Follow-up on MiFID implementation in Estonia
July 2008Tark & Co associate Mihkel Kolk's and partner Hannes Vallikivi's article first appeared on Complinet on www.complinet.com on July 16 2008. Read more
Wind power in Estonia
April 2008Imbi Jürgen' presentation at IBA SEERIL Conference, Copenhagen, 28 April 2008 Read more
Electricity Regulation 2008: Estonia. Getting the Deal Through
December 2007Reproduced with permission from Law Business Research. This article was first published in Getting the Deal Through - Electricity 2008, (published in December 2007 - contributing editor Earle H O'Donnell). Read more
The Promotion of Electricity from Renewable Energy Sources: Estonia. International Energy Law and Taxation Review
October 2007This article was first published by Sweet & Maxwell in [2007] I.E.L.T.R issue 9/10 Read more
Maximum liability of an insurance company
December 2006A recent judgement of the Supreme Court regarding non-life insurance contracts (judgement No. 3-2-1-90-06, dated 25 October 2006) may bring about rewrites of standard-term insurance contracts used by insurance companies. Read more
Amendments to Estonian Competition Act effective as of 1 July 2006
October 2006The amendments to Estonian Competition Act (Konkurentsiseadus) (hereinafter the „CA”) which took effect on 1 July 2006, covered the whole act and the regulations of Minister of Economics and Communication enacted based on CA, but involved particularly the regulation concerning control of concentrations. In addition to that, substantial change introduced is the abolishment of the possibility for undertakings to apply for individual exemptions to their arrangements which would be permitted under § 6 CA. Read more
Creditor defence rules relaxed for mergers
September 2006The Commercial Code has been amended in order to reduce the time it takes to carry out a merger procedure. The new rules came into force on January 1 2006. Read more
Adoption of stricter corporate governance standards for Estonian companies
August 2006Since the beginning of 2006, many important amendments regarding corporate governance in Estonian public limited companies (in Estonian: aktsiaselts or AS) became operative. Read more
Jobs of aged employees safer
June 2006From March 2006 employers have no right to terminate employment contracts due to the age of an employee. Read more
Principles of new corporate income tax regime to become effective on 2009 disclosed for public debate in Estonia
June 2006Estonia's Ministry of Finance has disclosed a proposal to introduce an annual 10 percent tax on corporate profits starting in 2009. Read more
Closing of share transfer transactions simplified
May 2006Since January 1 2006 the closing of transactions regarding the transfer of shares of public limited liability companies has become easier due to an amendment to the Commercial Code. Read more
Finance Ministry Drafts New Transfer Pricing Regs
May 2006The Estonian Ministry of Finance is drafting new transfer pricing regulations that will establish five methods for determining the arm’s-length price of the transaction and documentation rules in accordance with EU recommendations. Read more
Government Proposes 10 Percent Tax on Corporate Profits
May 2006Estonia’s Ministry of Finance has disclosed a proposal to introduce an annual 10 percent tax on corporate profits starting in 2009. Read more
E-money directive finally transposed
March 2006The Electronic Money Institutions Act finally entered into force on January 1 2006, implementing the EU E-money Directive (2000/46/EC). The implementation of the directive comes at a time when the European Commission is carrying out consultations regarding the suitability of the present e-commerce framework to the requirements of the modern market. Read more
Notarisation of pledges becomes cheaper
January 2006On January 1 2006 the Notary Fees Act was amended by an act passed by Parliament on October 12 2005. As a result, the notorisation of pledges has become cheaper due to changes to the method of calculating notary fees. Read more
New Civil Procedure Code came into force in Estonia in January 2006
January 2006As from January 1, 2006, new Civil Procedure Code came into force in Estonia, replacing the former code of 1998. The new Code makes the procedure regulations more detailed, compared to the former code. The new Code also introduces a number of new possibilities in the civil procedure. Read more
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