Deletion of private limited company shares from Estonian Central Register of Securities

Registration of shares is voluntary for shares of private limited companies (in Estonian: osaühing), unlike shares of public limited companies […] Read more »

Posted in Corporate and Commercial | Comments closed

Uncertainty of a guarantee as an independent debt obligation

Under current law, obligations of a guarantor towards a creditor under guarantee do not depend on obligations of the debtor […] Read more »

Posted in Banking and Finance | Comments closed

Boundaries of collateral arrangement

In its recent decision, the Supreme Court provided important instructions regarding collateral contracts (commercial pledge, share pledge, mortgage). The Supreme […] Read more »

Posted in Banking and Finance | Comments closed

Buying out shareholders – what does this entail for share pledges?

As in several other countries, in Estonia the possibility exists for a majority shareholder to buy out minority shareholders under […] Read more »

Posted in Corporate and Commercial | Comments closed

Transfer of procurement contract on transfer of enterprise

Transfer of an enterprise means transfer of related things, rights and obligations – including contracts – in the service of […] Read more »

Posted in Public Procurement | Comments closed

Burden of proof in a market manipulation matter

At the end of last year, the Supreme Court issued a decision in the misdemeanour matter of Arne Randmaa, in […] Read more »

Posted in Banking and Finance | Comments closed

Restrictions on shareholders’ voting rights

Under the Commercial Code, a shareholder may not vote when a decision is being made concerning their release from an […] Read more »

Posted in Corporate and Commercial | Comments closed

Elimination of the reserve capital requirement for private limited companies – a good opportunity for distributing dividends

Since 2011, contributing to a reserve capital is no longer an obligation for private limited companies. However, it was not […] Read more »

Posted in Corporate and Commercial | Comments closed

Form of company transfer

When structuring corporate acquisitions, it is important to keep in mind the complexities that come with the manner of acquisition. […] Read more »

Posted in Corporate and Commercial | Comments closed

Option of raising capital from a pension fund

According to a report published by the Financial Supervision Authority in the summer of 2011, the total value of pension […] Read more »

Posted in Banking and Finance, Capital Markets | Comments closed