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Showing 16 of 77 content results
Mergers & Acquisitions We advised the management of Kiwa
Grant Thornton Baltic's consulting team advised the management of Inspecta Estonia OÜ on the acquisition of Metrex Mõõtekeskus OÜ.
1 min read | 20 Sep 2023
Mergers & acquisitions We advised Sirowa on the acquisition of a competitor
International wholesaler of cosmetics, perfumes, salon products and non-prescription medicines Sirowa acquired well-known Estonian wholesaler of perfumery and beauty products.
1 min read | 20 Sep 2023
Labor law Changes to sickness benefit, working time and minimum wage
A number of changes will soon take place in labour law, with direct implications for everyday life in the workplace. The changes pertain to employees’ rights and benefits.
Anastassia Volmerson
Anastassia Volmerson
| 4 min read | 09 Jun 2023
Legal Amendment to the minimum share capital requirement in the Commercial Code: an apparent cause for cheer but practical concerns remain
On 1 February 2023, the new Commercial Register Act entered into force, ushering in significant changes to the Commercial Code and other laws regulating the activities of corporate entities. Among other things, the changes also concern the net asset requirement, related to one of the major changes – the removal of the requirement of minimum share capital for private limited companies.
Uljana Feldman
Uljana Feldman
| 5 min read | 22 May 2023
Labor law The compensation system set forth in the Employment Contracts Act got overhauled
The Employment Contracts Act provides for compensation for both employees and employers in a number of situations. In Supreme Court practice, the compensation has been viewed as indemnifying a loss, and as such, both parties have to prove that they incurred losses.
Merli Kesküla
Anastassia Volmerson
| 4 min read | 04 May 2023
Transaction advisory We advised OÜ Rannu Seeme in the transaction of the exit of a shareholder
Grant Thornton Baltic's transaction advisory team helped OÜ Rannu Seeme develop the conditions for the exit of the partner, including advising on the execution and formalization of the transaction.
1 min read | 21 Dec 2022
Labor law Let the coconuts fall where they will. Remote work is now more precisely regulated
With everything else that is happening in the world, the pandemic era is starting to fade from memory. But remote working is here to stay. That is borne out by the new Occupational Healthcare and Safety Act that entered into force on 19 November 2022, which lays down a more specific framework for employee and employer responsibilities in remote work arrangements.
Merli Kesküla
Merli Kesküla
| 4 min read | 20 Dec 2022
Financial results Last season was crowned with success
For Grant Thornton Baltic OÜ, the 2021/2022 season in Estonia was very successful - our turnover increased by 24% compared to the previous financial year. The impressive growth took us to the second place in the ranking of auditing companies compiled by business newspaper Äripäev.
3 min read | 28 Nov 2022
Transaction Advisory We advised the importer of Audis on the sale of a stake
In the spring and summer of 2022, Fourings OÜ, which brings together companies engaged in the sale and maintenance of Audis in Estonia, sold a 50 percent stake to the investment company UG Investments.
1 min read | 21 Nov 2022
Transaction advisory Selling a company in hard economic times is harder but not impossible
Experts say that activity on the transactions market has returned to previous levels in contrast to the slump in the spring, but it should be remembered that more restrictive conditions are added to contracts in hard times.
Kristjan Järve
Erik Suits
| 7 min read | 11 Nov 2022
Legal Deleting a branch of a foreign company from the Commercial Register
Up to 30 December 2021, according to subsection 390 (4) of the Commercial Code it was required that a branch of a foreign company has to be liquidated before deletion from the Commercial Register, with all of the stages necessary for liquidation to be followed: notification of creditors, satisfaction of creditors’ claims, preparation of a final balance sheet, etc.
2 min read | 11 Nov 2022
Legal Negative net assets and related issues
Most annual reports have by now been submitted and the Commercial Register is now checking whether companies’ equity meets the minimum net assets requirement arising from legislation. What does this mean for companies?
Uljana Feldman
Uljana Feldman
| 5 min read | 11 Nov 2022
Our news A new partner at Grant Thornton Baltic
Kristel Tiits, a long-term employee of our company and Head of Legal, became a Partner of Grant Thornton Baltic. In total, we now have seven partners in Estonia and 15 in the Baltics.
Less than a minute | 07 Nov 2022
Legal The Commercial Register will get a separate act and the Commercial Code will be amended
The Commercial Register Act will enter into force in three stages: the general date of entry into force is 1 February 2023, but the amendments concerning the maintenance of a list of shareholders and a list of building association members will enter into force on 1 September 2023, while the amendments concerning, among other things, the reservation of a business name and the making of entries on a specified date will only enter into force on 1 March 2024.
Kristel Tiits
Kristel Tiits
| 10 min read | 20 Oct 2022
Legal Amendments to Employment Contracts Act enter into force on 1 August
The European Union directive on transparent and predictable working conditions has been transposed into national law. The corresponding amendments come into force on 1 August 2022, but it would be a good idea for employers to start preparing for this date already.
Kristel Tiits
Merli Kesküla
| 9 min read | 20 May 2022
Labor law The ABCs of hiring a new employee
Employers have to deal with three important aspects that lead to an employment relationship between employer and employee: job interview, pre-contractual negotiations and background checks (the last of these, of course, with employee consent).
Uljana Feldman
Uljana Feldman
| 6 min read | 14 Feb 2022
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