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Remote authentication – a possibility to carry out a notarial transaction from home
Transaction advisory Remote authentication – a possibility to carry out a notarial transaction from home
On February 1st 2020, remote authentication was introduced for notarial transactions, which is equivalent to ordinary notarial authentication, i.e. authentication in the presence of a notary. Remote authentication as an innovative solution is a notarial act conducted via a video bridge between Estonian notary and an Estonian or an e-resident. Grant Thornton Baltic legal adviser Brigitta Jõgi opens the subject further.
14 May 2020
The minimum nominal value of a share in private limited company shall become one cent
Legal The minimum nominal value of a share in private limited company shall become one cent
From the 1st of July 2020 the changes of the commercial code state, that the minimum nominal value of a share is one cent instead of one euro, with the result that every cent of the share capital shall grant the shareholder one vote. Grant Thornton Baltic legal adviser Brigitta Jõgi explains the subject further.
30 Apr 2020
Is the emergency situation a force majeure, which exempts from fulfilling contracts?
Crisis management Is the emergency situation a force majeure, which exempts from fulfilling contracts?
Estonia has been in a state of emergency for a month now, which has limited the work and regular routines of businesses and individuals alike. Sports clubs and entertainment centers are closed, and people are forbidden to visit shopping centers. Accordingly, businesses experience many disruptions in their usual business routines and activities. Under certain conditions, it is possible to rely on § 103 (2) of the Law of Obligations Act (hereinafter LOA), which establishes force majeure. Grant Thornton Baltic legal adviser Brigitta Jõgi explains when force majeure can be applied to the situation.
14 Apr 2020