Restriction of management board members’ right of representation

In order to hedge business risks arising from possible errors or intentional violation of obligations by a single management board […] Read more »

Posted in Corporate and Commercial, Liability of Management Board Member | Comments closed

Request for advance payment and transfer of liability on delivery of goods to consumers

On 5 April 2011, new amendments to the Law of Obligations Act entered into force. The main essence and objective […] Read more »

Posted in Corporate and Commercial | Comments closed

Denominating share capital in EUR

Starting from January 1, 2011 undertakings will be required to keep their accounts in euros. It is therefore justified to consider whether to denominate the share capital in euros and amend the Articles of Association in order to minimize the need to keep accounts in different denominations. Read more »

Posted in Corporate and Commercial | Comments closed

How to establish your own business as of January 2011?

Senior associate Heili Haabu (heili.haabu@borenius.ee) writes in BalticBusinessNews blog that on starting a business, the founders face the question of […] Read more »

Posted in Corporate and Commercial | Comments closed

New Voting Facilities and Obligations for Shareholders’ Meetings

irst and foremost, the amendments are designed to protect the interests and rights of those shareholders who cannot participate in the meeting, ensuring better information supply regarding issues to be put to a vote at the meeting and enabling them to participate in the vote even when unable to participate in person or through a representative. Read more »

Posted in Corporate and Commercial | Comments closed