COVID-19: crisis management | Grant Thornton

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The national and global emergency situation related to the COVID-19 pandemic is a challenge both for business owners and the wider business environment. The declared state of emergency also concerns the rights and obligations arising from the employment relationships. How to deal with a changing situation and what should businesses focus on in the first place?

Labor law What can employers do to minimize losses from coronavirus?

Estonia declared a state of emergency (defined in national law as “emergency situation”) on 12 March 2020 and this affects the rights and responsibilities

Labor law What possibilities do employers have to stay afloat in a crisis?

The coronavirus restrictions have put many employers in a very difficult situation. When turnover is down, it’s time to analyse what would lead the company

Labor law Home offices have been the biggest game-changer in employment relationships

The coronavirus crisis, which started a little more than a year ago, changed quite a few things in employment relationships. One of the most important changes

Annual reports Annual reports – an unsung marketing method

An annual report can be a great calling card and the secret to doing business more successfully, even though Estonian business people aren’t all that active in

Financial advisory Why determine the value of assets at a company and how to choose the right method?

After the year of the coronavirus, there is good reason to review the value of a company’s assets with particular care. Even more, because the value of some

Advisory What is the difference between a good and a mediocre financial manager?

Mart Nõmper, Sworn Auditor and Head of Audit and Assurance Services, and Mikk Mägi, Head of Financial Advisory at the pan-Baltic audit, outsourcing and

Remote working Remote working leads the concept of employment injury to absurd

The employer has an obligation to ensure the safety of its employee, but in the conditions of a home office, a legal requirement may become absurd, it was

Business model innovation Overcoming the crisis through strategic repositioning and business model innovation

The Covid-19 crisis has undoubtedly disrupted the equilibrium model of the world economy, as well as on the micro-level the equilibriums of many businesses.

Law amendment Pillar II: In October, the ball is in the hands of pension collectors

This summer, the state suspended its payments to the second pension pillar of working people. During October, however, people will be able to decide whether or

Risk management Crisis – the perfect time for fraudsters?

In a crisis, the internal control system must remain a priority. In order not to find yourself fighting the consequences of corruption and fraud after a crisis

Innovation A race for digital business models

COVID-19 led to a crisis that has accelerated the changes that were actually taking place even before the so – called era of social distancing. Those with the

Labor law Unemployed people can temporarily work, and their benefits increase

Amendments to the Labour Market Services and Benefits Act (hereinafter LMSBA) and the Unemployment Insurance Act create the possibility of temporary

Remote work A five-year leap in two months: remote work as a new norm

Remote work due to the coronavirus in companies is becoming a new positive trend, which is difficult to reverse, but both companies and employees will benefit

Legal Collecting debts during the crisis

Businesses in various sectors do not have a positive outlook for their turnover forecasts due to the corona crisis. As a result, they may have an extra

Business advisory Business plan as the backbone of the company

There are different reasons for drawing up a business plan and the target groups can vary as well. Detailed business plans are compiled when starting a

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Related experts:

Partner, Head of Financial Advisory Mikk Mägi

Tallinn, Estonia

Legal Manager Kristel Tiits

Tallinn, Estonia

Partner, Head of Audit and Assurance services, Sworn Auditor Mart Nõmper

Tallinn, Estonia

Partner in charge of tax services Kristjan Järve

Tallinn, Estonia

Tax Manager Urzula Välb

Tallinn, Estonia

Partner in charge of advisory services Artur Suits

Tallinn, Estonia

Head of IT Arko Kurg

Tallinn, Estonia

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