to the Commercial Register. Businesses should be aware that the Commercial Register is devoting increased attention to whether companies’ equity meets legislative requirements.
09 Jun 2015
The digital e-residency card - for whom, why and how?
Digital e-residency card The digital e-residency card - for whom, why and how?
Estonia is the first country in the world to establish a digital ID system where any foreign national can apply for an electronic identity in Estonia. This is a unique solution anywhere in the world and will allow foreigners to use many of Estonia’s e-services anywhere in the world.
02 Jun 2015